Rentech Nitrogen Par Plans Quarterly Dividend of $0.75 (RNF)
Rentech Nitrogen Par (NYSE:RNF) declared a quarterly dividend on Thursday, January 24th. Shareholders of record on Thursday, February 7th will be given a dividend of $0.75 per share on Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 6.46%.
Several analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Rentech Nitrogen Par from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 11th. They now have a $48.20 price target on the stock. Analysts at Feltl & Co. cut their price target on shares of Rentech Nitrogen Par from $45.65 to $45.00 in a research note to investors on Monday, December 17th. They now have a “strong-buy” rating on the stock.
Two analysts have rated the stock with a buy rating, and two have assigned a hold rating to the company’s stock. Rentech Nitrogen Par has an average rating of “overweight” and a consensus target price of $38.67.
Rentech Nitrogen Par (RNF) opened at 46.34 on Thursday. Rentech Nitrogen Par (RNF) has a 52-week low of $21.08 and a 52-week high of $48.19. The stock’s 50-day moving average is currently $40.81. The company has a market cap of $1.798 billion and a price-to-earnings ratio of 17.49.
Rentech Nitrogen Par last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.16. The company had revenue of $60.10 million for the quarter, compared to the consensus estimate of $46.98 million. On average, analysts predict that Rentech Nitrogen Par (RNF) will post $3.00 earnings per share for the current fiscal year.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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