Press coverage about Ngl Energy Partners Lp (NYSE:NGL) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press 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 Lp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.8893346808928 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
Ngl Energy Partners Lp (NYSE NGL) traded down 2.83% on Thursday, hitting $10.30. 1,231,339 shares of the company’s stock traded hands. Ngl Energy Partners Lp has a 12 month low of $8.57 and a 12 month high of $25.80. The stock’s market cap is $1.25 billion. The stock has a 50 day moving average price of $10.91 and a 200-day moving average price of $12.96.
Ngl Energy Partners Lp (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.21). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $2.59 billion. Ngl Energy Partners Lp had a negative return on equity of 5.00% and a negative net margin of 0.73%. Equities analysts predict that Ngl Energy Partners Lp will post ($0.09) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 15.15%. The ex-dividend date of this dividend is Friday, November 3rd. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is currently -124.80%.
Ngl Energy Partners Lp declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 29th that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Ngl Energy Partners Lp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. UBS Group AG cut their price objective on shares of Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Ngl Energy Partners Lp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. TheStreet lowered shares of Ngl Energy Partners Lp from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus dropped their target price on shares of Ngl Energy Partners Lp from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.17.
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In other Ngl Energy Partners Lp news, CEO H Michael Krimbill purchased 75,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $8.86 per share, with a total value of $664,500.00. Following the purchase, the chief executive officer now directly owns 814,417 shares in the company, valued at approximately $7,215,734.62. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
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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