NGL Energy Partners LP (NYSE:NGL) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.75.
NGL has been the topic of several analyst reports. Zacks Investment Research raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, January 16th. Wells Fargo & Co reaffirmed a “hold” rating on shares of NGL Energy Partners in a report on Wednesday, February 13th. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group lowered shares of NGL Energy Partners from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $15.00 in a report on Wednesday, February 20th.
Shares of NGL stock traded up $0.18 during mid-day trading on Thursday, reaching $14.70. The company’s stock had a trading volume of 13,315 shares, compared to its average volume of 999,130. NGL Energy Partners has a 1-year low of $8.71 and a 1-year high of $14.83. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -21.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.89 and a current ratio of 1.25.
NGL Energy Partners (NYSE:NGL) last posted its earnings results on Monday, February 11th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.49. NGL Energy Partners had a net margin of 1.51% and a return on equity of 1.21%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.11 billion. On average, sell-side analysts predict that NGL Energy Partners will post -0.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.61%. The ex-dividend date was Monday, May 6th. NGL Energy Partners’s payout ratio is -229.41%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of NGL Energy Partners in the third quarter worth $218,000. JPMorgan Chase & Co. grew its stake in shares of NGL Energy Partners by 43.6% in the third quarter. JPMorgan Chase & Co. now owns 3,455,392 shares of the oil and gas company’s stock worth $40,083,000 after acquiring an additional 1,049,863 shares in the last quarter. Gradient Investments LLC grew its stake in shares of NGL Energy Partners by 4,199.9% in the fourth quarter. Gradient Investments LLC now owns 42,999 shares of the oil and gas company’s stock worth $412,000 after acquiring an additional 41,999 shares in the last quarter. Bank of Montreal Can grew its stake in shares of NGL Energy Partners by 681.2% in the fourth quarter. Bank of Montreal Can now owns 1,492,890 shares of the oil and gas company’s stock worth $14,317,000 after acquiring an additional 1,301,794 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of NGL Energy Partners by 106.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 298,400 shares of the oil and gas company’s stock worth $2,862,000 after purchasing an additional 154,000 shares in the last quarter. 64.20% of the stock is currently owned by institutional investors and hedge funds.
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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