Rentech Nitrogen Par (RNF) Announces Quarterly Earnings
Rentech Nitrogen Par (NYSE:RNF) issued its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, StockRatingsNetwork reports. The company had revenue of $56.30 million for the quarter, compared to the consensus estimate of $56.28 million.
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’s 50-day moving average is $17.7 and its 200-day moving average is $18.65. The company has a market cap of $626.9 million and a P/E ratio of 169.16.
A number of analysts have recently weighed in on RNF shares. 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 assigned a hold rating and three have assigned a buy rating to the stock. Rentech Nitrogen Par has an average rating of “Hold” and a consensus target price of $23.89.
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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