Northern Tier Energy Now Covered by JPMorgan Chase & Co. (NTI)
Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Northern Tier Energy (NYSE:NTi) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. 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.
Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.54.
Northern Tier Energy (NYSE:NTI) opened at 18.56 on Thursday. Northern Tier Energy has a one year low of $18.31 and a one year high of $33.24. The stock’s 50-day moving average is $22.44 and its 200-day moving average is $25.44. The company has a market cap of $1.709 billion and a price-to-earnings ratio of 6.62.
Northern Tier Energy (NYSE:NTi) last issued its quarterly earnings data 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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