Company shares of breitburn energy partners lp (nasdaq_bbep) drops by -18.98% _ street edition

Breitburn Energy Partners LP (NASDAQ:BBEP) witnessed a decline in the market cap on Friday as its shares dropped 5.79% or 0.0498 points. After the session commenced at $0.89, the stock reached the higher end at $0.93 while it hit a low of $0.81. With the volume soaring to 2,321,956 shares, the last trade was called at $0.8102. The company has a 52-week high of $6.87. The company has a market cap of $173 million and there are 213,670,120 shares in outstanding. The 52-week low of the share price is $0.46. The company shares have dropped 86.98% in the past 52 Weeks. On May 5, 2015 The shares registered one year high of $6.87 and one year low was seen on January 20, 2016 at $0.46. The 50-day moving average is $0.69 and the 200 day moving average is recorded at $1.48. S&P 500 has rallied 2.61% during the last 52-weeks.

Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, Moroney Gregory J, director of Breitburn Energy Partners Lp, unloaded 7,000 shares at an average price of $6.41 on May 7, 2015. The total amount of the transaction was worth $44,870, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.48% of Breitburn Energy Partners LP shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 8.7% . Institutional Investors own 6.71% of Breitburn Energy Partners LP shares. During last six month period, the net percent change held by insiders has seen a change of 33.1%.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Wells Fargo downgrades its ratings on Breitburn Energy Partners LP (NASDAQ:BBEP). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on February 18, 2016.

Breitburn Energy Partners L. P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil, NGL and natural gas properties in the United States. Its assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in seven producing areas, which include Ark-La-Tex (Arkansas, Louisiana and East Texas); 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. Its 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. The Companys total estimated proved reserves were approximately 315.3 MMBoe, of which approximately 55% was oil, over 8% was NGLs and approximately 37% was natural gas.

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