Barclays Maintains an 'Equalweight' on BreitBurn Energy Partners (BBEP); Revising Estimates
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Price: $0.13 --0%
Rating Summary:
4 Buy, 8 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 8 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on BreitBurn Energy Partners (NASDAQ: BBEP) price target of $23.00.
Analyst, Jeffrey W. Robertson, said, "A planned increase in California oil drilling coupled with the contribution from the pending Wyoming and Permian Basin acquisitions could support steady distribution increases through 2012, in our view."
"We are revising our FY12 EBITDA per unit estimate to $4.45 from $4.25 and maintaining our DCF per unit estimate of $2.55. We are revising our FY13 EBITDA and DCF per unit estimates to $4.35 and $2.35 from $3.55 and $1.90, respectively. We are revising FY14 EBITDA and DCF per unit estimates to $4.05 and $2.10 from $3.20 and $1.55, respectively."
For an analyst ratings summary and ratings history on BreitBurn Energy Partners click here. For more ratings news on BreitBurn Energy Partners click here.
Shares of BreitBurn Energy Partners closed at $17.11 yesterday.
Analyst, Jeffrey W. Robertson, said, "A planned increase in California oil drilling coupled with the contribution from the pending Wyoming and Permian Basin acquisitions could support steady distribution increases through 2012, in our view."
"We are revising our FY12 EBITDA per unit estimate to $4.45 from $4.25 and maintaining our DCF per unit estimate of $2.55. We are revising our FY13 EBITDA and DCF per unit estimates to $4.35 and $2.35 from $3.55 and $1.90, respectively. We are revising FY14 EBITDA and DCF per unit estimates to $4.05 and $2.10 from $3.20 and $1.55, respectively."
For an analyst ratings summary and ratings history on BreitBurn Energy Partners click here. For more ratings news on BreitBurn Energy Partners click here.
Shares of BreitBurn Energy Partners closed at $17.11 yesterday.
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