Stifel Nicolaus reissued their hold rating on shares of NGL ENERGY PARTNERS LP (NYSE:NGL) in a research note released on Friday morning. They currently have a $13.00 target price on the oil and gas company’s stock, down from their prior target price of $15.00.
Several other research analysts have also recently commented on NGL. Zacks Investment Research cut shares of NGL ENERGY PARTNERS from a hold rating to a strong sell rating in a report on Friday, February 17th. FBR & Co lowered their target price on shares of NGL ENERGY PARTNERS from $22.00 to $19.00 and set a mkt perform rating on the stock in a report on Thursday, June 8th. ValuEngine cut shares of NGL ENERGY PARTNERS from a hold rating to a sell rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of NGL ENERGY PARTNERS from $27.00 to $24.00 and set an outperform rating on the stock in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $21.50.
NGL ENERGY PARTNERS (NYSE NGL) opened at 11.70 on Friday. The company’s 50-day moving average price is $14.26 and its 200 day moving average price is $19.83. NGL ENERGY PARTNERS has a 52 week low of $11.50 and a 52 week high of $25.80. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 12.32 and a beta of 0.49.
NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings results on Thursday, May 25th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. NGL ENERGY PARTNERS had a net margin of 1.05% and a return on equity of 6.78%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $2.77 billion. On average, analysts predict that NGL ENERGY PARTNERS will post $0.32 EPS for the current year.
In related news, Director Highstar Capital Iv, L.P. sold 157,559 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $13.82, for a total transaction of $2,177,465.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 477,653 shares of company stock worth $6,541,910 in the last quarter.
Several hedge funds have recently bought and sold shares of the company. ING Groep NV purchased a new stake in NGL ENERGY PARTNERS during the first quarter valued at about $25,787,000. Virtu Financial LLC raised its stake in NGL ENERGY PARTNERS by 96.4% in the first quarter. Virtu Financial LLC now owns 21,015 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 10,315 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in NGL ENERGY PARTNERS by 31.0% in the first quarter. Janney Montgomery Scott LLC now owns 112,028 shares of the oil and gas company’s stock valued at $2,532,000 after buying an additional 26,538 shares in the last quarter. Hollencrest Securities LLC purchased a new stake in NGL ENERGY PARTNERS during the first quarter valued at about $1,455,000. Finally, Duff & Phelps Investment Management Co. raised its stake in NGL ENERGY PARTNERS by 221.2% in the first quarter. Duff & Phelps Investment Management Co. now owns 835,000 shares of the oil and gas company’s stock valued at $18,871,000 after buying an additional 575,000 shares in the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.
NGL ENERGY PARTNERS Company Profile
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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