Shares of NGL ENERGY PARTNERS LP (NYSE:NGL) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.67.
NGL has been the subject of several research reports. Zacks Investment Research upgraded shares of NGL ENERGY PARTNERS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. FBR & Co downgraded shares of NGL ENERGY PARTNERS from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $28.00 to $22.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada dropped their price target on shares of 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. ValuEngine downgraded shares of NGL ENERGY PARTNERS from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $13.00 price target (down previously from $15.00) on shares of NGL ENERGY PARTNERS in a research note on Friday, June 16th.
NGL ENERGY PARTNERS (NGL) remained flat at $10.70 during mid-day trading on Friday. The company’s stock had a trading volume of 591,850 shares. NGL ENERGY PARTNERS has a 12-month low of $9.63 and a 12-month high of $25.80. The firm’s 50-day moving average is $12.80 and its 200-day moving average is $18.16. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.26 and a beta of 0.50.
NGL ENERGY PARTNERS (NYSE:NGL) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.59 billion. NGL ENERGY PARTNERS had a negative return on equity of 5.00% and a negative net margin of 0.73%. Equities research analysts forecast that NGL ENERGY PARTNERS will post $0.19 EPS for the current fiscal year.
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 is Wednesday, August 2nd. This represents a $1.56 annualized dividend and a dividend yield of 14.58%. NGL ENERGY PARTNERS’s dividend payout ratio (DPR) is currently -124.80%.
In other news, Director Highstar Capital Iv, L.P. sold 200,000 shares of NGL ENERGY PARTNERS stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $13.70, for a total transaction of $2,740,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 477,653 shares of company stock valued at $6,541,910.
Large investors have recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP boosted its stake in shares of NGL ENERGY PARTNERS by 300.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 3,259,800 shares of the oil and gas company’s stock worth $73,657,000 after buying an additional 2,446,100 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of NGL ENERGY PARTNERS by 957.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,557,682 shares of the oil and gas company’s stock worth $57,803,000 after buying an additional 2,315,904 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of NGL ENERGY PARTNERS by 15.5% in the first quarter. OppenheimerFunds Inc. now owns 15,197,205 shares of the oil and gas company’s stock worth $343,457,000 after buying an additional 2,042,480 shares during the period. ING Groep NV bought a new stake in shares of NGL ENERGY PARTNERS during the first quarter worth $25,787,000. Finally, Bank of Montreal Can boosted its stake in shares of NGL ENERGY PARTNERS by 115.7% in the second quarter. Bank of Montreal Can now owns 2,116,200 shares of the oil and gas company’s stock worth $29,627,000 after buying an additional 1,134,957 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.
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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