BreitBurn Energy Partners L.P. Sets New 52-Week High at $21.84 (BBEP)
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) hit a new 52-week high on Monday , American Banking News reports. The company traded as high as $21.84 and last traded at $21.70, with a volume of 294,758 shares trading hands. The stock had previously closed at $21.77.
A number of analysts have recently weighed in on BBEP shares. 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.64.
The stock’s 50-day moving average is $20.62 and its 200-day moving average is $20.15. The company’s market cap is $2.591 billion.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.38) earnings per share. BreitBurn Energy Partners L.P.’s revenue was up 90.8% compared to the same quarter last year. Analysts expect that BreitBurn Energy Partners L.P. will post $0.67 EPS for the current fiscal year.
The company also recently announced a jun 14 dividend, which is scheduled for Thursday, June 12th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.1658 per share. This represents a dividend yield of 9.3%. The ex-dividend date is Thursday, June 5th.
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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