Northern Tier Energy (NYSE: NTi) received a number of price target changes and ratings updates during the last week:

  • Northern Tier Energy is now covered by analysts at Goldman Sachs. They set a “buy” rating and a $26.00 price target on the stock. They wrote, “Like the rest of our MidCon refiners, NTI’s earnings are highly exposed to changes in refining margins, with discounted MidCon crude oil prices generating strong earnings and cash flow. Organic growth opportunities are limited and our positive view is not predicated on meaningful growth projects. Rather, we believe investors are under-estimating NTI’s near- and long-term earnings and distribution potential relative to our constructive outlook for MidCon refining margins and, in particular, “north of Cushing” crude oil discounts. We believe distribution announcements and ongoing healthy MidCon margins/crude oil discounts will drive units higher.”
  • Northern Tier Energy is now covered by analysts at Bank of America. They set a “buy” rating and a $22.00 price target on the stock. They wrote, “NTI is the first refiner structured as a variable distribution MLP – a refiner that will distribute 100% of available cashflow to unit holders, enabling investors full leverage to seasonal margin fluctuations and crude differentials. While unit price valuation and volatility likely attract a different dynamic than ‘C’ corp refining peers, we expect yield to help provide support during periods of seasonal weakness and at current levels of 13.5% based on 2013 distributable cash flow, looks attractive to us.”
  • Northern Tier Energy is now covered by analysts at UBS AG. They set a “buy” rating and a $24.00 price target on the stock.
  • Northern Tier Energy is now covered by analysts at Barclays Capital. They set an “equal weight” rating and a $20.00 price target on the stock.
  • Northern Tier Energy is now covered by analysts at Credit Suisse. They set an “outperform” rating and a $22.00 price target on the stock.

Shares of Northern Tier Energy opened at 19.75 on Thursday. Northern Tier Energy has a 52 week low of $13.00 and a 52 week high of $20.95.

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.