BreitBurn Energy Partners L.P. Stock Rating Lowered by Zacks (BBEP)
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.
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