Regency Energy Partners Given Consensus Rating of “Hold” by Analysts (NYSE:RGP)
Regency Energy Partners (NYSE:RGP) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.27.
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.
Shares of Regency Energy Partners (NYSE:RGP) opened at 32.98 on Wednesday. Regency Energy Partners has a 1-year low of $23.86 and a 1-year high of $33.10. The stock has a 50-day moving average of $31.38 and a 200-day moving average of $28.90. The company has a market cap of $13.116 billion and a P/E ratio of 667.96.
Regency Energy Partners (NYSE:RGP) last announced its earnings results on Wednesday, August 6th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue 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.
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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