LRR Energy (NASDAQ:LRE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

LRR Energy, L.P. (NASDAQ:LRE)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.32 and traded as high as $1.39. LRR Energy shares last traded at $1.39, with a volume of 7,381 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded LRR Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

LRR Energy Stock Down 2.9%

The business’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.32.

LRR Energy (NASDAQ:LRE) last announced its earnings results on Friday, June 19th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $12.72 million for the quarter.

About LRR Energy

LRR Energy, L.P. (LRR Energy) operates, acquires, exploits and develops producing oil and natural gas properties in North America. The Company’s properties consist of onshore oil and natural gas properties. Its oil and natural gas properties include the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas, and the Gulf Coast region in Texas. As of December 31, 2014, the Company’s total estimated proved reserves were approximately 33.8 million barrels of oil equivalent (MMBoe), of which approximately 88% were proved developed reserves (approximately 73% proved developed producing and approximately 15% proved developed non-producing).