NGL Energy Partners LP (NYSE:NGL) has earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.75.
Several equities analysts have recently weighed in on NGL shares. Zacks Investment Research downgraded shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group cut shares of NGL Energy Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $13.50 in a research note on Tuesday, October 8th. ValuEngine raised shares of NGL Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, October 11th. Finally, Piper Jaffray Companies assumed coverage on shares of NGL Energy Partners in a research note on Wednesday, July 17th. They set a “neutral” rating and a $17.00 price objective for the company.
In related news, Director James M. Collingsworth bought 6,250 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $13.25 per share, for a total transaction of $82,812.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Michael Krimbill bought 60,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $12.72 per share, with a total value of $763,200.00. The disclosure for this purchase can be found here.
A number of institutional investors have recently made changes to their positions in the business. CWM Advisors LLC lifted its position in NGL Energy Partners by 8.3% during the second quarter. CWM Advisors LLC now owns 11,960 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 920 shares during the last quarter. Coastal Investment Advisors Inc. lifted its position in NGL Energy Partners by 33.3% during the third quarter. Coastal Investment Advisors Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 1,000 shares during the last quarter. First Republic Investment Management Inc. lifted its position in NGL Energy Partners by 3.6% during the second quarter. First Republic Investment Management Inc. now owns 55,544 shares of the oil and gas company’s stock valued at $820,000 after purchasing an additional 1,911 shares during the last quarter. Arlington Partners LLC bought a new stake in NGL Energy Partners during the second quarter valued at approximately $29,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in NGL Energy Partners during the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 60.91% of the company’s stock.
Shares of NGL traded up $0.26 during trading hours on Friday, hitting $11.45. The company’s stock had a trading volume of 622,191 shares, compared to its average volume of 934,997. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -9.09, a PEG ratio of 5.43 and a beta of 1.09. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.42 and a quick ratio of 0.98. The business has a 50 day simple moving average of $13.29 and a two-hundred day simple moving average of $14.09. NGL Energy Partners has a 52-week low of $8.71 and a 52-week high of $15.71.
NGL Energy Partners (NYSE:NGL) last posted its earnings results on Thursday, August 8th. The oil and gas company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.89). The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $5.40 billion. NGL Energy Partners had a negative return on equity of 1.15% and a net margin of 1.54%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts predict that NGL Energy Partners will post 1.03 earnings per share for the current year.
NGL Energy Partners Company Profile
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
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