Breitburn Energy Partners LP (NASDAQ:BBEP) Institutional Investors Quarterly Sentiment

September 27, 2017 - By Nellie Frank

Sentiment for Breitburn Energy Partners LP (NASDAQ:BBEP)

Breitburn Energy Partners LP (NASDAQ:BBEP) institutional sentiment increased to 1.5 in 2017 Q2. Its up 0.50, from 1 in 2017Q1. The ratio is better, as 3 active investment managers increased or started new equity positions, while 2 reduced and sold their positions in Breitburn Energy Partners LP. The active investment managers in our partner’s database now possess: 214,440 shares, up from 204,959 shares in 2017Q1. Also, the number of active investment managers holding Breitburn Energy Partners LP in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 0 Increased: 0 New Position: 3.

Breitburn Energy Partners LP is an independent gas and oil partnership focused on the acquisition, exploitation and development of oil, natural gas liquid and natural gas properties in the United States. The company has market cap of $10.49 million. The Company’s assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in approximately seven producing areas, which include Midwest (Michigan, Indiana and Kentucky); Ark-La-Tex (Arkansas, Louisiana and East Texas); Permian Basin in Texas and New Mexico; Mid-Continent (Oklahoma, Kansas and the Texas Panhandle); Rockies (Wyoming and Colorado); Southeast (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 firm and the 120-mile Transpetco Pipeline.

The stock decreased 6.12% or $0.0032 on September 26, reaching $0.049. About 508,015 shares traded. Breitburn Energy Partners LP (NASDAQ:BBEP) has 0.00% since September 27, 2016 and is . It has underperformed by 16.70% the S&P500.

Breitburn Energy Partners LP (OTCMKTS:BBEPQ) Ratings Coverage

Ratings analysis reveals 0 of Breitburn Energy’s analysts are positive. Out of 8 Wall Street analysts rating Breitburn Energy, 0 give it “Buy”, 4 “Sell” rating, while 4 recommend “Hold”. The lowest target is $0.50 while the high is $4. The stock’s average target of $1.71 is 3389.80% above today’s ($0.049) share price. BBEP was included in 16 notes of analysts from August 7, 2015. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. The stock of Breitburn Energy Partners LP (OTCMKTS:BBEPQ) earned “Underperform” rating by Wells Fargo on Thursday, February 18. On Monday, March 21 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Citigroup on Monday, September 14 with “Neutral”. On Tuesday, December 1 the stock rating was maintained by Wunderlich with “Hold”. Barclays Capital maintained it with “Equal Weight” rating and $2 target in Wednesday, September 30 report. UBS downgraded the stock to “Sell” rating in Wednesday, September 9 report. The company was maintained on Monday, October 12 by FBR Capital. The firm has “Hold” rating by Zacks given on Tuesday, August 11. The firm earned “Equal-Weight” rating on Friday, December 18 by Barclays Capital.

More notable recent Breitburn Energy Partners LP (OTCMKTS:BBEPQ) news were published by: Seekingalpha.com which released: “BreitBurn Energy Partners – Bankruptcy Review” on August 15, 2016, also Seekingalpha.com with their article: “BreitBurn Energy Partners: The Restructuring Case Drags On” published on April 18, 2017, Seekingalpha.com published: “Insight Into Breitburn Energy’s Proposed Reorganization Plan” on May 08, 2017. More interesting news about Breitburn Energy Partners LP (OTCMKTS:BBEPQ) were released by: Seekingalpha.com and their article: “Breitburn Energy: Don’t Get Burned” published on May 27, 2016 as well as Seekingalpha.com‘s news article titled: “Breitburn Energy Partners Bankruptcy Update” with publication date: August 01, 2016.

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