Media stories about Ngl Energy Partners Lp (NYSE:NGL) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ngl Energy Partners Lp earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 47.0247815613274 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Ngl Energy Partners Lp (NYSE:NGL) traded up 2.30% during mid-day trading on Monday, hitting $8.90. The stock had a trading volume of 2,867,632 shares. The firm’s 50-day moving average price is $10.27 and its 200 day moving average price is $15.54. Ngl Energy Partners Lp has a 12-month low of $8.57 and a 12-month high of $25.80. The stock’s market cap is $1.08 billion.

Ngl Energy Partners Lp (NYSE:NGL) last released 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. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.59 billion. Ngl Energy Partners Lp had a negative net margin of 0.73% and a negative return on equity of 5.00%. Equities analysts forecast that Ngl Energy Partners Lp will post $0.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were paid a $0.39 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $1.56 annualized dividend and a dividend yield of 17.53%. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is currently -124.80%.

Ngl Energy Partners Lp announced that its board has approved a stock buyback plan on Tuesday, August 29th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the oil and gas company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub raised Ngl Energy Partners Lp from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Royal Bank Of Canada decreased their price target on Ngl Energy Partners Lp from $20.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Wells Fargo & Company cut Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, ValuEngine cut Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.57.

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About Ngl Energy Partners Lp

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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