Lehigh Gas Partners Plans Dividend of $0.51 (LGP)
Lehigh Gas Partners (NYSE:LGP) announced a dividend on Wednesday, May 7th, Analyst RN reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.5125 per share on Thursday, May 29th. The ex-dividend date is Thursday, May 15th.
A number of analysts have recently weighed in on LGP shares. Analysts at Ladenburg Thalmann initiated coverage on shares of Lehigh Gas Partners in a research note on Monday, April 7th. They set a “buy” rating and a $32.00 price target on the stock. Analysts at Zacks upgraded shares of Lehigh Gas Partners from an “underperform” rating to a “neutral” rating in a research note on Monday, February 17th. They now have a $27.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.13.
Shares of Lehigh Gas Partners (NYSE:LGP) opened at 26.72 on Friday. Lehigh Gas Partners has a 52 week low of $23.35 and a 52 week high of $29.18. The stock’s 50-day moving average is $26.66 and its 200-day moving average is $27.51. The company has a market cap of $497.6 million and a P/E ratio of 22.78.
Lehigh Gas Partners (NYSE:LGP) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.16. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $531.58 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts predict that Lehigh Gas Partners will post $1.18 earnings per share for the current fiscal year.
Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels.
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