Breitburn Energy Partners LP (NASDAQ:BBEP) has been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.65.
Several equities research analysts recently commented on BBEP shares. Zacks Investment Research raised shares of Breitburn Energy Partners from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a report on Monday, October 26th. Barclays cut their price target on shares of Breitburn Energy Partners from $5.00 to $2.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Wunderlich lowered their target price on shares of Breitburn Energy Partners from $4.00 to $2.00 and set a “hold” rating on the stock in a research note on Tuesday, December 1st. FBR & Co. lowered their target price on shares of Breitburn Energy Partners from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. Finally, Citigroup Inc. lowered their target price on shares of Breitburn Energy Partners from $6.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, September 14th.
Shares of Breitburn Energy Partners (NASDAQ:BBEP) traded up 8.9864% during midday trading on Monday, hitting $0.7301. 477,245 shares of the stock traded hands. The stock’s market cap is $154.70 million. Breitburn Energy Partners has a 12-month low of $0.47 and a 12-month high of $9.40. The company’s 50 day moving average price is $1.27 and its 200-day moving average price is $2.63.
Breitburn Energy Partners (NASDAQ:BBEP) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.01 by $0.62. During the same period in the previous year, the firm posted $1.03 EPS. The company earned $253 million during the quarter, compared to analysts’ expectations of $342.06 million. Breitburn Energy Partners’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Breitburn Energy Partners will post ($0.26) EPS for the current year.
Breitburn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil, NGL and natural gas properties in the United States. Its assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in seven producing areas, which include Ark-La-Tex (NASDAQ:BBEP); Michigan, Indiana and Kentucky (MI/IN/KY); Permian Basin in Texas and New Mexico; Mid-Continent (Oklahoma, Kansas and the Texas Panhandle);Rockies (Wyoming); Florida (and Alabama) and California. Its midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal company, a 51-mile oil pipeline in Oklahoma and the 120-mile Transpetco Pipeline. The Company’s total estimated proved reserves were approximately 315.3 MMBoe, of which approximately 55% was oil, over 8% was NGLs and approximately 37% was natural gas.