NGL Energy Partners Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NGL Energy Partners in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NGL Energy Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGL, but not buy additional shares or sell existing shares.
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Wall Street analysts have given NGL Energy Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but NGL Energy Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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NGL Energy Partners saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,800 shares, a drop of 99.8% from the June 15th total of 3,340,000 shares. Based on an average daily volume of 1,540,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.
View NGL Energy Partners' Short Interest.

NGL Energy Partners is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for NGL Energy Partners.

NGL Energy Partners LP (NYSE:NGL) released its earnings results on Wednesday, June, 2nd. The oil and gas company reported ($1.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by $1.92. The oil and gas company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. NGL Energy Partners had a negative trailing twelve-month return on equity of 20.92% and a negative net margin of 14.01%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.89) earnings per share.
View NGL Energy Partners' earnings history.

NGL Energy Partners' stock was trading at $3.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NGL stock has decreased by 43.5% and is now trading at $1.99.
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NGL Energy Partners announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.10 per share on Friday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 20.10%. The ex-dividend date is Thursday, November 5th.
View NGL Energy Partners' dividend history.

4 brokers have issued 12-month price objectives for NGL Energy Partners' stock. Their forecasts range from $2.25 to $4.50. On average, they expect NGL Energy Partners' stock price to reach $3.44 in the next twelve months. This suggests a possible upside of 72.7% from the stock's current price.
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26 employees have rated NGL Energy Partners CEO H. Michael Krimbill on Glassdoor.com. H. Michael Krimbill has an approval rating of 27% among NGL Energy Partners' employees. This puts H. Michael Krimbill in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to NGL Energy Partners include Mitsui & Co., Ltd. (MITSY), Macquarie Infrastructure (MIC), World Fuel Services (INT), CrossAmerica Partners (CAPL), Adams Resources & Energy (AE), Aegean Marine Petroleum Network (ANWWQ) and Central Energy Partners (ENGY).
View all of NGL's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other NGL Energy Partners investors own include Energy Transfer (ET), New Residential Investment (NRZ), Washington Prime Group (WPG), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), EnLink Midstream (ENLC), DHT (DHT), Orchid Island Capital (ORC), Pennsylvania Real Estate Investment Trust (PEI) and New York Mortgage Trust (NYMT).

NGL Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "NGL."

Shares of NGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NGL stock can currently be purchased for approximately $1.99.

NGL Energy Partners has a market capitalization of $257.89 million and generates $5.23 billion in revenue each year. The oil and gas company earns $-639,820,000.00 in net income (profit) each year or ($1.43) on an earnings per share basis.

NGL Energy Partners employs 1,400 workers across the globe.

The official website for NGL Energy Partners is www.nglenergypartners.com.

NGL Energy Partners is headquartered at 6120 SOUTH YALE AVENUE SUITE 805, TULSA OK, 74136.

NGL Energy Partners' mailing address is 6120 SOUTH YALE AVENUE SUITE 805, TULSA OK, 74136. The oil and gas company can be reached via phone at 918-481-1119 or via email at [email protected]