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Lehigh Gas Partners (NYSE:LGP) was downgraded by Ladenburg Thalmann to a “neutral” rating in a research note issued on Tuesday.

Lehigh Gas Partners (NYSE:LGP) traded down 5.73% during mid-day trading on Tuesday, hitting $35.19. 27,268 shares of the company’s stock traded hands. Lehigh Gas Partners has a 52 week low of $25.50 and a 52 week high of $38.65. The stock has a 50-day moving average of $28.45 and a 200-day moving average of $27.25. The company has a market cap of $658.7 million and a price-to-earnings ratio of 53.40.

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 $0.91 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 5.60%. 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.

A number of other firms have also 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 research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.10.

Lehigh Gas Partners LPis 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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