Lehigh Gas Partners (LGP) Plans Dividend of $0.52
Lehigh Gas Partners (NYSE:LGP) declared a dividend on Wednesday, August 6th, Analyst Ratings Net reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.5225 per share on Thursday, August 28th. The ex-dividend date of this dividend is Thursday, August 14th.
On a related note, analysts at Robert W. Baird cut their price target on shares of Lehigh Gas Partners from $31.00 to $30.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.75.
Shares of Lehigh Gas Partners (NYSE:LGP) opened at 34.00 on Friday. Lehigh Gas Partners has a one year low of $25.50 and a one year high of $34.77. The stock’s 50-day moving average is $26.70 and its 200-day moving average is $26.91. The company has a market cap of $636.4 million and a P/E ratio of 26.81.
Lehigh Gas Partners (NYSE:LGP) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $767.20 million for the quarter, compared to the consensus estimate of $619.48 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, analysts predict that Lehigh Gas Partners will post $1.06 earnings per share for the current fiscal year.
Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels.
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