MLV & Co Increases BreitBurn Energy Partners L.P. Price Target to $26.00 (BBEP)
Equities researchers at MLV & Co
upped their price target on shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP) from $24.00 to $26.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. MLV & Co
‘s target price would indicate a potential upside of 19.32% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of BreitBurn Energy Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Zacks upgraded shares of BreitBurn Energy Partners L.P. from a “neutral” rating to an “outperform” rating in a research note on Friday, July 18th. They now have a $24.40 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.10.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) opened at 21.79 on Friday. BreitBurn Energy Partners L.P. has a 1-year low of $17.10 and a 1-year high of $23.15. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $20.81. The company’s market cap is $2.607 billion.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) last issued its quarterly earnings data 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. On average, analysts predict that BreitBurn Energy Partners L.P. will post $0.69 earnings per share 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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