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Niska Gas Storage (NYSE:NKA) shares rose 5.1% during mid-day trading on Friday following a dividend announcement from the company, AnalystRatingsNetwork.com reports. The stock traded as high as $13.93 and last traded at $13.65, with a volume of 403,891 shares changing hands. The stock had previously closed at $12.99.

The newly announced dividend is scheduled for Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 15th.

NKA has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Niska Gas Storage from a “neutral” rating to a “sell” rating in a research note on Friday. Separately, analysts at Zacks downgraded shares of Niska Gas Storage from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $14.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Niska Gas Storage from a “sell” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $14.50 price target on the stock, up previously from $13.00. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.50.

The stock’s 50-day moving average is $15.0 and its 200-day moving average is $14.84. The company’s market cap is $483.6 million.

Niska Gas Storage (NYSE:NKA) last released its earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.76. The company had revenue of $87.50 million for the quarter, compared to the consensus estimate of $78.30 million. The company’s revenue for the quarter was up 94.0% on a year-over-year basis. On average, analysts predict that Niska Gas Storage will post $0.75 earnings per share for the current fiscal year.

Niska Gas Storage Partners LLC is an independent owner and operator of natural gas storage assets in North America.

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