NGL Energy Partners - NGL Stock Forecast, Price & News

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The 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 transportation services through pipelines. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NGL Energy Partners from a "hold" rating to a "buy" rating in a research note on Friday, August 12th.

NGL Energy Partners Price Performance

NGL opened at $1.65 on Friday. NGL Energy Partners has a 1 year low of $1.33 and a 1 year high of $2.91. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 8.71. The firm's fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.96.

NGL Energy Partners (NYSE:NGL - Get Rating) last released its quarterly earnings results on Monday, June 6th. The oil and gas company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.63). NGL Energy Partners had a negative net margin of 0.91% and a positive return on equity of 0.01%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned ($0.50) earnings per share. On average, equities analysts anticipate that NGL Energy Partners will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other NGL Energy Partners news, CEO H Michael Krimbill bought 100,000 shares of the firm's stock in a transaction dated Monday, June 13th. The stock was purchased at an average cost of $1.73 per share, with a total value of $173,000.00. Following the transaction, the chief executive officer now directly owns 588,000 shares in the company, valued at approximately $1,017,240. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.