Breitburn Energy (BBEP) Scheduled to Post Earnings on Thursday
Breitburn Energy (NASDAQ:BBEP) is scheduled to post its Q413 quarterly earnings results on Thursday, February 27th. Analysts expect Breitburn Energy to post earnings of $0.29 per share and revenue of $208.58 million for the quarter.
Shares of Breitburn Energy (NASDAQ:BBEP) opened at 20.96 on Wednesday. Breitburn Energy has a 52-week low of $14.01 and a 52-week high of $21.36. The stock has a 50-day moving average of $20.47 and a 200-day moving average of $19.14. The company has a market cap of $2.089 billion and a price-to-earnings ratio of 423.80.
A number of analysts have recently weighed in on BBEP shares. Analysts at Wunderlich raised their price target on shares of Breitburn Energy from $22.00 to $24.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. On a related note, analysts at Imperial Capital initiated coverage on shares of Breitburn Energy in a research note on Friday, January 24th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Breitburn Energy in a research note on Tuesday, January 14th. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.58.
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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