Linn Energy, LLC Target of Unusually High Options Trading (LINE)
Linn Energy, LLC (NASDAQ:LINE) saw some unusual options trading on Tuesday. Traders purchased 13,072 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 132% compared to the average volume of 5,625 put options.
A number of analysts have recently weighed in on LINE shares. 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. Separately, 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.33.
Linn Energy, LLC (NASDAQ:LINE) traded up 0.35% on Tuesday, hitting $26.01. The stock had a trading volume of 1,483,776 shares. Linn Energy, LLC has a 52-week low of $20.35 and a 52-week 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 $6.118 billion.
Linn Energy, LLC (NASDAQ:LINE) last issued its quarterly 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 last 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.
The company also recently declared a oct 13 dividend, which is scheduled for Thursday, October 17th. Investors of record on Friday, October 11th will be given a dividend of $0.24 per share.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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