Inergy Midstream L Lowered to “Underperform” at Zacks (NRGM)
Inergy Midstream L (NASDAQ:NRGM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, Stock Ratings Network reports. They currently have a $20.70 target price on the stock. Zacks‘ price objective would indicate a potential downside of 4.83% from the stock’s previous close.
Shares of Inergy Midstream L (NASDAQ:NRGM) traded up 0.51% on Wednesday, hitting $21.86. 717,786 shares of the company’s stock traded hands. Inergy Midstream L has a one year low of $21.03 and a one year high of $26.01. The stock has a 50-day moving average of $23.55 and a 200-day moving average of $23.52. The company has a market cap of $1.878 billion and a P/E ratio of 120.17.
Inergy Midstream L (NASDAQ:NRGM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.14. The company had revenue of $70.50 million for the quarter, compared to the consensus estimate of $68.24 million. Analysts expect that Inergy Midstream L will post $0.28 EPS for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Inergy Midstream L (NASDAQ:NRGM) from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 15th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Inergy Midstream L presently has an average rating of “Hold” and a consensus target price of $24.93.
Inergy Midstream, L.P., formerly Inergy Midstream, LLC, is a limited partnership formed by Inergy, L.
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