NEW YORK (TheStreet) -- Shares of Linn Energy LLC (LINE) are down by 5.64% to $12.78 on heavy volume in early afternoon trading on Thursday, as some energy stocks start to slump following the decline in oil prices.
Crude for January delivery is down by 1.10% to $55.85 per barrel on the NYMEX, following a rally after oil hit a five year low of $58.50 per barrel earlier this week, Reuters reports.
Earlier today oil continued to gain, in part, due to yesterday's data release from the Energy Information Administration which showed a decline in crude inventories by 800,000 barrels.
Other energy stocks down today include BreitBurn Energy (BBEP) , lower by 5.04% to $7.73, Magnum Hunter Resources (MHR) , falling by 5.01% to $3.22, and EV Energy Partners (EVEP) , retreating by 3.46% to $23.17 this afternoon.
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 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 generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."