Regency Energy Partners Receives Consensus Recommendation of “Hold” from Analysts (NYSE:RGP)
Regency Energy Partners (NYSE:RGP) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Stock Ratings News reports. One 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 average twelve-month price target among analysts that have issued a report on the stock in the last year is $34.27.
Regency Energy Partners (NYSE:RGP) traded up 0.56% during mid-day trading on Wednesday, hitting $32.24. The stock had a trading volume of 83,968 shares. Regency Energy Partners has a 52-week low of $23.86 and a 52-week high of $32.35. 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 $12.822 billion and a price-to-earnings ratio of 654.29.
Regency Energy Partners (NYSE:RGP) last released its earnings data 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. Analysts expect that Regency Energy Partners will post $0.14 EPS for the current fiscal year.
A number of research firms have recently commented on RGP. 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.
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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