NGL Energy Partners LP (NYSE:NGL) has been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.67.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Icon from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Thursday, May 30th. Raymond James reaffirmed a “hold” rating on shares of PrairieSky Royalty in a report on Friday, May 24th.

NGL stock traded down $0.11 during trading on Friday, reaching $15.15. 12,414 shares of the stock were exchanged, compared to its average volume of 683,246. NGL Energy Partners has a twelve month low of $8.71 and a twelve month high of $15.71. The firm has a market capitalization of $1.91 billion, a P/E ratio of -12.01, a P/E/G ratio of 9.25 and a beta of 1.05. The business’s 50 day simple moving average is $14.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.45 and a quick ratio of 1.08.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, May 30th. The oil and gas company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). NGL Energy Partners had a return on equity of 2.37% and a net margin of 1.31%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the business earned ($0.28) earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that NGL Energy Partners will post 0.84 EPS for the current fiscal year.

In other NGL Energy Partners news, Director John T. Raymond sold 176,634 shares of NGL Energy Partners stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $14.88, for a total transaction of $2,628,313.92. Following the sale, the director now directly owns 50,000 shares of the company’s stock, valued at $744,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Michael Krimbill acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $14.53 per share, for a total transaction of $363,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,141,417 shares of the company’s stock, valued at approximately $16,584,789.01. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arlington Partners LLC acquired a new position in shares of NGL Energy Partners in the 2nd quarter valued at $29,000. Marshall Wace North America L.P. grew its holdings in shares of NGL Energy Partners by 96.4% in the 1st quarter. Marshall Wace North America L.P. now owns 300,715 shares of the oil and gas company’s stock valued at $4,219,000 after buying an additional 147,586 shares during the period. Marshall Wace LLP boosted its stake in NGL Energy Partners by 251.8% in the 1st quarter. Marshall Wace LLP now owns 33,792 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 24,186 shares during the period. RR Advisors LLC boosted its stake in NGL Energy Partners by 6.1% in the 1st quarter. RR Advisors LLC now owns 2,890,000 shares of the oil and gas company’s stock worth $40,544,000 after purchasing an additional 167,000 shares during the period. Finally, Advisory Alpha LLC acquired a new position in NGL Energy Partners in the 1st quarter worth $78,000. 60.45% 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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