Breitburn Energy Now Covered by Imperial Capital (BBEP)
Investment analysts at Imperial Capital started coverage on shares of Breitburn Energy (NASDAQ:BBEP) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $21.00 price target on the stock. Imperial Capital’s price objective would indicate a potential upside of 2.84% from the company’s current price.
Shares of Breitburn Energy (NASDAQ:BBEP) remained flat at $20.42 during during mid-day trading trading on Friday. 691,546 shares of the company’s stock traded hands. Breitburn Energy has a 1-year low of $14.01 and a 1-year high of $21.40. The stock has a 50-day moving average of $19.89 and a 200-day moving average of $18.6. The company has a market cap of $2.035 billion and a price-to-earnings ratio of 408.40.
Breitburn Energy (NASDAQ:BBEP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Breitburn Energy will post $0.47 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Breitburn Energy in a research note to investors on Tuesday, January 14th. They set an “overweight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.50.
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.
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.