NGL Energy Partners LP (NYSE:NGL) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.00.
Several brokerages have issued reports on NGL. Credit Suisse Group began coverage on shares of NGL Energy Partners in a research report on Thursday. They issued an “outperform” rating for the company. Stifel Nicolaus upped their price target on shares of NGL Energy Partners from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 21st. ValuEngine upgraded shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $16.00 price target (up from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th.
Shares of NGL Energy Partners (NYSE NGL) traded up $0.25 during midday trading on Monday, reaching $15.15. 834,000 shares of the company’s stock traded hands, compared to its average volume of 1,530,000. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.99 and a current ratio of 1.56. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $25.80. The firm has a market cap of $1,840.00, a PE ratio of -7.21 and a beta of 0.69.
In other news, CFO Robert W. Karlovich III acquired 10,000 shares of NGL Energy Partners stock in a transaction dated Tuesday, November 21st. The shares were bought at an average cost of $11.66 per share, with a total value of $116,600.00. Following the purchase, the chief financial officer now owns 99,320 shares in the company, valued at approximately $1,158,071.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of NGL Energy Partners by 399.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 7,183 shares during the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of NGL Energy Partners in the 3rd quarter valued at $117,000. Oppenheimer & Co. Inc. boosted its stake in shares of NGL Energy Partners by 32.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock valued at $202,000 after purchasing an additional 3,500 shares during the last quarter. HAP Trading LLC bought a new stake in shares of NGL Energy Partners in the 2nd quarter valued at $221,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of NGL Energy Partners by 44.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,950 shares of the oil and gas company’s stock valued at $279,000 after purchasing an additional 6,131 shares during the last quarter. 63.82% of the stock is currently owned by institutional investors.
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NGL Energy Partners Company Profile
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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