Rentech Nitrogen Par Declares Quarterly Dividend of $0.08 (RNF)
Rentech Nitrogen Par (NYSE:RNF) announced a quarterly dividend on Tuesday, May 13th, ARN reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.08 per share on Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.99%.
A number of research firms have recently commented on RNF. Analysts at RBC Capital cut their price target on shares of Rentech Nitrogen Par from $20.00 to $19.00 in a research note on Wednesday, April 2nd. Analysts at Cowen and Company upgraded shares of Rentech Nitrogen Par from an “underperform” rating to a “market perform” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Rentech Nitrogen Par presently has a consensus rating of “Hold” and a consensus target price of $23.89.
Shares of Rentech Nitrogen Par (NYSE:RNF) opened at 16.12 on Tuesday. Rentech Nitrogen Par has a 52-week low of $15.62 and a 52-week high of $34.15. The stock has a 50-day moving average of $17.7 and a 200-day moving average of $18.65. The company has a market cap of $626.9 million and a price-to-earnings ratio of 169.16.
Rentech Nitrogen Par (NYSE:RNF) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $56.30 million for the quarter, compared to the consensus estimate of $56.28 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts predict that Rentech Nitrogen Par will post $1.87 earnings per share for the current fiscal year.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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