Northern Tier Energy (NYSE:NTi) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $23.80 target price on the stock. Zacks‘ target price would indicate a potential upside of 2.32% from the company’s current price.
A number of other analysts have also recently weighed in on NTI. Analysts at Credit Suisse upgraded shares of Northern Tier Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $29.00 price target on the stock, up previously from $28.00. Separately, analysts at TheStreet initiated coverage on shares of Northern Tier Energy in a research note to investors on Wednesday, September 25th. They set a “sell” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Northern Tier Energy in a research note to investors on Tuesday, September 24th. They now have a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.42.
Northern Tier Energy (NYSE:NTI) traded up 2.66% on Tuesday, hitting $23.8783. 2,125,141 shares of the company’s stock traded hands. Northern Tier Energy has a 1-year low of $17.83 and a 1-year high of $33.24. The stock has a 50-day moving average of $21.84 and a 200-day moving average of $23.29. The company has a market cap of $2.199 billion and a P/E ratio of 8.29.
Northern Tier Energy (NYSE:NTi) last released its earnings data on Tuesday, November 12th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that Northern Tier Energy will post $2.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.33%.
Northern Tier Energy LP, formerly Northern Tier Energy, Inc, is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.
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