Niska Gas Storage Downgraded to Sell at Goldman Sachs (NKA)
Niska Gas Storage (NYSE:NKA) was downgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on NKA. 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. Separately, 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. Finally, analysts at Barclays downgraded shares of Niska Gas Storage from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 10th. They now have a $15.00 price target on the stock, down previously from $17.00. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.25.
Shares of Niska Gas Storage (NYSE:NKA) traded up 5.54% during mid-day trading on Friday, hitting $13.71. 673,857 shares of the company’s stock traded hands. Niska Gas Storage has a one year low of $11.30 and a one year high of $17.00. The stock has a 50-day moving average of $15.05 and a 200-day moving average of $14.82. The company’s market cap is $484.0 million.
Niska Gas Storage (NYSE:NKA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 94.0% on a year-over-year basis. On average, analysts predict that Niska Gas Storage will post $0.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.21%. The ex-dividend date is Thursday, May 15th.
Niska Gas Storage Partners LLC is an independent owner and operator of natural gas storage assets in North America.
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