BreitBurn Energy Partners L.P. Receives Buy Rating from Stifel Nicolaus (BBEP)
BreitBurn Energy Partners L.P. (NASDAQ:BBEP)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $24.00 target price on the stock, up from their previous target price of $21.00. Stifel Nicolaus’ price objective indicates a potential upside of 10.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of BreitBurn Energy Partners L.P. in a research note on Friday. They set a “neutral” rating on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of BreitBurn Energy Partners L.P. in a research note on Friday. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at MLV & Co
raised their price target on shares of BreitBurn Energy Partners L.P. from $24.00 to $26.00 in a research note on Friday. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.10.
Shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP) traded down 1.98% during mid-day trading on Friday, hitting $21.79. The stock had a trading volume of 2,915,065 shares. BreitBurn Energy Partners L.P. has a 1-year low of $17.10 and a 1-year high of $23.15. The stock’s 50-day moving average is $22.1 and its 200-day moving average is $20.80. The company’s market cap is $2.607 billion.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) last posted its quarterly earnings results on Thursday, July 24th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $1.08. The company had revenue of $93.12 million for the quarter, compared to the consensus estimate of $221.55 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 57.1% on a year-over-year basis. Analysts expect that BreitBurn Energy Partners L.P. will post $0.69 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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