Media headlines about NGL Energy Partners (NYSE:NGL) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NGL Energy Partners earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.2009128566202 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- NGL Energy Partners (NGL) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Energy stock to watch: Williams Partners LP (NYSE: WPZ) (fxdailyreport.com)
- NGL Energy Partners: A Distribution Cut On The Cards? (seekingalpha.com)
- Honeywell to provide NGL fractionation plant (hydrocarbonengineering.com)
Shares of NGL Energy Partners (NGL) opened at $12.80 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.69 and a quick ratio of 0.99. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $23.85. The firm has a market cap of $1,549.88, a PE ratio of -7.49 and a beta of 0.79.
NGL Energy Partners (NYSE:NGL) last issued its earnings results on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.13. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $3.96 billion. NGL Energy Partners had a negative net margin of 0.97% and a negative return on equity of 1.85%. equities research analysts predict that NGL Energy Partners will post -1.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.19%. The ex-dividend date was Monday, February 5th. NGL Energy Partners’s dividend payout ratio (DPR) is presently -91.23%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 price objective (up from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price objective on shares of NGL Energy Partners in a research report on Sunday, October 29th. Finally, Credit Suisse Group assumed coverage on shares of NGL Energy Partners in a research report on Thursday, January 4th. They issued an “outperform” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.40.
In related news, CFO Robert W. Karlovich III bought 10,000 shares of NGL Energy Partners stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $11.66 per share, with a total value of $116,600.00. Following the completion of the transaction, the chief financial officer now owns 99,320 shares in the company, valued at approximately $1,158,071.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
About NGL Energy Partners
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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