LRR Energy (NASDAQ:LRE) Shares Up 4% – Still a Buy?

LRR Energy, L.P. (NASDAQ:LRE) shares shot up 4% during mid-day trading on Wednesday . The stock traded as high as $1.31 and last traded at $1.30. 5,360 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 27,076 shares. The stock had previously closed at $1.2499.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of LRR Energy in a report on Tuesday. They set a “sell (d+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

LRR Energy Trading Down 2.0%

The firm has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.41.

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).