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Regency Energy Partners (NYSE:RGP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday. They currently have a $30.00 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 4.91% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Regency Energy Partners in a research note on Monday, June 23rd. 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.00.

Regency Energy Partners (NYSE:RGP) traded up 0.95% on Wednesday, hitting $31.85. 318,975 shares of the company’s stock traded hands. Regency Energy Partners has a 52-week low of $23.86 and a 52-week high of $32.30. The stock’s 50-day moving average is $29.53 and its 200-day moving average is $27.55. The company has a market cap of $11.356 billion and a P/E ratio of 150.24.

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).

To view Zacks’ full report, visit Zacks’ official website.

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