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BreitBurn Energy Partners L.P. (NASDAQ:BBEP)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst RN reports. The stock traded as high as $22.79 and last traded at $22.54, with a volume of 282,491 shares trading hands. The stock had previously closed at $22.65.

BBEP has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of BreitBurn Energy Partners L.P. from $21.00 to $24.00 in a research note on Monday, June 23rd. Separately, analysts at Global Hunter Securities initiated coverage on shares of BreitBurn Energy Partners L.P. in a research note on Friday, June 20th. They set an “accumulate” rating and a $23.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. BreitBurn Energy Partners L.P. currently has a consensus rating of “Buy” and an average price target of $22.06.

The stock’s 50-day moving average is $21.88 and its 200-day moving average is $20.71. The company’s market cap is $2.689 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 (EPS) for the quarter, missing the 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 previous year, the company posted ($0.38) earnings per share. The company’s revenue for the quarter was up 90.8% on a year-over-year basis. Analysts expect that BreitBurn Energy Partners L.P. will post $0.68 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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