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.

NGL Energy Partners Price Performance

NYSE:NGL traded down $0.06 during trading hours on Tuesday, reaching $1.64. 237,443 shares of the company were exchanged, compared to its average volume of 908,089. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 8.71. The firm has a market cap of $214.34 million, a PE ratio of -1.59 and a beta of 2.15. NGL Energy Partners has a twelve month low of $1.33 and a twelve month high of $2.91. The stock's 50-day moving average is $1.58 and its 200-day moving average 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 the consensus estimate of $0.20 by ($0.63). The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.09 billion. NGL Energy Partners had a positive return on equity of 0.01% and a negative net margin of 0.91%. During the same quarter last year, the company earned ($0.50) EPS. On average, sell-side analysts anticipate that NGL Energy Partners will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

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