Will Linn Energy, LLC (NASDAQ:LINE) Beat Analyst Estimates?

Petroleo Brasileiro S.A. – Petrobras (PBR-A) is trading at $6.260, with a weekly performance of 0.160%. The 50-day moving average is $8.15 and the 200 day moving average is recorded at $10.87.

LinnCo was also hit by lowering oil prices and the company reported disappointing 2015 second-quarter earnings results. The basis for this estimate uses the average of the earnings per share numbers that the covering sell-side analysts provide.

Shares of LinnCo (NASDAQ:LNCO) traded down 11.56% throughout trading on Thursday, striking $3.90. They now have a $5.00 price target on the stock, down previously from $15.00. The 52-week high of Linn Energy, LLC (NASDAQ:LINE) is $31.8 and the 52-week low is $4. RBC analysts also lowered their price target for Linn Energy to $5 from $15.

Stifel Nicolaus reiterated their Buy stance on the same day, and decreased their price target from $15 to $7. The company presently has a consensus rating of Hold and an average cost target of $9.36. The company has a market cap of $1,957 million and the number of outstanding shares has been calculated to be 355,247,000 shares. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The overall volume in the last trading session was 2.39 million shares. Raymond James downgraded Linn Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday.

Credit Suisse cut shares of LinnCo (NASDAQ:LNCO) from a neutral rating to an underperform rating in a research report sent to investors on Friday, TheFlyOnTheWall.com reports. The ex-dividend date was Thursday, July 9th. Linn Energy lost 83% of its stock value since start of the year, partially due to the global oil price decline.

7/31/2015 – Linn Energy was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating.

In other news, CAO David B. Rottino sold 22,164 shares of Linn Energy stock in a transaction on Monday, May 4th.

Linn Energy, LLC has a broker recommendation of 2.7. LINN Energy is engaged in getting maximizing and developing cash flow from an increasing portfolio of long life petroleum and natural gas assets. Company’s proved reserves at December 31, 2013, were approximately 6,403 Bcfe, of which approximately 34% were oil, 47% were natural gas and 19% were natural gas liquids (NASDAQ:LINE).

Netflix, Inc. (NFLX) of the Services sector (CATV Systems) is up 0.68% already this morning, a change from open of 0.29%. On July 31, 2012, the Company completed the acquisition of certain oil and natural gas properties in the Jonah Field located in the Green River Basin of southwest Wyoming from BP America Production Company (BP).