NORTHERN TIER ENERGY LP NTI

Citigroup says "BUY" 31.70 price target

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Northern Tier Energy Coverage Initiated at Citigroup (NTI)

Posted by Nolan Pearson on Jun 5th, 2013 // No Comments

Citigroup started coverage on shares of Northern Tier Energy (NYSE: NTi) in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on NTI. Analysts at Zacks downgraded shares of Northern Tier Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, April 15th. They now have a $31.70price target on the stock. Separately, analysts at Dahlman Rose downgraded shares of Northern Tier Energy from a “buy” rating to a “hold” rating in a research note to investors on Monday, March 18th. Finally, analysts at Cowen Securities downgraded shares of Northern Tier Energy from a “buy” rating to a “hold” rating in a research note to investors on Monday, March 18th.

Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.53.

Shares of Northern Tier Energy (NYSE: NTI) opened at 25.00 on Wednesday. Northern Tier Energy has a 52 week low of $13.00 and a 52 week high of $33.24. The stock’s 50-day moving average is currently $25.71. The company has a market cap of $2.299 billion and a P/E ratio of 5.23.

Northern Tier Energy (NYSE: NTi) last announced its earnings results on Monday, May 13th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.26. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $984.03 million. On average, analysts predict that Northern Tier Energy will post $3.95 earnings per share for the current fiscal year.

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.