NGL Energy Partners LP (NYSE:NGL) has been assigned a consensus rating of "Hold" from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.21.
A number of research firms have recently commented on NGL. Zacks Investment Research downgraded NGL Energy Partners from a "hold" rating to a "sell" rating in a research note on Wednesday, August 12th. Stifel Nicolaus dropped their price objective on NGL Energy Partners from $5.00 to $4.50 and set a "hold" rating on the stock in a research note on Wednesday, August 12th. ValuEngine raised NGL Energy Partners from a "sell" rating to a "hold" rating in a research note on Tuesday, September 1st. Piper Sandler cut their target price on NGL Energy Partners from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, TheStreet lowered NGL Energy Partners from a "c-" rating to a "d" rating in a research report on Friday, August 14th.
Hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of NGL Energy Partners by 1.9% during the first quarter. Invesco Ltd. now owns 21,836,688 shares of the oil and gas company's stock valued at $56,775,000 after buying an additional 398,278 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of NGL Energy Partners during the first quarter valued at $283,000. Virtu Financial LLC purchased a new position in shares of NGL Energy Partners during the second quarter valued at $431,000. Janney Montgomery Scott LLC grew its holdings in shares of NGL Energy Partners by 24.2% during the second quarter. Janney Montgomery Scott LLC now owns 38,319 shares of the oil and gas company's stock valued at $149,000 after buying an additional 7,454 shares in the last quarter. Finally, Morgan Stanley grew its stake in NGL Energy Partners by 10.5% in the first quarter. Morgan Stanley now owns 2,917,192 shares of the oil and gas company's stock valued at $7,585,000 after purchasing an additional 276,076 shares in the last quarter. Institutional investors and hedge funds own 48.68% of the company's stock.
Shares of NGL opened at $3.53 on Friday. The firm has a market cap of $454.57 million, a price-to-earnings ratio of -0.87 and a beta of 2.96. The stock has a 50 day moving average of $4.03 and a 200-day moving average of $4.23. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 2.61. NGL Energy Partners has a 52 week low of $1.15 and a 52 week high of $14.05.
NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Monday, August 10th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.04) by ($0.40). NGL Energy Partners had a negative net margin of 5.53% and a positive return on equity of 6.34%. The company had revenue of $844.42 million for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned ($0.96) EPS. The company's revenue for the quarter was down 54.9% compared to the same quarter last year. On average, sell-side analysts predict that NGL Energy Partners will post -0.08 earnings per share for the current fiscal year.
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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