Linn Energy Rises On Unusually High Volume (LINE)

NEW YORK ( TheStreet) -- Linn Energy (Nasdaq: LINE) is trading at unusually high volume Friday with 18.2 million shares changing hands. It is currently at 6.1 times its average daily volume and trading up 58 cents (+2.5%) at $23.37 as of 1:30 p.m. ET.

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Linn Energy has a market cap of $6.36 billion and is part of the basic materials sector and energy industry. Shares are down 23.2% year to date as of the close of trading on Wednesday.

Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties.

TheStreet Ratings rates Linn Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. 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.

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