NEW YORK (TheStreet) -- Shares of Linn Energy (LINE) are falling, down 7.45% to $15.29 in late morning trading Monday amid tumbling oil prices, following a lowered 2015 forecast for Brent crude by analysts at Morgan Stanley this morning, CNBC reports.
The firm cited oversupply, saying crude prices could fall to $53 per barrel in 2015, although its base case scenario was for $70, lower than its previous estimate of $98 per barrel.
Crude has declined by roughly 40% percent since June as Brent futures continue to decline, down 3.2% to $66.86 this morning -- its lowest level since October of 2009.
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Oil prices fell late last week after European Central Bank president Mario Draghi said the bank would leave its rates unchanged, Business Insider reported.
Also, the Organization of the Petroleum Exporting Countries said it will keep its output ceiling instead of cutting production to increase prices, Bloomberg reported.
OPEC's decision means that oil will remain oversupplied through the beginning of 2015, and prices could remain low for longer than expected, the Wall Street Journal reported.
Separately, TheStreet Ratings team rates LINN ENERGY LLC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LINN ENERGY LLC (LINE) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."