Northern Tier Energy LP (NTi) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.16 EPS for the quarter. Analysts had a consensus estimate of $0.16. The company posted revenue of $604.40 million in the period, compared to analysts expectations of $983.46 million. The company’s revenue was down -23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Northern Tier Energy LP. Northern Tier Energy LP was Downgraded by Credit Suisse to ” Neutral” on Apr 11, 2016. Shares were Downgraded by Barclays on Feb 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $31 .
Northern Tier Energy LP opened for trading at $22.8 and hit $23.0156 on the upside on Monday, eventually ending the session at $22.88, with a gain of 0.13% or 0.03 points. The heightened volatility saw the trading volume jump to 5,44,555 shares. Company has a market cap of $2,130 M.
In a different news, on Jan 22, 2016, Karen Berriman Davis (Exec VP, CFO) sold 1,693 shares at $24.33 per share price. According to the SEC, 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.