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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.

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