Brokerages predict that NGL Energy Partners (NYSE:NGL) will report $4.56 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NGL Energy Partners’ earnings. The highest sales estimate is $4.77 billion and the lowest is $4.34 billion. NGL Energy Partners posted sales of $3.85 billion in the same quarter last year, which would indicate a positive year over year growth rate of 18.4%. The firm is expected to issue its next earnings report on Thursday, May 24th.
On average, analysts expect that NGL Energy Partners will report full-year sales of $16.83 billion for the current financial year, with estimates ranging from $16.50 billion to $17.03 billion. For the next year, analysts expect that the business will post sales of $17.79 billion per share, with estimates ranging from $16.91 billion to $18.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow NGL Energy Partners.
NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.13. NGL Energy Partners had a negative return on equity of 1.85% and a negative net margin of 0.97%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $3.96 billion.
NGL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. ValuEngine downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. UBS restated a “buy” rating and issued a $17.00 target price (down previously from $17.50) on shares of NGL Energy Partners in a research report on Friday, March 2nd. Finally, Stifel Nicolaus set a $11.00 target price on NGL Energy Partners and gave the company a “hold” rating in a research report on Wednesday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.80.
NYSE:NGL traded down $0.45 on Friday, reaching $10.90. The company’s stock had a trading volume of 578,623 shares, compared to its average volume of 433,418. NGL Energy Partners has a 12-month low of $10.85 and a 12-month high of $11.47. The company has a quick ratio of 1.14, a current ratio of 1.69 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.47 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th will be given a $0.39 dividend. The ex-dividend date is Friday, May 4th. This represents a $1.56 dividend on an annualized basis and a yield of 14.31%. NGL Energy Partners’s dividend payout ratio is currently 164.21%.
In other NGL Energy Partners news, CEO H Michael Krimbill bought 30,000 shares of NGL Energy Partners stock in a transaction on Friday, March 16th. The shares were bought at an average price of $11.22 per share, for a total transaction of $336,600.00. Following the completion of the transaction, the chief executive officer now directly owns 844,417 shares of the company’s stock, valued at $9,474,358.74. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. raised its holdings in shares of NGL Energy Partners by 4.0% in the 1st quarter. OppenheimerFunds Inc. now owns 16,152,315 shares of the oil and gas company’s stock valued at $177,676,000 after buying an additional 626,100 shares during the period. Alps Advisors Inc. purchased a new stake in shares of NGL Energy Partners in the 4th quarter valued at $130,044,000. Cushing Asset Management LP raised its holdings in shares of NGL Energy Partners by 20.4% in the 4th quarter. Cushing Asset Management LP now owns 6,184,050 shares of the oil and gas company’s stock valued at $86,886,000 after buying an additional 1,047,938 shares during the period. Advisory Research Inc. raised its holdings in shares of NGL Energy Partners by 57.7% in the 4th quarter. Advisory Research Inc. now owns 3,611,015 shares of the oil and gas company’s stock valued at $50,735,000 after buying an additional 1,320,600 shares during the period. Finally, NBW Capital LLC raised its holdings in shares of NGL Energy Partners by 57.1% in the 4th quarter. NBW Capital LLC now owns 651,421 shares of the oil and gas company’s stock valued at $9,152,000 after buying an additional 236,729 shares during the period. Hedge funds and other institutional investors own 65.96% of the company’s stock.
NGL Energy Partners Company Profile
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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