Wall Street analysts forecast that Ngl Energy Partners Lp (NYSE:NGL) will announce earnings of ($0.37) per share for the current quarter, Zacks reports. Three analysts have made estimates for Ngl Energy Partners Lp’s earnings, with the lowest EPS estimate coming in at ($0.49) and the highest estimate coming in at ($0.18). Ngl Energy Partners Lp posted earnings of $1.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 126.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Ngl Energy Partners Lp will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from ($0.32) to $0.95. For the next financial year, analysts forecast that the company will report earnings of $0.62 per share, with EPS estimates ranging from $0.01 to $1.42. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Ngl Energy Partners Lp.
Ngl Energy Partners Lp (NYSE:NGL) last issued its quarterly earnings data on Thursday, May 25th. The oil and gas company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Ngl Energy Partners Lp had a return on equity of 6.78% and a net margin of 1.05%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $2.77 billion.
Shares of Ngl Energy Partners Lp (NGL) traded down 0.40% on Friday, reaching $12.60. The company’s stock had a trading volume of 736,035 shares. Ngl Energy Partners Lp has a 52-week low of $11.50 and a 52-week high of $25.80. The stock has a market cap of $1.52 billion, a P/E ratio of 13.26 and a beta of 0.53. The firm’s 50 day moving average is $13.09 and its 200-day moving average is $18.86.
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 issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.38%. The ex-dividend date is Wednesday, August 2nd. Ngl Energy Partners Lp’s payout ratio is currently 210.81%.
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 value of $2,177,465.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 477,653 shares of company stock valued at $6,541,910 over the last quarter.
Several large investors have recently added to or reduced their stakes in NGL. Atlantic Trust Group LLC raised its stake in Ngl Energy Partners Lp by 83.0% in the first quarter. Atlantic Trust Group LLC now owns 2,195,432 shares of the oil and gas company’s stock worth $49,617,000 after buying an additional 995,432 shares during the period. Allianz Asset Management AG bought a new stake in Ngl Energy Partners Lp during the fourth quarter worth $365,000. Morgan Stanley raised its stake in Ngl Energy Partners Lp by 4.4% in the first quarter. Morgan Stanley now owns 3,980,011 shares of the oil and gas company’s stock worth $89,948,000 after buying an additional 169,522 shares during the period. HITE Hedge Asset Management LLC raised its stake in Ngl Energy Partners Lp by 6.0% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,273,438 shares of the oil and gas company’s stock worth $26,742,000 after buying an additional 71,891 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Ngl Energy Partners Lp by 31.0% in the first quarter. Janney Montgomery Scott LLC now owns 112,028 shares of the oil and gas company’s stock worth $2,532,000 after buying an additional 26,538 shares during the period. 76.85% of the stock is owned by institutional investors.
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About Ngl Energy Partners Lp
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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