NGL Energy Partners (NYSE:NGL) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Monday.
A number of other analysts have also recently commented on NGL. ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. UBS Group reiterated a “buy” rating and set a $17.00 target price (down previously from $17.50) on shares of NGL Energy Partners in a research report on Friday, March 2nd. Stifel Nicolaus set a $11.00 target price on NGL Energy Partners and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research cut NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.60.
NGL opened at $12.75 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.11 and a current ratio of 1.61. NGL Energy Partners has a one year low of $8.57 and a one year high of $17.65. The stock has a market cap of $1.57 billion, a PE ratio of -18.75 and a beta of 0.97.
NGL Energy Partners (NYSE:NGL) last posted its earnings results on Wednesday, May 30th. The oil and gas company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.26. NGL Energy Partners had a negative return on equity of 1.20% and a negative net margin of 0.41%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.56 billion. equities research analysts anticipate that NGL Energy Partners will post -0.27 EPS for the current year.
In related news, Director James M. Collingsworth purchased 25,870 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were purchased at an average price of $11.65 per share, for a total transaction of $301,385.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Highstar Capital Iv, L.P. sold 95,333 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $12.85, for a total value of $1,225,029.05. The disclosure for this sale can be found here.
A number of hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in NGL Energy Partners by 1.9% in the 4th quarter. California Public Employees Retirement System now owns 248,400 shares of the oil and gas company’s stock valued at $3,490,000 after acquiring an additional 4,600 shares during the period. Cetera Advisor Networks LLC increased its position in NGL Energy Partners by 19.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 32,449 shares of the oil and gas company’s stock valued at $357,000 after acquiring an additional 5,328 shares during the period. BNP Paribas Arbitrage SA increased its position in NGL Energy Partners by 70.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,106 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 9,986 shares during the period. Hilltop Holdings Inc. acquired a new position in NGL Energy Partners in the 1st quarter valued at about $121,000. Finally, Yorkville Capital Management LLC acquired a new position in NGL Energy Partners in the 4th quarter valued at about $196,000. Hedge funds and other institutional investors own 65.06% of the company’s stock.
NGL Energy Partners Company Profile
NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. 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.
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