Shares of NGL Energy Partners LP (NYSE:NGL) have earned an average recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.14.

NGL has been the topic of several recent research reports. ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Bank of America set a $15.00 target price on NGL Energy Partners and gave the stock a “buy” rating in a report on Wednesday, November 7th. Guggenheim started coverage on NGL Energy Partners in a report on Monday, December 3rd. They issued a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research upgraded NGL Energy Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, November 15th. Finally, Wells Fargo & Co decreased their price objective on NGL Energy Partners from $14.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, September 24th.

Shares of NGL Energy Partners stock traded up $0.10 on Friday, hitting $10.99. 11,534 shares of the company were exchanged, compared to its average volume of 1,014,381. The stock has a market cap of $1.30 billion, a P/E ratio of -16.16 and a beta of 1.03. NGL Energy Partners has a 1-year low of $8.71 and a 1-year high of $17.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 0.75.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Thursday, November 8th. The oil and gas company reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.64). The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $4.83 billion. NGL Energy Partners had a negative return on equity of 1.57% and a net margin of 1.40%. As a group, research analysts expect that NGL Energy Partners will post -0.81 EPS for the current fiscal year.

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The shares were purchased at an average cost of $9.59 per share, for a total transaction of $287,700.00. Following the completion of the acquisition, the chief executive officer now owns 1,131,417 shares of the company’s stock, valued at approximately $10,850,289.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGL. Russell Investments Group Ltd. purchased a new stake in NGL Energy Partners in the second quarter valued at approximately $166,000. FMR LLC raised its position in NGL Energy Partners by 42.9% in the second quarter. FMR LLC now owns 209,200 shares of the oil and gas company’s stock valued at $2,615,000 after purchasing an additional 62,800 shares during the period. Renaissance Technologies LLC purchased a new stake in NGL Energy Partners in the second quarter valued at approximately $5,483,000. Van ECK Associates Corp raised its position in NGL Energy Partners by 10.9% in the second quarter. Van ECK Associates Corp now owns 256,167 shares of the oil and gas company’s stock valued at $3,202,000 after purchasing an additional 25,128 shares during the period. Finally, Raymond James & Associates raised its position in NGL Energy Partners by 9.7% in the second quarter. Raymond James & Associates now owns 84,089 shares of the oil and gas company’s stock valued at $1,051,000 after purchasing an additional 7,465 shares during the period. 62.71% of the stock is currently owned by institutional investors.

NGL Energy Partners Company Profile

NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. 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; and provides storage, terminaling, trucking, marine, and pipeline transportation services.

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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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