Media headlines about Ngl Energy Partners (NYSE:NGL) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ngl Energy Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.7311655290867 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Ngl Energy Partners LP (NGL) How Do the Technical Vary? – ExpertGazette (expertgazette.com)
- $3.96 Billion in Sales Expected for Ngl Energy Partners Lp (NGL) This Quarter (americanbankingnews.com)
- Traders Purchase Large Volume of Ngl Energy Partners Put Options (NGL) (americanbankingnews.com)
- Analysts’ Ratings Review: Ngl Energy Partners LP (NGL) – ExpertGazette (expertgazette.com)
Several equities analysts recently weighed in on NGL shares. Stifel Nicolaus boosted their price objective on Ngl Energy Partners from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 21st. Zacks Investment Research cut Ngl Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $16.00 price objective (up previously from $14.00) on shares of Ngl Energy Partners in a research report on Tuesday, November 7th. Finally, TheStreet cut Ngl Energy Partners from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.00.
Ngl Energy Partners (NGL) opened at $12.50 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99. Ngl Energy Partners has a twelve month low of $8.57 and a twelve month high of $25.80.
Ngl Energy Partners declared that its board has approved a stock repurchase plan on Tuesday, August 29th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the oil and gas company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.56 annualized dividend and a yield of 12.48%. Ngl Energy Partners’s dividend payout ratio (DPR) is -74.29%.
In other news, CEO H Michael Krimbill purchased 75,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $8.86 per share, with a total value of $664,500.00. Following the acquisition, the chief executive officer now directly owns 814,417 shares in the company, valued at approximately $7,215,734.62. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert W. Karlovich III purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average cost of $11.66 per share, with a total value of $116,600.00. Following the acquisition, the chief financial officer now owns 99,320 shares in the company, valued at $1,158,071.20. The disclosure for this purchase can be found here.
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Ngl Energy Partners Company Profile
NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.
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