Northern Tier Energy Given Hold Rating at JPMorgan Chase & Co. (NTI)
Northern Tier Energy (NYSE:NTi)‘s stock had its “hold” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, ARN reports. They currently have a $29.00 target price on the stock, up from their previous target price of $25.00. JPMorgan Chase & Co.’s price objective points to a potential upside of 2.15% from the company’s current price.
A number of other firms have also recently commented on NTI. Analysts at Barclays initiated coverage on shares of Northern Tier Energy in a research note on Thursday, March 6th. They set an “overweight” rating and a $37.00 price target on the stock. Analysts at Zacks downgraded shares of Northern Tier Energy from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $28.80 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.97.
Shares of Northern Tier Energy (NYSE:NTI) traded up 0.53% on Tuesday, hitting $28.39. 1,512,902 shares of the company’s stock traded hands. Northern Tier Energy has a 1-year low of $17.83 and a 1-year high of $28.95. The stock has a 50-day moving average of $26.36 and a 200-day moving average of $25.14. The company has a market cap of $2.621 billion and a P/E ratio of 11.26.
Northern Tier Energy (NYSE:NTi) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that Northern Tier Energy will post $4.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 10.85%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from Northern Tier Energy’s previous quarterly dividend of $0.41.
Northern Tier Energy LP, formerly Northern Tier Energy, Inc, is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.
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