$4.72 Billion in Sales Expected for NGL Energy Partners LP (NYSE:NGL) This Quarter
Analysts forecast that NGL Energy Partners LP (NYSE:NGL) will post sales of $4.72 billion for the current quarter, according to Zacks. Two analysts have made estimates for NGL Energy Partners’ earnings, with the highest sales estimate coming in at $4.81 billion and the lowest estimate coming in at $4.63 billion. NGL Energy Partners reported sales of $6.38 billion in the same quarter last year, which would suggest a negative year over year growth rate of 26%. The business is expected to announce its next quarterly earnings report on Monday, February 10th.
On average, analysts expect that NGL Energy Partners will report full-year sales of $20.66 billion for the current financial year, with estimates ranging from $20.42 billion to $20.91 billion. For the next financial year, analysts expect that the business will report sales of $20.36 billion, with estimates ranging from $18.33 billion to $22.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow NGL Energy Partners.
NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Friday, November 8th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.68. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $6.20 billion. NGL Energy Partners had a positive return on equity of 8.82% and a negative net margin of 0.74%.
In related news, Director James M. Collingsworth bought 50,000 shares of NGL Energy Partners stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $10.11 per share, with a total value of $505,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO H Michael Krimbill bought 30,000 shares of NGL Energy Partners stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $9.95 per share, for a total transaction of $298,500.00. Following the purchase, the chief executive officer now owns 1,193,672 shares in the company, valued at approximately $11,877,036.40. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in NGL Energy Partners by 11,053.5% in the 2nd quarter. Invesco Ltd. now owns 21,007,430 shares of the oil and gas company’s stock valued at $310,279,000 after buying an additional 20,819,081 shares in the last quarter. Alps Advisors Inc. lifted its stake in NGL Energy Partners by 38.4% in the 3rd quarter. Alps Advisors Inc. now owns 14,063,184 shares of the oil and gas company’s stock valued at $195,619,000 after buying an additional 3,900,561 shares in the last quarter. Infrastructure Capital Advisors LLC lifted its stake in NGL Energy Partners by 2.0% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 936,531 shares of the oil and gas company’s stock valued at $13,898,000 after buying an additional 17,936 shares in the last quarter. Wells Fargo & Company MN lifted its stake in NGL Energy Partners by 69.2% in the 2nd quarter. Wells Fargo & Company MN now owns 706,442 shares of the oil and gas company’s stock valued at $10,435,000 after buying an additional 288,954 shares in the last quarter. Finally, Biltmore Capital Advisors LLC lifted its stake in NGL Energy Partners by 100.0% in the 3rd quarter. Biltmore Capital Advisors LLC now owns 400,000 shares of the oil and gas company’s stock valued at $5,564,000 after buying an additional 200,000 shares in the last quarter. 60.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NGL traded up $0.20 on Thursday, reaching $11.81. The stock had a trading volume of 659,100 shares, compared to its average volume of 944,689. The firm has a market capitalization of $1.51 billion, a PE ratio of -9.37 and a beta of 1.04. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average of $10.95 and a 200 day moving average of $12.61. NGL Energy Partners has a twelve month low of $9.23 and a twelve month high of $15.71.
About NGL Energy Partners
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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