Crosstex Energy LP Reaches New 12-Month High at $29.50 (XTEX)
Crosstex Energy LP (NASDAQ:XTEX)’s share price reached a new 52-week high on Monday, AnalystRatingsNetwork reports. The company traded as high as $29.50 and last traded at $27.25, with a volume of 6,267,002 shares traded. The stock had previously closed at $20.35.
A number of research firms have recently commented on XTEX. Analysts at Oppenheimer initiated coverage on shares of Crosstex Energy LP in a research note to investors on Tuesday, September 3rd. They set a “market perform” rating on the stock. Analysts at Credit Suisse downgraded shares of Crosstex Energy LP from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They now have a $24.00 price target on the stock, down previously from $25.00. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Crosstex Energy LP currently has an average rating of “Hold” and an average price target of $20.83.
Crosstex Energy LP has a one year low of $13.06 and a one year high of $22.05. The stock has a 50-day moving average of $19.51 and a 200-day moving average of $19.84. The company’s market cap is $2.408 billion.
Crosstex Energy LP (NASDAQ:XTEX) last announced its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.07. The company had revenue of $454.60 million for the quarter, compared to the consensus estimate of $435.03 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 12th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Monday, October 28th. This is a positive change from Crosstex Energy LP’s previous quarterly dividend of $0.33.
Crosstex Energy, L.P. is an independent midstream energy company engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NASDAQ:XTEX).
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