MLV & Co Analysts Begin Coverage on Breitburn Energy (BBEP)

By admin | 6 years ago

Research analysts at MLV & Co began coverage on shares of Breitburn Energy (NASDAQ: BBEP) in a report released on Tuesday. The firm set a “buy” rating and a $20.00 price target on the stock.

Shares of Breitburn Energy opened at 16.82 on Tuesday. Breitburn Energy has a 52 week low of $15.00 and a 52 week high of $20.97. The company has a market cap of $1.163 billion and a P/E ratio of 6.94.

Breitburn Energy last announced its earnings results on Monday, May 7th. The company reported ($0.76) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $1.00. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Breitburn Energy will post $0.23 earnings per share next quarter.

A number of other firms have also recently commented on BBEP. Analysts at Citigroup (NYSE: C) raised their price target on shares of Breitburn Energy from $26.00 to $27.00 in a research note to investors on Monday, May 14th. Separately, analysts at Global Hunter Securities initiated coverage on shares of Breitburn Energy in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $22.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of Breitburn Energy in a research note to investors on Friday, March 30th.

BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States.

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