NGL Energy Partners Stock Forecast, Price & News

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. Since then, NGL shares have increased by 0.3% and is now trading at $3.53.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NGL Energy Partners in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for NGL Energy Partners.

NGL Energy Partners is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for NGL Energy Partners.

NGL Energy Partners LP (NYSE:NGL) announced its earnings results on Monday, August, 10th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.40. The oil and gas company had revenue of $844.42 million for the quarter, compared to analyst estimates of $1.28 billion. NGL Energy Partners had a positive return on equity of 6.34% and a negative net margin of 5.53%. The business's revenue for the quarter was down 54.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.96) earnings per share.
View NGL Energy Partners' earnings history.

NGL Energy Partners declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of $0.20 per share on Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 22.66%. The ex-dividend date of this dividend is Wednesday, August 5th.
View NGL Energy Partners' dividend history.

8 analysts have issued 1-year price objectives for NGL Energy Partners' shares. Their forecasts range from $2.00 to $15.00. On average, they anticipate NGL Energy Partners' stock price to reach $6.44 in the next year. This suggests a possible upside of 82.4% from the stock's current price.
View analysts' price targets for NGL Energy Partners.

NGL Energy Partners saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,870,000 shares, a decrease of 14.6% from the August 15th total of 3,360,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.4% of the shares of the company are short sold.
View NGL Energy Partners' Short Interest.

Some companies that are related to NGL Energy Partners include Mitsui & Co Ltd (MITSY), Macquarie Infrastructure (MIC), World Fuel Services (INT), Crossamerica Partners (CAPL) and Adams Resources & Energy (AE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other NGL Energy Partners investors own include Energy Transfer LP Unit (ET), New Residential Investment (NRZ), Washington Prime Group (WPG), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), DHT (DHT), EnLink Midstream (ENLC), Orchid Island Capital (ORC), Pennsylvania R.E.I.T. (PEI) and NY MTG TR INC/SH (NYMT).

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

NGL Energy Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (11.21%), UBS Group AG (1.30%), Bank of America Corp DE (0.57%), Bank of Montreal Can (0.36%), Advisor Group Holdings Inc. (0.23%) and Virtu Financial LLC (0.09%). Company insiders that own NGL Energy Partners stock include Derek S Reiners, H Michael Krimbill, James M Collingsworth, John Ciolek, John T Raymond, Kurston Patrick Mcmurray and Robert W Karlovich III.
View institutional ownership trends for NGL Energy Partners.

NGL stock was sold by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Bank of America Corp DE, UBS Group AG, Glenmede Trust Co. NA, Tranquility Partners LLC, Teacher Retirement System of Texas, and Stifel Financial Corp.
View insider buying and selling activity for NGL Energy Partners.

NGL stock was purchased by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Virtu Financial LLC, Sumitomo Mitsui Trust Holdings Inc., Leap Investments LP, Goldman Sachs Group Inc., Bank of Montreal Can, Good Life Advisors LLC, and CWM Advisors LLC. Company insiders that have bought NGL Energy Partners stock in the last two years include Derek S Reiners, H Michael Krimbill, James M Collingsworth, John Ciolek, Kurston Patrick Mcmurray, and Robert W Karlovich III.
View insider buying and selling activity for NGL Energy Partners.

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

One share of NGL stock can currently be purchased for approximately $3.53.

NGL Energy Partners has a market capitalization of $454.57 million and generates $7.58 billion in revenue each year. The oil and gas company earns $-397,010,000.00 in net income (profit) each year or $0.61 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' 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]