NEW YORK (TheStreet) -- Linn Co (LNCO) shares are dropping, down 11.2% to $11.41 in trading on Wednesday, after analysts at Stifel Nicolas cut the oil and natural gas company's price target to $22 in an analyst note today.
The firm maintained the company's "buy" rating but lowered its price target from $33. Analysts at the firm believe that if oil prices maintain their current levels that the company will be active with acquisitions in 2015.
"With approximately $2.5 billion in liquidity, we believe the partnership could pursue approximately $1 billion in acquisitions without being forced to access the capital markets," analysts said.
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Linn Co shares have declined more than 40% since late November including a 14% drop on Monday.
TheStreet Ratings team rates LINNCO LLC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate LINNCO LLC (LNCO) a SELL. This is driven by some concerns, 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 disappointing return on equity and generally disappointing historical performance in the stock itself."