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Northern Tier Energy (NYSE:NTi) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $24.30 price objective on the stock. Zacks‘s target price indicates a potential downside of 5.04% from the company’s current price.

Northern Tier Energy (NYSE:NTI) traded up 0.34% during mid-day trading on Tuesday, hitting $25.6768. 153,315 shares of the company’s stock traded hands. Northern Tier Energy has a 52 week low of $17.83 and a 52 week high of $29.60. The stock has a 50-day moving average of $25.89 and a 200-day moving average of $26.24. The company has a market cap of $2.381 billion and a P/E ratio of 13.38.

Northern Tier Energy (NYSE:NTi) last released its earnings data on Tuesday, August 5th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.08. The company had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.42 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis. Analysts expect that Northern Tier Energy will post $3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Thursday, August 14th.

NTI has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Northern Tier Energy from $37.00 to $34.00 in a research note on Wednesday, August 6th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Northern Tier Energy in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, down previously from $29.00. Finally, analysts at Macquarie downgraded shares of Northern Tier Energy from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Northern Tier Energy presently has an average rating of “Hold” and a consensus target price of $29.86.

Northern Tier Energy LP, formerly Northern Tier Energy, Inc is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.

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

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