Share on StockTwits

Regency Energy Partners (NYSE:RGP)’s share price hit a new 52-week high during mid-day trading on Thursday , Stock Ratings Network.com reports. The stock traded as high as $31.89 and last traded at $31.72, with a volume of 335,059 shares changing hands. The stock had previously closed at $31.41.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Regency Energy Partners in a research note on Monday. They now have a $35.00 price target on the stock, up previously from $33.00. Separately, analysts at Credit Suisse raised their price target on shares of Regency Energy Partners from $30.00 to $32.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at Bank of America upgraded shares of Regency Energy Partners from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $30.00 price target on the stock, up previously from $29.00. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.43.

The stock’s 50-day moving average is $28.63 and its 200-day moving average is $27.0. The company has a market cap of $11.356 billion and a price-to-earnings ratio of 149.57.

Regency Energy Partners LP (NYSE:RGP) is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.