NGL Energy Partners LP (NYSE:NGL – Get Free Report) Director John Raymond bought 1,126 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $16.25 per share, for a total transaction of $18,297.50. Following the transaction, the director owned 51,126 shares in the company, valued at $830,797.50. The trade was a 2.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NGL Energy Partners Stock Performance
NYSE NGL opened at $17.52 on Wednesday. NGL Energy Partners LP has a 52 week low of $5.01 and a 52 week high of $18.80. The stock’s 50 day moving average price is $16.12 and its two-hundred day moving average price is $14.73. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -6.17 and a beta of 0.63.
NGL Energy Partners (NYSE:NGL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37. The company 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%. On average, equities research analysts forecast that NGL Energy Partners LP will post 1.38 EPS for the current year.
Institutional Investors Weigh In On NGL Energy Partners
Analyst Upgrades and Downgrades
Several brokerages have commented on NGL. Wall Street Zen raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings cut 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 assigned a Hold rating to the company. According to data from MarketBeat.com, NGL Energy Partners currently has an average rating of “Buy”.
View Our Latest Analysis on NGL
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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