Linn Energy, LLC (LINE) Plans Monthly Dividend of $0.24
Linn Energy, LLC (NASDAQ:LINE) declared a monthly dividend on Friday, January 3rd, Stock Ratings News reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.2416 per share on Thursday, January 16th. This represents a $2.90 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Thursday, January 9th.
LINE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Linn Energy, LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $34.90 price target on the stock. On the ratings front, analysts at Raymond James cut their price target on shares of Linn Energy, LLC from $37.00 to $35.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Linn Energy, LLC from $31.00 to $34.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Linn Energy, LLC currently has an average rating of “Hold” and a consensus price target of $33.28.
Linn Energy, LLC (NASDAQ:LINE) traded up 0.71% on Friday, hitting $31.03. 1,357,850 shares of the company’s stock traded hands. Linn Energy, LLC has a one year low of $20.35 and a one year high of $39.50. The stock’s 50-day moving average is $30.08 and its 200-day moving average is $27.87. The company’s market cap is $7.298 billion.
Linn Energy, LLC (NASDAQ:LINE) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.33. During the same quarter in the prior year, the company posted $0.45 earnings per share. Analysts expect that Linn Energy, LLC will post $0.91 EPS for the current fiscal year.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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