NGL Energy Partners (NGL) Receiving Somewhat Positive Media Coverage, Analysis Finds

Media stories about NGL Energy Partners (NYSE:NGL) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NGL Energy Partners earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 44.54653793754 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of research analysts have recently issued reports on NGL shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price target (up from $14.00) on shares of NGL Energy Partners in a report on Tuesday, November 7th. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price target on shares of NGL Energy Partners in a report on Sunday, October 29th. Credit Suisse Group assumed coverage on NGL Energy Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, ValuEngine raised NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. NGL Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $15.40.

Shares of NGL Energy Partners (NYSE:NGL) opened at $16.60 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99. The firm has a market capitalization of $2,020.00, a price-to-earnings ratio of -7.90 and a beta of 0.69. NGL Energy Partners has a 52-week low of $8.57 and a 52-week high of $25.80.

In other NGL Energy Partners news, CFO Robert W. Karlovich III acquired 10,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $11.66 per share, with a total value of $116,600.00. Following the transaction, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at $1,158,071.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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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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