Why Rentech Nitrogen Partners, L.P. (NYSE:RNF) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $12.56 on Rentech Nitrogen Partners, L.P. (NYSE:RNF) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.50 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Rentech Nitrogen Partners, L.P. (NYSE:RNF) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Rentech Nitrogen Partners, L.P., the PEG ratio for coming 3-5 years is 0.00.

Technical Analysis

The technical analysis highlights that Rentech Nitrogen Partners, L.P. current is trading $1.39 points away or +13.88% from its 50-day moving average of $10.02. Further it is trading $1.11 or +10.73% away its 200-day moving average of $10.30.

The 52-week high of Rentech Nitrogen Partners, L.P. (NYSE:RNF) was $16.00 while lowest point recorded in 52-week was $6.66. It implies if stock price makes a movement of over $-4.59, it will record a new 52-week high. In the case of +71.32% drop, it will touch a new 52-week low.

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