Niska Gas Storage Partners (NKA) Posts Quarterly Results
Niska Gas Storage Partners (NYSE:NKA) announced its earnings results on Thursday. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.33, AnalystRatingsNetwork.com reports. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $36.57 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.
Niska Gas Storage Partners (NYSE:NKA) opened at 15.07 on Thursday. Niska Gas Storage Partners has a 52 week low of $11.30 and a 52 week high of $17.00. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $14.74. The company’s market cap is $545.4 million.
A number of research firms have recently commented on NKA. Analysts at Zacks upgraded shares of Niska Gas Storage Partners from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $17.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Niska Gas Storage Partners from $16.00 to $13.00 in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.70.
Niska Gas Storage Partners LLC (NYSE:NKA) owns and operates natural gas storage assets.
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