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–Report on:(Nasdaq:LINE )
Linn Energy LLC (NASDAQ:LINE) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 27th. Analysts expect Linn Energy to post earnings of ($0.01) per share for the quarter.
Linn Energy (NASDAQ:LINE) last issued its earnings results on Tuesday, March 15th. The company reported ($7.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $7.19. The business earned $647 million during the quarter, compared to analysts’ expectations of $747.90 million. The company’s quarterly revenue was down 70.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) earnings per share. On average, analysts expect Linn Energy to post $0.1100 EPS for the current fiscal year and $-1.0000 EPS for the next fiscal year.
LINE has been the subject of several analyst reports. Wells Fargo lowered Linn Energy from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 18th. Zacks Investment Research raised Linn Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Saturday, January 30th. Ladenburg Thalmann lowered Linn Energy from a “neutral” rating to a “sell” rating in a research note on Friday, February 5th. Raymond James lowered Linn Energy from a “market perform” rating to an “underperform” rating in a research note on Friday, February 5th. Finally, Stifel Nicolaus lowered Linn Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 5th. Nine equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.12.
Shares of Linn Energy LLC (NASDAQ:LINE) traded up 14.6382% on Tuesday, reaching $0.3485. The company’s stock had a trading volume of 7,088,235 shares. Linn Energy LLC has a 12 month low of $0.26 and a 12 month high of $14.21. The firm’s 50-day moving average price is $0.59 and its 200-day moving average price is $1.33. The stock’s market cap is $123.73 million.
Linn Energy, LLC (NASDAQ:LINE) is an oil and natural gas company. The Company is focused on acquiring, developing and maximizing cash flow from a portfolio of oil and natural gas assets. 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.
Source: American Banking and Market News
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.
Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.