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JPMorgan Chase & Co. assumed coverage on shares of Breitburn Energy (NASDAQ:BBEP) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Breitburn Energy (NASDAQ:BBEP) opened at 19.99 on Tuesday. 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 $19.62 and a 200-day moving average of $18.53. The company has a market cap of $1.993 billion and a price-to-earnings ratio of 407.40.

Breitburn Energy (NASDAQ:BBEP) last released its earnings data 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 $0.46 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Thursday, January 16th. Stockholders of record on Monday, January 13th will be paid a dividend of 0.1642 per share. This represents a $1.97 annualized dividend and a dividend yield of 9.86%. The ex-dividend date is Thursday, January 9th. This is a boost from Breitburn Energy’s previous monthly dividend of $0.16.

Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Breitburn Energy from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 8th. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Breitburn Energy currently has a consensus rating of “Buy” and an average price target of $21.93.

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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