Share on StockTwits

Lehigh Gas Partners (NYSE:LGP) shares reached a new 52-week high during mid-day trading on Monday , Stock Ratings reports. The stock traded as high as $38.65 and last traded at $37.12, with a volume of 49,260 shares traded. The stock had previously closed at $37.00.

A number of research firms have recently commented on LGP. Analysts at Zacks upgraded shares of Lehigh Gas Partners from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $36.40 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Lehigh Gas Partners from $32.00 to $42.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Lehigh Gas Partners from $33.00 to $40.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Lehigh Gas Partners currently has a consensus rating of “Hold” and a consensus price target of $36.08.

The stock’s 50-day moving average is $28.16 and its 200-day moving average is $27.21. The company has a market cap of $698.8 million and a price-to-earnings ratio of 52.93.

Lehigh Gas Partners (NYSE:LGP) last issued its quarterly earnings data 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 $0.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Monday, August 18th will be given a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Thursday, August 14th. This is a boost from Lehigh Gas Partners’s previous quarterly dividend of $0.51.

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.