Brokerage firm JP Morgan Maintains its rating on Northern Tier Energy LP(NYSE:NTI). In a research note issued to the investors, the brokerage major Lowers the price-target to $13.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Jun 10, 2016.
In a different note, On Apr 8, 2016, Barclays said it Maintains its rating on Northern Tier Energy LP. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Underweight’ by the firm.
Northern Tier Energy LP (NTI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.31% or 0.27 points. Due to strong positive momentum, the stock ended at $20.89, which is also near the day’s high of $21.08. The stock began the session at $20.62 and the volume stood at 14,91,679 shares. The 52-week high of the shares is $29.03 and the 52 week low is $20.5399. The company has a current market capitalization of $1,944 M and it has 9,30,58,480 shares in outstanding.
Northern Tier Energy LP(NTI) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $604.40M. Analysts had an estimated revenue of $839.21M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.14.
Several Insider Transactions has been reported to the SEC. On Jan 22, 2016, Karen Berriman Davis (Exec VP, CFO) sold 1,693 shares at $24.33 per share price.Also, On Jan 22, 2016, David L Lamp (President and CEO) sold 12,885 shares at $24.33 per share price.On Jan 22, 2016, Scott L Stevens (Sr VP & Chief Commercial Offcr) sold 4,837 shares at $24.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Northern Tier Energy LP (Northern Tier) is a downstream energy limited partnership. The Company has refining retail and logistics operations that serve the Petroleum Administration for Defense District II (PADD II) region of the United States. Its segments include the refining business and the retail business. The Companys refining segment consists of a 97800 barrels per stream day (bpsd) refinery located in St. Paul Park Minnesota. Its refineries process a variety of light heavy sweet and sour crudes into refined products. It is one of the two refineries in Minnesota and one of four refineries in the Upper Great Plains area within the PADD II region. The Companys retail segment operated 165 convenience stores under the SuperAmerica brand and also supported 89 franchised convenience stores which are also operated under the SuperAmerica brand. These convenience stores are located throughout Minnesota Wisconsin and South Dakota.