Analysts at Raymond James decreased their target price on shares of Linn Energy, LLC (NASDAQ:LINE) from $37.00 to $35.00 in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 14.90% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Linn Energy, LLC from $31.00 to $34.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Linn Energy, LLC from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $34.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Linn Energy, LLC from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.85.
Shares of Linn Energy, LLC (NASDAQ:LINE) traded down 1.01% during mid-day trading on Wednesday, hitting $30.46. 2,756,974 shares of the company’s stock traded hands. Linn Energy, LLC has a 1-year low of $20.35 and a 1-year high of $41.20. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $29.37. The company’s market cap is $7.164 billion.
Linn Energy, LLC (NASDAQ:LINE) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.33. During the same quarter in the prior year, the company posted $0.45 earnings per share. Analysts expect that Linn Energy, LLC will post $0.98 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Thursday, November 14th. Investors of record on Monday, November 11th will be given a dividend of $0.24 per share. This represents a $2.90 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend is Wednesday, November 6th.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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