Linn Energy, LLC Upgraded to Focus Stock by Howard Weil (LINE)

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Linn Energy, LLC (NASDAQ:LINE) was upgraded by equities researchers at Howard Weil from an “outperform” rating to a “focus stock” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 target price on the stock. Howard Weil’s target price suggests a potential upside of 6.76% from the company’s current price.

Linn Energy, LLC (NASDAQ:LINE) traded down 0.80% during mid-day trading on Wednesday, hitting $33.45. The stock had a trading volume of 2,109,763 shares. Linn Energy, LLC has a one year low of $20.35 and a one year high of $39.50. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $27.94. The company’s market cap is $7.867 billion.

Linn Energy, LLC (NASDAQ:LINE) last announced its earnings results on Monday, October 28th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.33. During the same quarter last 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.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Linn Energy, LLC from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $36.00 price target on the stock, up previously from $35.00. Separately, analysts at Zacks downgraded shares of Linn Energy, LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $34.90 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of Linn Energy, LLC from $37.00 to $35.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.85.

Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.

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