ValuEngine Upgrades NGL Energy Partners (NYSE:NGL) to “Sell”

ValuEngine upgraded shares of NGL Energy Partners (NYSE:NGL) from a strong sell rating to a sell rating in a report issued on Tuesday, ValuEngine reports.

Several other equities analysts have also weighed in on NGL. Raymond James reissued an outperform rating and issued a $15.00 target price (down previously from $17.00) on shares of NGL Energy Partners in a research note on Monday, November 11th. Piper Jaffray Companies restated a hold rating and set a $13.00 target price (down previously from $18.00) on shares of NGL Energy Partners in a report on Tuesday, November 19th. UBS Group lowered NGL Energy Partners from a buy rating to a neutral rating and decreased their target price for the stock from $17.00 to $13.50 in a research report on Tuesday, October 8th. Finally, Zacks Investment Research cut NGL Energy Partners from a buy rating to a hold rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $14.08.

Shares of NGL Energy Partners stock opened at $9.65 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 1.71. NGL Energy Partners has a 12 month low of $8.71 and a 12 month high of $15.71. The business has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $13.31. The stock has a market cap of $1.27 billion, a PE ratio of -7.66 and a beta of 1.04.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.39 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.56 annualized dividend and a yield of 16.17%. NGL Energy Partners’s dividend payout ratio (DPR) is presently -123.81%.

In other NGL Energy Partners news, Director James M. Collingsworth purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $10.11 per share, with a total value of $505,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Michael Krimbill purchased 30,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $9.95 per share, for a total transaction of $298,500.00. Following the transaction, the chief executive officer now owns 1,193,672 shares of the company’s stock, valued at $11,877,036.40. The disclosure for this purchase can be found here.

Large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in NGL Energy Partners during the 3rd quarter worth approximately $88,000. Sunbelt Securities Inc. bought a new position in NGL Energy Partners in the third quarter valued at approximately $546,000. EP Wealth Advisors LLC bought a new position in NGL Energy Partners in the third quarter valued at approximately $152,000. Virtu Financial LLC boosted its holdings in shares of NGL Energy Partners by 196.1% in the third quarter. Virtu Financial LLC now owns 30,379 shares of the oil and gas company’s stock valued at $423,000 after buying an additional 20,121 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of NGL Energy Partners by 292.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,257 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 4,664 shares during the period. Institutional investors and hedge funds own 60.52% of the company’s stock.

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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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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