Rentech Nitrogen Par Hits New 52-Week Low at $23.47 (RNF)
Shares of Rentech Nitrogen Par (NYSE:RNF) hit a new 52-week low during trading hours on Friday, Stock Ratings Network.com reports. The company traded as low as $23.47 and last traded at $24.05, with a volume of 1,340,887 shares trading hands. The stock had previously closed at $29.32.
A number of analysts have recently weighed in on RNF shares. 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. Separately, 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 assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Rentech Nitrogen Par presently has an average rating of “Hold” and a consensus price target of $31.50.
Rentech Nitrogen Par has a 52-week low of $24.72 and a 52-week 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 $915.3 million and a P/E ratio of 12.67.
Rentech Nitrogen Par (NYSE:RNF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 70.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Tuesday, November 5th.
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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