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Regency Energy Partners (NYSE:RGP) reached a new 52-week high during trading on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $32.40 and last traded at $32.07, with a volume of 296,919 shares trading hands. The stock had previously closed at $32.06.

A number of analysts have recently weighed in on RGP shares. Analysts at TheStreet downgraded shares of Regency Energy Partners to a “hold” rating in a research note on Wednesday, August 20th. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.27.

The stock has a 50-day moving average of $31.31 and a 200-day moving average of $28.80. The company has a market cap of $12.746 billion and a P/E ratio of 654.29.

Regency Energy Partners (NYSE:RGP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.07 earnings per share. Regency Energy Partners’s revenue was up 84.4% compared to the same quarter last year. 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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