Linn Energy Llc (NASDAQ:LINE): FBR Capital Sticks With Underperform Rating Today, Has a Target of $1.50/Share


Linn Energy Llc (NASDAQ:LINE) Rating Reaffirmed

The investment house has just set a target PPS of $1.50 on Linn Energy Llc (NASDAQ:LINE) shares. This is -24.62% from the current price. In an analyst note sent to investors and clients on 1 December, FBR Capital has decided to restate their Underperform rating on shares of LINE.

From a total of 10 analysts covering Linn Energy Llc (NASDAQ:LINE) stock, 0 rate it a ”Buy”, 5 a “Sell”, and 8 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $5 while the lowest target price is $1. The mean of all analyst targets is $2.88 with a 104.52% above today’s ($1.99) stock price. Linn Energy Llc was the topic of 11 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. FBR Capital downgraded shares on October 12 to “Underperform” rating. Credit Suisse downgraded shares to “Underperform” rating and $5 target share price in a report from a July 31. Barclays Capital maintained LINE stock in a recent report from September 30 with “Equal-Weight” rating. Finally, JP Morgan downgraded the stock to “Underweight” rating in a report issued on a July 31.

Approximately 667,039 shares of stock traded hands. Linn Energy LLC (NASDAQ:LINE) has declined 84.99% since April 28, 2015 and is downtrending. It has underperformed by 83.36% the S&P500.

Linn Energy, LLC is an oil and natural gas company. The company has a market cap of $708.80 million. The Firm is focused on acquiring, developing and maximizing cash flow from a portfolio of oil and natural gas assets. It currently has negative earnings. The Company’s properties are located in the United States, in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana (TexLa), the Mid-Continent, the Permian Basin, Michigan/Illinois and south Texas.

According to Zacks Investment Research, “Linn Energy, LLC is an independent oil and gas company focused on the development and acquisition of long-lived properties which complement its asset profile in producing basins within the United States. Its goal is to provide stability and growth in distributions to our unitholders through a combination of continued successful drilling and acquisitions.” Get a free copy of the Zacks research report on Linn Energy LLC (LINE)