Northern Tier Energy LP (NTi) is Downgraded by Credit Suisse to Neutral

Northern Tier Energy LP (NTi) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Northern Tier Energy LP. 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 .

On the company’s financial health, Northern Tier Energy LP reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.66. The company had revenue of $759.80 million for the quarter, compared to analysts expectations of $737.40 million. The company’s revenue was down -28.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Northern Tier Energy LP closed down -0.36 points or -1.54% at $23.02 with 9,73,689 shares getting traded on Monday. Post opening the session at $23.28, the shares hit an intraday low of $23.02 and an intraday high of $23.3873 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Company’s 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 Company’s 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.

Northern Tier Energy LP

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