Insider Selling: Willis Jackson Washburn Unloads 15,000 Shares of BreitBurn Energy Partners L.P. Stock (BBEP)
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) SVP Willis Jackson Washburn sold 15,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $20.75, for a total transaction of $311,250.00. Following the sale, the senior vice president now directly owns 64,640 shares in the company, valued at approximately $1,341,280. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
BBEP has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of BreitBurn Energy Partners L.P. from $21.00 to $22.00 in a research note on Tuesday, May 13th. Separately, analysts at Oppenheimer downgraded shares of BreitBurn Energy Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Friday, May 9th. Finally, analysts at RBC Capital raised their price target on shares of BreitBurn Energy Partners L.P. from $21.00 to $22.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. BreitBurn Energy Partners L.P. has a consensus rating of “Buy” and a consensus price target of $21.64.
Shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP) traded up 0.58% on Tuesday, hitting $20.81. The stock had a trading volume of 740,413 shares. BreitBurn Energy Partners L.P. has a one year low of $14.01 and a one year high of $21.36. The stock has a 50-day moving average of $20.16 and a 200-day moving average of $19.95. The company’s market cap is $2.490 billion.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.28. The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $217.67 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was up 90.8% on a year-over-year basis. Analysts expect that BreitBurn Energy Partners L.P. will post $0.70 EPS for the current fiscal year.
BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oils and gas properties in the United States.
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