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BreitBurn Energy Partners L.P. (NASDAQ:BBEP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday. They currently have a $24.40 target price on the stock. Zacks‘s target price would indicate a potential upside of 11.88% from the stock’s previous close.

BreitBurn Energy Partners L.P. (NASDAQ:BBEP) traded up 0.05% on Monday, hitting $21.82. The stock had a trading volume of 396,607 shares. 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 $22.00 and a 200-day moving average of $20.95. The company’s market cap is $2.629 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.75 earnings per share. BreitBurn Energy Partners L.P.’s revenue was down 57.1% compared to the same quarter last year. Analysts expect that BreitBurn Energy Partners L.P. will post $-0.18 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of BreitBurn Energy Partners L.P. from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of BreitBurn Energy Partners L.P. in a research note on Friday, July 25th. They now have a $24.00 price target on the stock, up previously from $21.00. Finally, analysts at Credit Suisse initiated coverage on shares of BreitBurn Energy Partners L.P. in a research note on Friday, July 25th. They set a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $23.27.

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.

To view Zacks’ full report, visit Zacks’ official website.

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