Breitburn Energy (BBEP) Declares Monthly Dividend of $0.16
Breitburn Energy (NASDAQ:BBEP) declared a monthly dividend on Friday, January 3rd, AnalystRatingsNetwork reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.1642 per share on Thursday, January 16th. This represents a $1.97 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from Breitburn Energy’s previous monthly dividend of $0.16.
A number of analysts have recently weighed in on BBEP shares. Analysts at Credit Suisse raised their price target on shares of Breitburn Energy from $20.00 to $21.00 in a research note to investors on Monday, December 16th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Robert W. Baird upgraded shares of Breitburn Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 21st. Finally, analysts at Robert W. Baird reiterated a “hold” rating on shares of Breitburn Energy in a research note to investors on Sunday, November 10th. They now have a $21.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.94.
Shares of Breitburn Energy (NASDAQ:BBEP) traded up 1.19% on Friday, hitting $20.42. 526,968 shares of the company’s stock traded hands. Breitburn Energy has a 52 week low of $14.01 and a 52 week high of $21.75. The stock has a 50-day moving average of $19.28 and a 200-day moving average of $18.41. The company has a market cap of $2.035 billion and a price-to-earnings ratio of 403.60.
Breitburn Energy (NASDAQ:BBEP) last announced its earnings results on Wednesday, November 6th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.54. The company had revenue of $143.38 million for the quarter, compared to the consensus estimate of $195.39 million. On average, analysts predict that Breitburn Energy will post $0.52 earnings per share for the current fiscal year.
BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States.
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