Rentech Nitrogen Par Plans Quarterly Dividend of $0.27 (RNF)
Rentech Nitrogen Par (NYSE:RNF) announced a quarterly dividend on Thursday, October 24th, AnalystRatings.Net reports. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.27 per share on Thursday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 3.68%.
A number of research firms have recently commented on RNF. Analysts at Credit Suisse initiated coverage on shares of Rentech Nitrogen Par in a research note to investors on Tuesday, October 1st. They set a “neutral” rating and a $27.00 price target on the stock. On the ratings front, analysts at RBC Capital cut their price target on shares of Rentech Nitrogen Par from $34.00 to $28.00 in a research note to investors on Tuesday, August 20th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks downgraded shares of Rentech Nitrogen Par from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $27.50 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Rentech Nitrogen Par currently has a consensus rating of “Hold” and an average price target of $31.50.
Shares of Rentech Nitrogen Par (NYSE:RNF) traded up 0.62% on Thursday, hitting $29.32. The stock had a trading volume of 74,610 shares. Rentech Nitrogen Par has a 1-year low of $24.72 and a 1-year high of $49.18. The stock’s 50-day moving average is $27.72 and its 200-day moving average is $31.79. The company has a market cap of $1.139 billion and a P/E ratio of 12.59.
Rentech Nitrogen Par (NYSE:RNF) last announced its earnings results on Thursday, August 8th. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.13. The company had revenue of $104.00 million for the quarter, compared to the consensus estimate of $142.12 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 70.0% on a year-over-year basis.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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