Regency Energy Partners (RGP) Scheduled to Post Quarterly Earnings on Wednesday
Regency Energy Partners (NYSE:RGP) will announce its Q1 earnings results on Wednesday, May 7th. Investors interested in participating in the company’s conference call can do so using this link.
Regency Energy Partners (NYSE:RGP) last announced its earnings results on Wednesday, February 19th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.12. On average, analysts expect Regency Energy Partners to post $0.51 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Regency Energy Partners (NYSE:RGP) opened at 27.45 on Tuesday. Regency Energy Partners has a one year low of $23.70 and a one year high of $29.52. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $26.16. The company has a market cap of $5.899 billion and a price-to-earnings ratio of 162.18.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Tuesday, May 6th. This is an increase from Regency Energy Partners’s previous quarterly dividend of $0.48.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Regency Energy Partners from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $30.00 price target on the stock, up previously from $29.00. On a related note, analysts at BofA Merrill Lynch upgraded shares of Regency Energy Partners from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $30.00 price target on the stock, up previously from $29.00. Finally, analysts at Deutsche Bank initiated coverage on shares of Regency Energy Partners in a research note on Friday, March 7th. They set a “hold” rating and a $29.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.75.
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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