NGL Energy Partners LP (NYSE:NGL) Receives Average Rating of “Hold” from Brokerages

NGL Energy Partners LP (NYSE:NGL) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.50.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group lowered shares of NGL Energy Partners from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $13.50 in a research report on Tuesday, October 8th. ValuEngine raised shares of NGL Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Raymond James reiterated an “outperform” rating and issued a $15.00 target price (down from $17.00) on shares of NGL Energy Partners in a research note on Monday, November 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $13.00 target price (down from $18.00) on shares of NGL Energy Partners in a research report on Tuesday, November 19th.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Usca Ria LLC purchased a new stake in shares of NGL Energy Partners during the third quarter worth $28,000. Coastal Investment Advisors Inc. bought a new position in shares of NGL Energy Partners in the second quarter valued at approximately $44,000. Steward Partners Investment Advisory LLC purchased a new position in NGL Energy Partners during the second quarter valued at approximately $54,000. Tower Research Capital LLC TRC grew its stake in NGL Energy Partners by 292.8% during 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 acquiring an additional 4,664 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in NGL Energy Partners during the 3rd quarter worth approximately $88,000. Institutional investors and hedge funds own 60.52% of the company’s stock.

NYSE:NGL traded up $0.14 during trading on Monday, reaching $9.82. The company’s stock had a trading volume of 666,576 shares, compared to its average volume of 910,762. NGL Energy Partners has a 12 month low of $8.71 and a 12 month high of $15.71. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -7.79 and a beta of 1.04. The firm has a 50 day moving average of $10.63 and a 200-day moving average of $13.23. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.18.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.56 annualized dividend and a dividend yield of 15.89%. NGL Energy Partners’s payout ratio is presently -123.81%.

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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