Seeking Alpha

Linn Energy (LINE) is initiated with a Buy rating and $42 target at Ladenburg Thalmann, which...

Linn Energy (LINE) is initiated with a Buy rating and $42 target at Ladenburg Thalmann, which says LINE's current $2.90/unit annual distribution implies a 7.8% yield. The firm believes LINE is well positioned to increase its distribution over the next couple of years, with an estimated distributable cash flow coverage ratio of 1.2x during H2 2012 and 1.3x in 2013-14.
Comments (3)
  • (LINE) our fav in a not great sector currently.
    28 Jun 2012, 10:48 AM Reply Like
  • I'm just curious.

     

    Do holders of this stock care about the target price (within reason)?

     

    Will the share price simply be a function of increased dividends?
    28 Jun 2012, 12:43 PM Reply Like
  • Line has hedged their nat gas through 2017. If nat gas stays low, they should fair well. If nat gas creeps upward, there may be downward pressure on the stock price.
    28 Jun 2012, 03:13 PM Reply Like
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