Northern Tier Energy Upgraded to “Neutral” by Zacks (NTI)
Northern Tier Energy (NYSE:NTi) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a $19.80 price objective on the stock. Zacks‘ target price points to a potential upside of 2.75% from the company’s current price.
A number of other firms have also recently commented on NTI. 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. Separately, 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 assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.54.
Shares of Northern Tier Energy (NYSE:NTI) traded down 3.58% during mid-day trading on Wednesday, hitting $18.58. The stock had a trading volume of 2,022,154 shares. Northern Tier Energy has a 52 week low of $18.64 and a 52 week high of $33.24. The stock’s 50-day moving average is $22.63 and its 200-day moving average is $25.49. The company has a market cap of $1.711 billion and a P/E ratio of 6.87.
Northern Tier Energy (NYSE:NTi) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters 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 $3.08 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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