NGL Energy Partners LP (NYSE:NGL – Get Free Report) Director John Raymond bought 300,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average price of $16.98 per share, for a total transaction of $5,094,000.00. Following the acquisition, the director directly owned 376,626 shares of the company’s stock, valued at approximately $6,395,109.48. The trade was a 391.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NGL Energy Partners Stock Performance
Shares of NYSE NGL traded down $0.38 during mid-day trading on Wednesday, hitting $17.13. The stock had a trading volume of 198,068 shares, compared to its average volume of 298,933. The business has a 50 day moving average price of $16.12 and a two-hundred day moving average price of $14.73. NGL Energy Partners LP has a 1 year low of $5.01 and a 1 year high of $18.80. The firm has a market cap of $2.14 billion, a P/E ratio of -6.03 and a beta of 0.63.
NGL Energy Partners (NYSE:NGL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.37. The business had revenue of $989.99 million during the quarter, compared to analysts’ expectations of $346.13 million. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. Equities research analysts predict that NGL Energy Partners LP will post 1.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
NGL has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings downgraded NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on NGL Energy Partners
NGL Energy Partners Company Profile
NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.
The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.
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