Ngl Energy Partners Lp (NYSE:NGL) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Tuesday.
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $13.00 target price on shares of Ngl Energy Partners Lp in a report on Wednesday, July 19th. Wells Fargo & Company cut shares of Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Royal Bank Of Canada lowered their target price on shares of Ngl Energy Partners Lp from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, April 25th. UBS AG lowered their target price on shares of Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, FBR & Co reissued a “hold” rating on shares of Ngl Energy Partners Lp in a research note on Friday, May 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Ngl Energy Partners Lp has an average rating of “Hold” and an average price target of $18.57.
Shares of Ngl Energy Partners Lp (NYSE NGL) traded down 1.05% during trading on Tuesday, reaching $9.40. The company had a trading volume of 77,926 shares. The company’s market cap is $1.14 billion. The firm has a 50 day moving average price of $12.35 and a 200 day moving average price of $17.31. Ngl Energy Partners Lp has a 12 month low of $9.35 and a 12 month high of $25.80.
Ngl Energy Partners Lp (NYSE:NGL) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. Ngl Energy Partners Lp had a negative return on equity of 5.00% and a negative net margin of 0.73%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts predict that Ngl Energy Partners Lp will post $0.11 earnings per share for the current year.
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In other Ngl Energy Partners Lp news, Director Highstar Capital Iv, L.P. sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $13.70, for a total value of $2,740,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 477,653 shares of company stock worth $6,541,910 in the last 90 days.
Several institutional investors have recently modified their holdings of the company. CFO4Life Group LLC acquired a new position in shares of Ngl Energy Partners Lp during the first quarter worth approximately $208,000. Penserra Capital Management LLC raised its position in shares of Ngl Energy Partners Lp by 410.9% in the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock worth $141,000 after buying an additional 8,164 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Ngl Energy Partners Lp during the first quarter worth approximately $312,000. Friedberg Investment Management raised its position in shares of Ngl Energy Partners Lp by 44.5% in the first quarter. Friedberg Investment Management now owns 14,448 shares of the oil and gas company’s stock worth $326,000 after buying an additional 4,450 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Ngl Energy Partners Lp by 32.0% in the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock worth $202,000 after buying an additional 3,500 shares during the period. Institutional investors own 76.37% of the company’s stock.
Ngl Energy Partners Lp 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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