Linn (LINE) (EVEP) (KOS) (LGCY) (LRE) (MMR) (QRE) Ratings Initiations

Linn Energy, LLC (LINE), EV Energy (EVEP), Kosmos Energy Ltd (KOS), Legacy Reserves (LGCY), Lrr Energy L.P. (LRE), McMoRan Exploration (MMR) and QR Energy LP (QRE) had ratings on them initiated by analysts.

Stifel Nicolaus initiated coverage on EV Energy (EVEP). They placed a "Buy" rating and a price target of $85.00 on the company.

Guggenheim initiated coverage on Kosmos Energy Ltd (KOS). They placed a "Buy" rating on the company.

Stifel Nicolaus initiated coverage on Legacy Reserves (LGCY). They placed a "Buy" rating and a price target of $33.00 on the company.

Stifel Nicolaus initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating and a price target of $48.00 on the company.

Stifel Nicolaus initiated coverage on Lrr Energy L.P. (LRE). They placed a "Hold" rating on the company.

Guggenheim initiated coverage on McMoRan Exploration (MMR). They placed a "Buy" rating on the company.

Stifel Nicolaus initiated coverage on QR Energy LP (QRE). They placed a "Buy" rating and a price target of $23.00 on the company.

McMoRan Exploration (NYSE:MMR) Raised by Susquehanna

Susquehanna increased its price target on McMoRan Exploration (NYSE:MMR), citing acquisition of PXP's SWUD program.

"MMR's recent transaction to buy PXP’s share of its shallow water ultradeep (SWUD) program combined with likely encouraging news near term from ongoing SWUD drilling supports a materially higher MMR share price," Susquehanna said.

McMoRan closed Monday at $18.97, down $0.12, or 0.63 percent. Volume was almost double the daily 3-month average. Susquehanna raised their price target on them from $18 to $23, while maintaining a positive rating.

CapitalOne southcoast also raised their rating on McMoRan from "Neutral" to "Add."