NEW YORK ( TheStreet) -- The ex-dividend date for QR Energy (NYSE: QRE) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $19.50 as of 9:30 a.m. ET, the dividend yield is 10%. The average volume for QR Energy has been 478,800 shares per day over the past 30 days. QR Energy has a market cap of $557.5 million and is part of the basic materials sector and energy industry. Shares are down 3.6% year to date as of the close of trading on Tuesday. QR Energy, LP, through its subsidiary, QRE Operating, LLC, engages in the acquisition, exploitation, development, and production of onshore crude oil and natural gas properties in the United States. The company has a P/E ratio of 195, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates QR Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself. You can view the full QR Energy Ratings Report. See our dividend calendar or top-yielding stocks list.