Market Overview

UPDATE: J.P. Morgan Initiates Linn Energy LLC with Overweight Rating on Growth Through Acquisitions

Related LINE
Unleash The Bulls: Surge In September Hiring Data Jolts Markets Higher
US Stock Futures Surge; All Eyes On Jobs Data

In a report published Wednesday, J.P. Morgan initiated coverage on Linn Energy LLC (NASDAQ: LINE) with an Overweight rating and $43.00 price target.

J.P. Morgan noted, “LINE's primary growth strategy is to acquire and exploit oil and natural gas assets by completing accretive deals focusing on long-lived properties with well understood geologic features and relatively predictable production profiles. LINE's advantaged cost of capital and acquisition experience place the company in a strong position to competitively bid and acquire attractive properties that grow the reserve base and production levels, while creating value for LINE's shareholders. Linn's success in quickly integrating and enhancing production of acquired assets has driven an 81% increase in the distribution run-rate since its 2006 IPO.”

Linn Energy LLC closed on Tuesday at $36.41.

Latest Ratings for LINE

DateFirmActionFromTo
Nov 2014CitigroupMaintainsNeutral
Nov 2014Credit SuisseDowngradesOutperformNeutral
Nov 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for LINE
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Initiation Analyst Ratings

 

Related Articles (LINE)

Around the Web, We're Loving...

Get Benzinga's Newsletters