Linn Energy Stock Falls On Unusually High Volume (LINE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Linn Energy (Nasdaq: LINE) is trading at unusually high volume Friday with three million shares changing hands. It is currently at two times its average daily volume and trading down $1.60 (-4.3%) at $35.73 as of 2:10 p.m. ET.

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Linn Energy has a market cap of $8.62 billion and is part of the basic materials sector and energy industry. Shares are up 4.3% year to date as of the close of trading on Thursday.

Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and gas properties. The company's properties are primarily located in the Mid-Continent, the Permian Basin, Michigan, California, and the Williston Basin in the United States.

TheStreet Ratings rates Linn Energy as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Linn Energy Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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