Shares of NGL Energy Partners LP (NYSE:NGL) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.40.
A number of equities analysts have recently weighed in on NGL shares. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. ValuEngine cut shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price target on shares of NGL Energy Partners in a research report on Sunday, October 29th. Finally, Credit Suisse Group started coverage on shares of NGL Energy Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $16.00 price target on the stock.
NGL Energy Partners (NGL) traded up $0.15 on Tuesday, reaching $12.95. 1,200,676 shares of the company’s stock were exchanged, compared to its average volume of 922,305. The company has a quick ratio of 1.14, a current ratio of 1.69 and a debt-to-equity ratio of 1.64. NGL Energy Partners has a 12-month low of $8.57 and a 12-month high of $23.85. The firm has a market cap of $1,550.00, a price-to-earnings ratio of -7.57 and a beta of 0.79.
NGL Energy Partners (NYSE:NGL) last released its earnings results on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. NGL Energy Partners had a negative net margin of 0.97% and a negative return on equity of 1.85%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $3.96 billion. equities analysts forecast that NGL Energy Partners will post -1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.39 per share. The ex-dividend date was Monday, February 5th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.05%. NGL Energy Partners’s dividend payout ratio is -91.23%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in shares of NGL Energy Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 22,077 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 1,236 shares in the last quarter. Northern Trust Corp lifted its position in NGL Energy Partners by 3.6% in the 2nd quarter. Northern Trust Corp now owns 43,224 shares of the oil and gas company’s stock valued at $605,000 after acquiring an additional 1,515 shares in the last quarter. California Public Employees Retirement System lifted its position in NGL Energy Partners by 1.9% in the 4th quarter. California Public Employees Retirement System now owns 248,400 shares of the oil and gas company’s stock valued at $3,490,000 after acquiring an additional 4,600 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in NGL Energy Partners by 29.2% in the 4th quarter. Cetera Advisor Networks LLC now owns 27,121 shares of the oil and gas company’s stock valued at $384,000 after acquiring an additional 6,122 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in NGL Energy Partners by 399.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 7,183 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.
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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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