Rentech Nitrogen Partners PT Lowered to $15.00 at RBC Capital (RNF)
Research analysts at RBC Capital reduced their price objective on shares of Rentech Nitrogen Partners (NYSE:RNF) from $17.00 to $15.00 in a report released on Monday. RBC Capital’s price objective indicates a potential downside of 0.20% from the stock’s previous close.
Shares of Rentech Nitrogen Partners (NYSE:RNF) opened at 15.03 on Monday. Rentech Nitrogen Partners has a one year low of $14.42 and a one year high of $29.81. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $17.19. The company’s market cap is $584.5 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Wednesday, August 20th. This is a positive change from Rentech Nitrogen Partners’s previous quarterly dividend of $0.08.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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