Regency Energy Partners Reaches New 52-Week High at $31.89 (RGP)
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).
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