NextEra (NEE) (LINE) (KEG) (LPI) (OAS) (TEN) Ratings, Price Targets

NextEra Energy, Inc. (NYSE: NEE), Linn Energy, LLC (NASDAQ: LINE), Key Energy (NYSE: KEG), Laredo Petroleum Holdings (NYSE: LPI), Oasis Petroleum Inc. (NYSE: OAS) and Tenneco Inc. (NYSE: TEN) ratings and price targets.

Wunderlich reiterated its “Buy” rating on Linn Energy, LLC (LINE). They have a price target of $44.00 on the company.

Canaccord Genuity reiterated its “Buy” rating on Key Energy (KEG).

Jefferies Group (NYSE:JEF) reiterated its “Hold” rating on NextEra Energy, Inc. (NEE).

Howard Weil initiated coverage on Laredo Petroleum Holdings (LPI). They placed an “Outperform” rating and a price target of $31.00 on the company.

Oasis Petroleum Inc. (OAS) had its price target raised by Wunderlich from $38.00 to $42.00. They have a “Buy” rating on the company.

Tenneco Inc. (TEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

LINN Energy's (Nasdaq:LINE) Hedge Strategy a Winner Says UBS (NYSE:UBS)

Citing their hedging strategy, UBS (NYSE:UBS) raised their price target on LINN Energy (Nasdaq:LINE) while maintaining their "Buy" rating on them.

"Signaling confidence in LINE’s operations and balance sheet strength as well as its ability to capitalize on growth initiatives, mgmt lifted the 3Q distribution -5%, to $0.66, its first increase since 1Q08. In addition, mgmt added to hedge positions and now estimates that -100% of planned natgas production is hedged through 2015, while planned oil production is hedged -100% through 2013 and 70% in 2014-15. We applaud the move to secure price protection and note oil hedges were added well above our forecasts. We also highlight LINE’s extensive use of put contracts," UBS said.

LINN closed Friday at $34.99, gaining $0.56, or 1.63 percent. They raised their price target from $36 to $38.

Concerning EPU for 2010, they cut that from $1.53 to $1.47.