Linn Energy, LLC Announces Monthly Dividend of $0.24 (LINE)
Linn Energy, LLC (NASDAQ:LINE) declared a monthly dividend on Monday, October 7th, Analyst Ratings Net reports. Shareholders of record on Friday, October 11th will be given a dividend of $0.2416 per share on Thursday, October 17th. This represents a $2.90 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend is Wednesday, October 9th.
Several analysts have recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Linn Energy, LLC 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 the ratings front, analysts at Raymond James cut their price target on shares of Linn Energy, LLC 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 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 assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.33.
Linn Energy, LLC (NASDAQ:LINE) traded up 0.72% on Monday, hitting $26.69. 1,386,785 shares of the company’s stock traded hands. 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 $25.59 and a 200-day moving average of $31.0. The company’s market cap is $6.278 billion.
Linn Energy, LLC (NASDAQ:LINE) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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