Breitburn Energy PT Raised to $24.00 (BBEP)
Analysts at Wunderlich hoisted their price objective on shares of Breitburn Energy (NASDAQ:BBEP) from $22.00 to $24.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price suggests a potential upside of 16.79% from the stock’s previous close.
Shares of Breitburn Energy (NASDAQ:BBEP) opened at 20.55 on Friday. Breitburn Energy has a one year low of $14.01 and a one year high of $21.40. The stock’s 50-day moving average is $20.16 and its 200-day moving average is $18.82. The company has a market cap of $2.048 billion and a price-to-earnings ratio of 407.40.
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. On average, analysts predict that Breitburn Energy will post $0.47 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Monday, February 10th will be paid a dividend of 0.1642 per share. This represents a $1.97 annualized dividend and a dividend yield of 9.59%. The ex-dividend date is Thursday, February 6th.
A number of other firms have also recently commented on BBEP. Analysts at Imperial Capital initiated coverage on shares of Breitburn Energy in a research note to investors on Friday, January 24th. They set an “outperform” rating and a $21.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.79.
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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