Press coverage about NGL Energy Partners (NYSE:NGL) has been trending somewhat positive on Thursday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NGL Energy Partners earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.2291045624377 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several equities analysts recently weighed in on NGL shares. Stifel Nicolaus set a $11.00 price objective on NGL Energy Partners and gave the company a “hold” rating in a research note on Wednesday, March 14th. ValuEngine raised NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Credit Suisse Group started coverage on NGL Energy Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, UBS reaffirmed a “buy” rating and issued a $17.00 price objective (down from $17.50) on shares of NGL Energy Partners in a research note on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.80.
Shares of NYSE:NGL opened at $12.10 on Thursday. The firm has a market cap of $1,495.38, a price-to-earnings ratio of 12.74 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.14 and a current ratio of 1.69. NGL Energy Partners has a one year low of $8.57 and a one year high of $21.98.
NGL Energy Partners (NYSE:NGL) last announced its earnings results on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NGL Energy Partners had a negative return on equity of 1.85% and a negative net margin of 0.97%. equities research analysts forecast that NGL Energy Partners will post -0.66 earnings per share for the current year.
In related news, CEO H Michael Krimbill bought 30,000 shares of the stock in a transaction on Friday, March 16th. The shares were purchased at an average price of $11.22 per share, for a total transaction of $336,600.00. Following the acquisition, the chief executive officer now owns 844,417 shares in the company, valued at $9,474,358.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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About NGL Energy Partners
NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs.
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