Regency Energy Partners LP (RGP) to Release Quarterly Earnings on Wednesday
Regency Energy Partners LP (NYSE:RGP) will be announcing its Q313 earnings results on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $555.05 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
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. Regency Energy Partners LP’s revenue was up 25.0% compared to the same quarter last year. On average, analysts expect Regency Energy Partners LP to post $0.25 EPS for the current fiscal year and $0.54 EPS for the next fiscal year.
Regency Energy Partners LP (NYSE:RGP) opened at 24.93 on Tuesday. Regency Energy Partners LP has a 1-year low of $20.58 and a 1-year high of $29.52. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $26.90. The company’s market cap is $5.232 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Monday, November 4th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.54%. The ex-dividend date is Thursday, October 31st. This is an increase from Regency Energy Partners LP’s previous quarterly dividend of $0.47.
RGP has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of Regency Energy Partners LP from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday, October 23rd. They now have a $28.00 price target on the stock, down previously from $29.00. On a related note, analysts at Barclays cut their price target on shares of Regency Energy Partners LP from $30.00 to $29.00 in a research note to investors on Friday, October 11th. They now have an “equal weight” rating on the stock. Finally, analysts at Cowen and Company downgraded shares of Regency Energy Partners LP 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. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.13.
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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