Linn Energy LLC Declares Dividend of $0.24 (LINE)
Linn Energy (NASDAQ:LINE) announced a dividend on Thursday, May 1st, ARN reports. Shareholders of record on Monday, May 12th will be paid a dividend of 0.2416 per share on Thursday, May 15th. The ex-dividend date is Thursday, May 8th.
LINE has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of Linn Energy from a “buy” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $32.00 price target on the stock, down previously from $41.50. On the ratings front, analysts at JPMorgan Chase & Co. downgraded shares of Linn Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, March 24th. They now have a $30.00 price target on the stock, down previously from $36.00. Finally, analysts at Ladenburg Thalmann raised their price target on shares of Linn Energy from $25.00 to $32.00 in a research note on Monday, March 3rd. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Linn Energy presently has an average rating of “Hold” and a consensus price target of $32.24.
Linn Energy (NASDAQ:LINE) opened at 28.83 on Friday. Linn Energy has a 1-year low of $20.35 and a 1-year high of $38.64. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $30.22. The company’s market cap is $9.551 billion. Linn Energy also was the target of unusually large options trading on Wednesday. Stock traders bought 7,179 put options on the stock. This represents an increase of 325% compared to the average daily volume of 1,689 put options.
Linn Energy (NASDAQ:LINE) last released its earnings data on Thursday, February 27th. The company reported ($3.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $3.42. The company had revenue of $585.00 million for the quarter, compared to the consensus estimate of $627.29 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Linn Energy will post $1.59 EPS for the current fiscal year.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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