Regency Energy Partners Downgraded by TheStreet (RGP)
A number of other firms have also recently commented on RGP. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Regency Energy Partners in a research note on Friday, August 8th. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, analysts at Zacks upgraded shares of Regency Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $30.40 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Regency Energy Partners from $31.00 to $37.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.27.
Regency Energy Partners (NYSE:RGP) traded up 0.35% during mid-day trading on Wednesday, hitting $31.40. The stock had a trading volume of 287,553 shares. Regency Energy Partners has a 52-week low of $23.86 and a 52-week high of $32.35. The stock’s 50-day moving average is $31.33 and its 200-day moving average is $28.. The company has a market cap of $12.488 billion and a P/E ratio of 638.57.
Regency Energy Partners (NYSE:RGP) last announced its earnings results on Wednesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 84.4% on a year-over-year basis. On average, analysts predict that Regency Energy Partners will post $0.14 earnings per share for the current fiscal year.
Regency Energy Partners LP (NYSE:RGP) is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs).
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