Ngl Energy Partners Lp (NYSE:NGL) had its price target trimmed by UBS AG from $18.00 to $14.00 in a research note released on Friday, August 4th, 99wallstreet.com reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

NGL has been the topic of a number of other reports. Zacks Investment Research lowered Ngl Energy Partners Lp from a hold rating to a sell rating in a research note on Wednesday, April 26th. Royal Bank Of Canada lowered their target price on Ngl Energy Partners Lp from $27.00 to $24.00 and set an outperform rating for the company in a report on Tuesday, April 25th. FBR & Co downgraded Ngl Energy Partners Lp from an outperform rating to a market perform rating and lowered their target price for the stock from $28.00 to $22.00 in a report on Tuesday, April 25th. BidaskClub upgraded Ngl Energy Partners Lp from a strong sell rating to a sell rating in a report on Thursday, June 29th. Finally, Wells Fargo & Company downgraded Ngl Energy Partners Lp from an outperform rating to a market perform rating in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $18.57.

Shares of Ngl Energy Partners Lp (NYSE:NGL) traded down 4.21% during mid-day trading on Friday, hitting $9.10. The stock had a trading volume of 823,882 shares. The firm’s market capitalization is $1.11 billion. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $17.31. Ngl Energy Partners Lp has a 1-year low of $9.00 and a 1-year high of $25.80.

Ngl Energy Partners Lp (NYSE:NGL) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.21. The company had revenue of $3.78 billion during 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 expect that Ngl Energy Partners Lp will post $0.11 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.56 annualized dividend and a dividend yield of 17.14%. Ngl Energy Partners Lp’s dividend payout ratio is -124.80%.

In other news, Director Highstar Capital Iv, L.P. sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $13.70, for a total transaction of $2,740,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 477,653 shares of company stock valued at $6,541,910.

Several large investors have recently added to or reduced their stakes in NGL. HighTower Advisors LLC increased its stake in Ngl Energy Partners Lp by 1.1% in the first quarter. HighTower Advisors LLC now owns 60,098 shares of the oil and gas company’s stock valued at $1,358,000 after buying an additional 665 shares in the last quarter. Creative Planning increased its stake in Ngl Energy Partners Lp by 2.0% in the second quarter. Creative Planning now owns 46,470 shares of the oil and gas company’s stock valued at $651,000 after buying an additional 900 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Ngl Energy Partners Lp by 1.1% in the first quarter. PNC Financial Services Group Inc. now owns 89,230 shares of the oil and gas company’s stock valued at $2,016,000 after buying an additional 964 shares in the last quarter. Greenwich Investment Management Inc. increased its stake in Ngl Energy Partners Lp by 1.4% in the first quarter. Greenwich Investment Management Inc. now owns 75,060 shares of the oil and gas company’s stock valued at $1,696,000 after buying an additional 1,000 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in Ngl Energy Partners Lp by 3.9% in the first quarter. Global X Management Co. LLC now owns 29,556 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 1,121 shares in the last quarter. Hedge funds and other 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.

Analyst Recommendations for Ngl Energy Partners Lp (NYSE:NGL)

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