Stock analysts at Barclays Capital lowered their price objective on shares of Linn Energy, LLC (NASDAQ:LINE) from $36.00 to $31.00 in a report issued on Tuesday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 35.34% from the stock’s previous close.
Shares of Linn Energy, LLC (NASDAQ:LINE) traded down 0.68% during mid-day trading on Tuesday, hitting $22.75. Linn Energy, LLC has a 52 week low of $20.35 and a 52 week high of $42.57. The stock’s 50-day moving average is currently $27.24. The company’s market cap is $5.351 billion. Linn Energy, LLC also saw unusually large options trading activity on Monday. Traders bought 12,253 put options on the stock, Analyst Ratings.Net reports.This is an increase of 131% compared to the average daily volume of 5,293 put options.
Linn Energy, LLC (NASDAQ:LINE) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.07. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $584.87 million. During the same quarter last year, the company posted $0.31 earnings per share. On average, analysts predict that Linn Energy, LLC will post $1.08 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of Linn Energy, LLC from $40.00 to $37.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Linn Energy, LLC in a research note to investors on Friday, August 9th. They now have a $35.00 price target on the stock, up previously from $34.00. Finally, analysts at Oppenheimer downgraded shares of Linn Energy, LLC from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, August 9th. They now have a $23.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.33.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, August 14th. Stockholders of record on Monday, August 12th will be given a dividend of $0.24 per share. This represents a $2.90 dividend on an annualized basis and a yield of 12.66%. The ex-dividend date of this dividend is Thursday, August 8th.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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