Sentiment for Breitburn Energy Partners LP (NASDAQ:BBEP)
Breitburn Energy Partners LP (NASDAQ:BBEP) institutional sentiment increased to 0.78 in 2015 Q3. Its up 0.01, from 0.77 in 2015Q2. The ratio increased, as 40 institutional investors increased or opened new equity positions, while 51 sold and reduced equity positions in Breitburn Energy Partners LP. The institutional investors in our partner’s database now hold: 13.91 million shares, up from 13.57 million shares in 2015Q2. Also, the number of institutional investors holding Breitburn Energy Partners LP in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 19 Reduced: 32 Increased: 29 New Position: 11.
Breitburn Energy Partners L.P. is an independent gas and oil partnership focused on the acquisition, exploitation and development of oil, NGL and natural gas properties in the United States. The company has a market cap of $120.99 million. The Company’s assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in seven producing areas, which include Ark-La-Tex ; 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. It currently has negative earnings. The Company’s 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.
About 119,694 shares traded hands. Breitburn Energy Partners LP (NASDAQ:BBEP) has declined 82.19% since July 27, 2015 and is downtrending. It has underperformed by 77.87% the S&P500.
According to Zacks Investment Research, “BreitBurn Energy Partners L.P. is an independent oil and gas master limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties in the United States. The Company’s producing and non-producing crude oil and natural gas reserves are located primarily in Michigan, Oklahoma, Texas, Wyoming, California, Florida, Indiana and Kentucky. BreitBurn Energy Partners L.P. is headquartered in Los Angeles, California.”
Sfe Investment Counsel holds 5.33% of its portfolio in Breitburn Energy Partners LP for 413,714 shares. Akanthos Capital Management Llc owns 1.60 million shares or 4.92% of their US portfolio. Moreover, Lansdowne Partners Austria Gmbh has 1.18% invested in the company for 13,134 shares. The Maryland-based Arrow Investment Advisors Llc has invested 0.13% in the stock. Corecommodity Management Llc, a Connecticut-based fund reported 63,794 shares.#img1#
Ratings analysis reveals 7% of Breitburn Energy’s analysts are positive. Out of 9 Wall Street analysts rating Breitburn Energy, 1 give it “Buy”, 3 “Sell” rating, while 10 recommend “Hold”. The lowest target is $0.25 while the high is $10. The stock’s average target of $2.31 is 232.76% above today’s ($0.58) share price. BBEP was included in 15 notes of analysts from August 7, 2015. Wells Fargo downgraded the shares of Breitburn Energy in a note on February 18 to “Underperform” rating. RBC Capital Markets maintained BBEP’s stock on an August 7. RBC Capital Markets has “Sector Perform” rating and $4 PR. Wunderlich maintained Breitburn Energy’s stock on December 1 with “Hold” rating. Finally, Citigroup maintained the shares of Breitburn Energy with “Neutral” rating in a September 14 note.
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