Regency Energy Partners Downgraded by Zacks to Underperform (RGP)
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).
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