Linn Energy, LLC Rating Increased to Outperform at Zacks (LINE)
Linn Energy, LLC (NASDAQ:LINE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, American Banking News.com reports. The firm currently has a $28.90 price target on the stock. Zacks‘ price target would indicate a potential upside of 8.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on LINE. Analysts at UBS AG initiated coverage on shares of Linn Energy, LLC in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Linn Energy, LLC presently has an average rating of “Hold” and a consensus target price of $32.99.
Linn Energy, LLC (NASDAQ:LINE) traded down 0.41% on Wednesday, hitting $26.59. 1,172,345 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 $25.97 and a 200-day moving average of $30.4. The company’s market cap is $6.254 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 last year, the company posted $0.31 earnings per share. On average, analysts predict that Linn Energy, LLC will post $0.94 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Thursday, October 17th. Investors of record on Friday, October 11th will be paid a dividend of $0.24 per share. This represents a $2.90 annualized dividend and a dividend yield of 10.86%. The ex-dividend date is Wednesday, October 9th.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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