Linn Energy, LLC Announces Oct 13 Dividend of $0.24 (LINE)
Linn Energy, LLC (NASDAQ:LINE) declared a oct 13 dividend on Tuesday, October 1st, Stock Ratings Network reports. Stockholders of record on Friday, October 11th will be given a dividend of $0.2416 per share on Thursday, October 17th.
Several analysts have recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Linn Energy, LLC (NASDAQ:LINE) from $36.00 to $31.00 in a research note to investors on Tuesday, August 13th. They now have an “overweight” rating on the stock. On a related note, analysts at Raymond James cut their price target on shares of Linn Energy, LLC (NASDAQ:LINE) from $40.00 to $37.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Linn Energy, LLC (NASDAQ:LINE) in a research note to investors on Friday, August 9th. They now have a $35.00 price target on the stock, up previously from $34.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.33.
Shares of Linn Energy, LLC (NASDAQ:LINE) traded up 1.60% during mid-day trading on Tuesday, hitting $26.334. 143,509 shares of the company’s stock traded hands. Linn Energy, LLC has a 1-year low of $20.35 and a 1-year high of $42.57. The stock has a 50-day moving average of $25.3 and a 200-day moving average of $31.23. The company’s market cap is $6.194 billion.
Linn Energy, LLC (NASDAQ:LINE) last released its earnings data on Thursday, August 8th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.07. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $584.87 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts expect that Linn Energy, LLC will post $0.94 EPS for the current fiscal year.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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