Lehigh Gas Partners (NYSE:LGP) released its earnings data on Friday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03, American Banking News reports. The company had revenue of $490.10 million for the quarter, compared to the consensus estimate of $548.82 million.
In other Lehigh Gas Partners news, Chairman Joseph V. Jr. Topper acquired 3,571 shares of the company’s stock on the open market in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $28.00 per share, with a total value of $99,988.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Lehigh Gas Partners (NYSE:LGP) opened at 28.05 on Friday. Lehigh Gas Partners has a 52 week low of $16.66 and a 52 week high of $29.18. The stock’s 50-day moving average is $28.18 and its 200-day moving average is $26.33. The company has a market cap of $422.2 million and a P/E ratio of 43.77.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Lehigh Gas Partners from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $28.70 price target on the stock. Analysts at Oppenheimer upgraded shares of Lehigh Gas Partners from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.18.
Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.