NGL Energy Partners LP (NYSE:NGL) Given Consensus Recommendation of “Hold” by Brokerages


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NGL Energy Partners LP (NYSE:NGL) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.08.

Several research firms have weighed in on NGL. Zacks Investment Research upgraded shares of NGL Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 7th. UBS Group raised shares of NGL Energy Partners from a “sell” rating to a “neutral” rating and raised their target price for the company from $2.00 to $3.00 in a research note on Thursday, February 18th.

Shares of NGL stock traded up $0.06 during mid-day trading on Friday, reaching $2.13. The company’s stock had a trading volume of 1,102,554 shares, compared to its average volume of 3,077,387. NGL Energy Partners has a 1-year low of $1.94 and a 1-year high of $7.44. The company has a market cap of $275.13 million, a P/E ratio of -0.86 and a beta of 2.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.87 and a current ratio of 1.16. The firm’s 50-day moving average is $2.33 and its two-hundred day moving average is $2.75.

NGL Energy Partners (NYSE:NGL) last announced its earnings results on Monday, February 8th. The oil and gas company reported ($3.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($3.24). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. NGL Energy Partners had a negative return on equity of 3.51% and a negative net margin of 5.06%. Sell-side analysts anticipate that NGL Energy Partners will post -0.7 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Walleye Trading LLC bought a new position in NGL Energy Partners during the 4th quarter worth approximately $29,000. Advisory Alpha LLC bought a new position in NGL Energy Partners during the 3rd quarter worth approximately $30,000. LPL Financial LLC bought a new position in NGL Energy Partners during the 3rd quarter worth approximately $51,000. Walleye Capital LLC bought a new position in NGL Energy Partners during the 4th quarter worth approximately $58,000. Finally, Virtu Financial LLC bought a new position in NGL Energy Partners during the 4th quarter worth approximately $64,000. 43.62% of the stock is currently owned by institutional investors and hedge funds.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the crude oil logistics, water solutions, and liquids and refined products businesses. The company's Crude Oil Logistics segment purchases crude oil from producers and marketers, 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, and pipeline transportation services.

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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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