Linn Energy, LLC Now Covered by UBS AG (LINE)
Equities research analysts at UBS AG initiated coverage on shares of Linn Energy, LLC (NASDAQ:LINE) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Linn Energy, LLC (NASDAQ:LINE) opened at 26.69 on Tuesday. Linn Energy, LLC has a one year low of $20.35 and a one year high of $42.57. The stock has a 50-day moving average of $25.92 and a 200-day moving average of $30.45. The company’s market cap is $6.278 billion.
Linn Energy, LLC (NASDAQ:LINE) last announced its earnings results on Thursday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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.
The company also recently declared a monthly 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. 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.
LINE has been the subject of a number of other recent research reports. Analysts at Barclays 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. Separately, 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 given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.33.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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