Linn Energy, LLC Target of Unusually Large Options Trading (LINE)
Shares of Linn Energy, LLC (NASDAQ:LINE) was the target of unusually large options trading on Friday. Stock traders bought 12,667 put options on the stock, Analyst Ratings News reports. This represents an increase of approximately 172% compared to the typical daily volume of 4,651 put options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Linn Energy, LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $28.90 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Linn Energy, LLC in a research note to investors on Tuesday, October 15th. They set a “buy” rating on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.99.
Shares of Linn Energy, LLC (NASDAQ:LINE) opened at 26.84 on Monday. Linn Energy, LLC has a 52-week low of $20.35 and a 52-week high of $42.57. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $32.21. The company’s market cap is $6.312 billion.
Linn Energy, LLC (NASDAQ:LINE) last posted its quarterly earnings results 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 $0.93 EPS for the current fiscal year.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.