Rentech Nitrogen Partners (RNF) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS
Rentech Nitrogen Partners (NYSE:RNF) posted its quarterly earnings results on Thursday. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.22, AnalystRatingsNetwork reports.
Shares of Rentech Nitrogen Partners (NYSE:RNF) opened at 15.22 on Thursday. Rentech Nitrogen Partners has a 52 week low of $14.42 and a 52 week high of $29.81. The stock’s 50-day moving average is $15.99 and its 200-day moving average is $17.0. The company’s market cap is $592.1 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, August 20th. This is a positive change from Rentech Nitrogen Partners’s previous quarterly dividend of $0.08.
A number of research firms have recently commented on RNF. Analysts at BMO Capital Markets cut their price target on shares of Rentech Nitrogen Partners from $20.00 to $17.00 in a research note on Tuesday, August 19th. They now have a “market perform” rating on the stock. Analysts at RBC Capital cut their price target on shares of Rentech Nitrogen Partners from $17.00 to $15.00 in a research note on Monday, August 18th. They now have a “sector perform” rating on the stock. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.00.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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