Stock Update (NASDAQ:LINE): Linn Energy LLC and LinnCo LLC Announce Monthly Distribution and Dividend


Linn Energy LLC (NASDAQ:LINE) and LinnCo LLC (NASDAQ:LNCO) announced monthly distributions and dividends, respectively.

LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable July 16, 2015, to unitholders of record as of the close of business on July 13, 2015.

LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable July 17, 2015, to shareholders of record as of the close of business on July 13, 2015. (Original Source)

Shares of Linn Energy opened today at $8.95. LINE has a 1-year high of $32.74 and a 1-year low of $8.58. The stock’s 50-day moving average is $10.74 and its 200-day moving average is $11.23.

On the ratings front, Linn Energy has been the subject of a number of recent research reports. In a report issued on May 18, Goldman Sachs analyst Theodore Durbin assigned a Sell rating on LINE. Separately, on March 30, UBS’s Shneur Gershuni downgraded the stock to Sell .

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Theodore Durbin and Shneur Gershuni have a total average return of 11.2% and -3.9% respectively. Durbin has a success rate of 61.8% and is ranked #808 out of 3683 analysts, while Gershuni has a success rate of 57.1% and is ranked #3210.

Linn Energy LLC is an independent oil and natural gas company. The Company’s properties are located in United States in Rockies, Hugoton Basin, California, East Texas and north Louisiana, Mid-Continent, Permian Basin, Michigan/Illinois and South Texas.