RBC Capital Lowers Lrr Energy L.P. to Sector Perform (LRE)
Lrr Energy L.P. (NYSE: LRE) was downgraded by equities researchers at RBC Capital (NYSE: RY) from an “outperform” rating to a “sector perform” rating in a report issued on Tuesday. They currently have a $19.00 target price on the stock, down from their previous target price of $22.00.
Lrr Energy L.P. traded down 3.50% on Tuesday, hitting $15.1125. Lrr Energy L.P. has a 52-week low of $15.50 and a 52-week high of $22.39. The company has a market cap of $339.3 million and a price-to-earnings ratio of 15.83.
LRE has been the subject of a number of other recent research reports. Analysts at MLV & Co initiated coverage on shares of Lrr Energy L.P. in a research note to investors on Tuesday, May 22nd. They set a “hold” rating on the stock. Analysts at Citigroup (NYSE: C) raised their price target on shares of Lrr Energy L.P. from $21.50 to $23.00 in a research note to investors on Tuesday, May 8th.
LRR Energy, L.P (LRR Energy) is a limited partnership formed by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America.