Analysts expect that Ngl Energy Partners Lp (NYSE:NGL) will post earnings per share of ($0.26) for the current quarter, Zacks reports. Two analysts have provided estimates for Ngl Energy Partners Lp’s earnings, with the lowest EPS estimate coming in at ($0.46) and the highest estimate coming in at $0.07. Ngl Energy Partners Lp posted earnings of ($0.71) per share during the same quarter last year, which would suggest a positive year over year growth rate of 63.4%. The firm is expected to issue its next earnings report on Friday, November 3rd.

According to Zacks, analysts expect that Ngl Energy Partners Lp will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.52) to ($0.38). For the next financial year, analysts forecast that the firm will report earnings of $0.36 per share, with EPS estimates ranging from ($0.48) to $1.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Ngl Energy Partners Lp.

Ngl Energy Partners Lp (NYSE:NGL) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.21). Ngl Energy Partners Lp had a negative net margin of 0.73% and a negative return on equity of 5.00%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.59 billion.

NGL has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $13.00 price target (down previously from $15.00) on shares of Ngl Energy Partners Lp in a report on Friday, June 16th. BidaskClub downgraded shares of Ngl Energy Partners Lp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. TheStreet downgraded shares of Ngl Energy Partners Lp from a “c-” rating to a “d+” rating in a report on Tuesday, August 15th. FBR & Co cut their price target on shares of Ngl Energy Partners Lp from $22.00 to $19.00 and set a “mkt perform” rating for the company in a report on Thursday, June 8th. Finally, UBS AG cut their price target on shares of Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Ngl Energy Partners Lp has an average rating of “Hold” and an average target price of $18.57.

In related news, CEO H Michael Krimbill bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $8.86 per share, with a total value of $664,500.00. Following the completion of the transaction, the chief executive officer now owns 814,417 shares of the company’s stock, valued at $7,215,734.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CFO4Life Group LLC acquired a new stake in shares of Ngl Energy Partners Lp in the first quarter worth approximately $208,000. Penserra Capital Management LLC boosted 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 acquiring an additional 8,164 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Ngl Energy Partners Lp in the first quarter worth approximately $312,000. Oppenheimer & Co. Inc. boosted 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 acquiring an additional 3,500 shares during the last quarter. Finally, HAP Trading LLC acquired a new stake in shares of Ngl Energy Partners Lp in the second quarter worth approximately $221,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ngl Energy Partners Lp (NGL) traded down 2.86% during mid-day trading on Friday, hitting $10.20. 14,388,454 shares of the stock traded hands. The firm’s 50 day moving average price is $9.93 and its 200 day moving average price is $15.19. Ngl Energy Partners Lp has a 12-month low of $8.57 and a 12-month high of $25.80. The firm’s market cap is $1.24 billion.

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

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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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