NEW YORK (TheStreet) -- Shares of BreitBurn Energy Partners (BBEP) are up 6.19% to $7.76 in late morning trading today as oil prices rise.

West Texas Intermediate rose 0.46% to $49.82 at 11:19 a.m. in New York. Brent moved higher by 2.46% to $61.67.

Oil prices gained Tuesday on concerns about violence in Libya and expectations that crude-oil stockpile builds could be slowing, the Wall Street Journal reports.

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Reported airstrikes in Libya have led to speculation that the country could stop exporting oil, which could ease a global supply glut that has weighed on the industry.

Traders and investors are also waiting for U.S. inventory data for last week, due out tomorrow.

Commodity and energy markets research firm Genscape said yesterday that crude stocks at Cushing, OK, delivery point of the contract, rose by 1.4 million barrels last week, less than the 2.4 million barrel increase the week before.

Other analysts agree that domestic supply may be slowing.

"The pace of Cushing builds may start to ease in the coming weeks, making the key storage hub less likely to hit maximum capacity," Energy Aspects said, according the Journal.

Separately, the average recommendation of 14 brokers' estimates on the stock is a 2.8, with a 2 rating representing an "outperform" and a 3 a "hold," according to Reuters. The mean price target is $11.61.

TheStreet Ratings team rates BREITBURN ENERGY PARTNERS LP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BREITBURN ENERGY PARTNERS LP (BBEP) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally higher debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• BBEP's very impressive revenue growth greatly exceeded the industry average of 18.7%. Since the same quarter one year prior, revenues leaped by 153.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
• BREITBURN ENERGY PARTNERS LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, BREITBURN ENERGY PARTNERS LP continued to lose money by earning -$0.40 versus -$0.60 in the prior year. This year, the market expects an improvement in earnings ($0.22 versus -$0.40).
• BBEP's debt-to-equity ratio of 0.91 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that BBEP's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.56 is low and demonstrates weak liquidity.
• The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, BREITBURN ENERGY PARTNERS LP's return on equity significantly trails that of both the industry average and the S&P 500.
• You can view the full analysis from the report here: BBEP Ratings Report