MLV & Co Starts Stock Coverage on Linn Energy, LLC (LINE)

By admin | 6 years ago

Research analysts at MLV & Co began coverage on shares of Linn Energy, LLC (NASDAQ: LINE) in a report released on Tuesday. The firm set a “buy” rating and a $30.00 price target on the stock.

Linn Energy, LLC opened at 36.38 on Tuesday. Linn Energy, LLC has a 1-year low of $31.03 and a 1-year high of $41.13. The company has a market cap of $7.252 billion and a price-to-earnings ratio of 7.50.

Linn Energy, LLC last released its earnings data on Thursday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.15. Analysts expect that Linn Energy, LLC will post $0.53 EPS next quarter.

LINE has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Linn Energy, LLC in a research note to investors on Thursday, May 10th. They set an “outperform” rating and a $46.00 price target on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Linn Energy, LLC in a research note to investors on Tuesday, April 17th. They set an “accumulate” rating and a $39.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Linn Energy, LLC in a research note to investors on Wednesday, March 28th.

Linn Energy, LLC (LINN Energy) is an independent oil and natural gas company. The Company’s properties are located in the United States, primarily in the Mid-Continent, California and the Permian Basin.

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