Northern Tier Energy Reaches New 12-Month Low at $18.51 (NTi)
Northern Tier Energy (NYSE:NTi)’s share price reached a new 52-week low on Wednesday, Analyst Ratings Network.com reports. The company traded as low as $18.51 and last traded at $18.53, with a volume of 1,559,286 shares traded. The stock had previously closed at $19.27.
A number of analysts have recently weighed in on NTI shares. Analysts at Zacks upgraded shares of Northern Tier Energy (NYSE:NTI) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $19.80 price target on the stock. Separately, analysts at Macquarie cut their price target on shares of Northern Tier Energy (NYSE:NTI) from $27.00 to $24.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Northern Tier Energy (NYSE:NTI) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. They now have a $27.00 price target on the stock, down previously from $30.00.
Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.54.
Northern Tier Energy has a 1-year low of $18.64 and a 1-year high of $33.24. The stock has a 50-day moving average of $22.63 and a 200-day moving average of $25.49. The company has a market cap of $1.709 billion and a price-to-earnings ratio of 6.87.
Northern Tier Energy (NYSE:NTi) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.12. The company had revenue of $1.13 million for the quarter, compared to the consensus estimate of $757.90 million. On average, analysts predict that Northern Tier Energy will post $3.14 earnings per share for the current fiscal year.
Northern Tier Energy LP, formerly Northern Tier Energy, Inc, is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.
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