LRR Energy, L.P. (NASDAQ:LRE) Sees Significant Growth in Short Interest

LRR Energy, L.P. (NASDAQ:LRE) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 51,726 shares, a growth of 59.9% from the May 14th total of 32,350 shares. Based on an average trading volume of 124,693 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

LRR Energy Stock Up 0.8%

Shares of LRE stock opened at $1.33 on Thursday. The business’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.35. LRR Energy has a 12-month low of $1.00 and a 12-month high of $2.97.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of LRR Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

LRR Energy Company Profile

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).