Share on StockTwits

Stock analysts at Raymond James increased their target price on shares of Lehigh Gas Partners (NYSE:LGP) from $33.00 to $40.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 13.31% from the company’s current price.

Separately, 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 analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $33.50.

Shares of Lehigh Gas Partners (NYSE:LGP) opened at 35.30 on Friday. Lehigh Gas Partners has a 52-week low of $25.50 and a 52-week high of $35.49. The stock has a 50-day moving average of $26.9 and a 200-day moving average of $26.97. The company has a market cap of $660.8 million and a P/E ratio of 35.09.

Lehigh Gas Partners (NYSE:LGP) last released its earnings data on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. On average, analysts predict that Lehigh Gas Partners will post $0.97 earnings per share for the current fiscal year.

The company also recently announced a dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.5225 per share. The ex-dividend date is Thursday, August 14th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.