NGL ENERGY PARTNERS LP (NYSE:NGL) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of NGL ENERGY PARTNERS LP (NYSE:NGL) from a hold rating to a sell rating in a research report released on Wednesday, July 12th.

NGL has been the subject of a number of other research reports. Zacks Investment Research downgraded NGL ENERGY PARTNERS from a hold rating to a sell rating in a report on Wednesday, April 26th. ValuEngine downgraded NGL ENERGY PARTNERS from a hold rating to a sell rating in a report on Friday, June 2nd. FBR & Co cut NGL ENERGY PARTNERS from an outperform rating to a market perform rating and decreased their target price for the company from $28.00 to $22.00 in a research note on Tuesday, April 25th. Stifel Nicolaus reissued a hold rating and issued a $13.00 target price (down from $15.00) on shares of NGL ENERGY PARTNERS in a research note on Friday, June 16th. Finally, Royal Bank Of Canada decreased their target price on NGL ENERGY PARTNERS from $27.00 to $24.00 and set an outperform rating for the company in a research note on Tuesday, April 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $19.00.

NGL ENERGY PARTNERS (NGL) opened at 9.95 on Wednesday. The stock has a 50 day moving average of $12.58 and a 200 day moving average of $17.69. NGL ENERGY PARTNERS has a 1-year low of $9.63 and a 1-year high of $25.80. The stock’s market cap is $1.21 billion.

NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.21. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $2.59 billion. NGL ENERGY PARTNERS had a negative net margin of 0.73% and a negative return on equity of 5.00%. Equities analysts expect that NGL ENERGY PARTNERS will post $0.11 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.56 annualized dividend and a dividend yield of 15.68%. NGL ENERGY PARTNERS’s dividend payout ratio is currently -124.80%.

In other news, Director Highstar Capital Iv, L.P. sold 157,559 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $13.82, for a total transaction of $2,177,465.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 477,653 shares of company stock valued at $6,541,910 over the last ninety days.

Hedge funds have recently added to or reduced their stakes in the company. CFO4Life Group LLC bought a new stake in NGL ENERGY PARTNERS during the first quarter valued at about $208,000. Penserra Capital Management LLC raised its stake in NGL ENERGY PARTNERS by 410.9% in the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 8,164 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in NGL ENERGY PARTNERS during the first quarter valued at about $312,000. Friedberg Investment Management raised its stake in NGL ENERGY PARTNERS by 44.5% in the first quarter. Friedberg Investment Management now owns 14,448 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 4,450 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in NGL ENERGY PARTNERS by 32.0% in the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 75.92% 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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