Regency Energy Partners LP Reaches New 12-Month High at $29.36 (RGP)
Regency Energy Partners LP (NYSE:RGP)’s share price reached a new 52-week high during trading hours on Tuesday, American Banking News reports. The company traded as high as $29.36 and last traded at $29.23, with a volume of 194,050 shares traded. The stock had previously closed at $28.60.
Several analysts have recently commented on the stock. Analysts at Cowen and Company downgraded shares of Regency Energy Partners LP (NYSE:RGP) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 12th. They now have a $51.00 price target on the stock, down previously from $58.00. Separately, analysts at UBS AG cut their EPS estimates on shares of Regency Energy Partners LP (NYSE:RGP) in a research note on Monday. They now have a $28.00 price target on the stock. Finally, analysts at Raymond James initiated coverage on shares of Regency Energy Partners LP (NYSE:RGP) in a research note to investors on Friday, July 26th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, Regency Energy Partners LP presently has an average rating of “Hold” and an average price target of $30.57.
Regency Energy Partners LP has a 1-year low of $20.58 and a 1-year high of $29.44. The stock’s 50-day moving average is $27.61 and its 200-day moving average is $26.73. The company’s market cap is $6.179 billion.
Regency Energy Partners LP (NYSE:RGP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $423.75 million. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Analysts expect that Regency Energy Partners LP will post $0.25 EPS for the current fiscal year.
Regency Energy Partners LP (NYSE:RGP) is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs).
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