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Analysts Weigh In on Two Falling Energy Stocks: Breitburn Energy Partners LP (BBEP), Linn Energy LLC (LINE)


Shares of oil and gas production company Breitburn Energy Partners LP (NASDAQ:BBEP) and upstream energy company Linn Energy LLC (NASDAQ:LINE) have been under pressure, dropping 35% and 10.50%, respectively, in the last three days’ trading. Adding insult to injury, UBS and FBR Capital analysts slashed their price target for the stocks, while reiterating negative ratings.


Breitburn Energy Partners LP

In a research report released today, UBS analyst Shneur Gershuni reiterated a Sell rating on shares of BreitBurn, while reducing the price target to $1.50 (from $2.25), after the company announced that it has elected to suspend the distribution on its Common Units, effective immediately.

Gershuni noted, “BBEP has elected to suspend its $0.125/unit quarterly distribution due to continued uncertainty in the outlook for commodity prices. Management intends to reallocate the cash flow towards capex projects and debt...