Northern Tier Energy Receives Average Rating of “Hold” from Analysts (NYSE:NTi)
Northern Tier Energy (NYSE:NTi) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $29.86.
A number of analysts have recently weighed in on NTI shares. 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 25.61 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 $25.51 and a 200-day moving average of $26.26. The company has a market cap of $2.374 billion and a P/E ratio of 13.55.
Northern Tier Energy (NYSE:NTi) last issued its quarterly 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 previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, analysts predict that Northern Tier Energy will post $3.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 8.28%. The ex-dividend date 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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