NEW YORK (TheStreet) -- LinnCo (LNCO) shares are down $13.6% to $9.53 in early market trading on Monday as the oil and natural gas properties developer has continued to receive analyst downgrades in the weeks since its November earnings beat.
The company currently has an average rating of "hold" from eight different firms, according to AnalystsRatingsNetwork.
Falling oil prices are fueling the recent investor sell off with the stock falling 9.9% in trading during the last session, while it is currently down 61% year to date. Fears of low current quarter revenue due to multi-year lows in oil prices has hurt oil stocks in recent weeks.
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Despite the downgraded, outlooks the company still has an average price target of $29.99, representing a potential upside of 214% from the stock's current price. LinnCo's 52-week low of $10.68 may be in jeopardy of falling today if the stock does not recover.
The company reported impressive quarterly earnings of $1.10 per share when it released its financial results on November 19. Analysts on average were expecting the company to earn 49 cents per share during the period.
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: