NGL Energy Partners LP (NYSE:NGL) Receives $15.64 Average PT from Brokerages

NGL Energy Partners LP (NYSE:NGL) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.75.

Several equities research analysts have recently weighed in on NGL shares. Zacks Investment Research cut shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of NGL Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, October 11th. Piper Jaffray Companies started coverage on shares of NGL Energy Partners in a research report on Wednesday, July 17th. They set a “neutral” rating and a $17.00 price objective for the company. Finally, UBS Group cut shares of NGL Energy Partners from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $13.50 in a research report on Tuesday, October 8th.

In related news, CEO H Michael Krimbill bought 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $12.72 per share, with a total value of $763,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James M. Collingsworth bought 6,250 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $13.25 per share, for a total transaction of $82,812.50. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arlington Partners LLC bought a new position in shares of NGL Energy Partners in the second quarter valued at $29,000. Coastal Investment Advisors Inc. bought a new position in shares of NGL Energy Partners in the second quarter valued at $44,000. Steward Partners Investment Advisory LLC bought a new position in shares of NGL Energy Partners in the second quarter valued at $54,000. BB&T Securities LLC bought a new position in shares of NGL Energy Partners in the second quarter valued at $152,000. Finally, CWM Advisors LLC lifted its stake in shares of NGL Energy Partners by 8.3% in the second quarter. CWM Advisors LLC now owns 11,960 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 920 shares in the last quarter. 60.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE NGL traded up $0.26 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 quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 1.59. NGL Energy Partners has a 1-year low of $8.71 and a 1-year high of $15.71. The company’s 50-day moving average is $13.29 and its 200 day moving average is $14.09. The firm has a market cap of $1.41 billion, a PE ratio of -9.09, a PEG ratio of 5.43 and a beta of 1.09.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.89). NGL Energy Partners had a net margin of 1.54% and a negative return on equity of 1.15%. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $5.40 billion. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that NGL Energy Partners will post 1.03 EPS for the current year.

About NGL Energy Partners

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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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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