Northern Tier Energy Receives Average Rating of “Hold” from Brokerages (NYSE:NTi)
Shares of Northern Tier Energy (NYSE:NTi) have earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $29.86.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Northern Tier Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 12th. They now have a $24.30 price target on the stock. Separately, 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. Finally, 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.
Northern Tier Energy (NYSE:NTI) opened at 25.67 on Wednesday. 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 $25.63 and a 200-day moving average of $26.26. The company has a market cap of $2.380 billion and a P/E ratio of 13.43.
Northern Tier Energy (NYSE:NTi) last released its earnings data on Tuesday, August 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 $3.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Thursday, August 14th.
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.
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