NGL Energy Partners LP (NYSE:NGL) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.33.
NGL has been the subject of several research reports. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. FBR & Co initiated coverage on shares of NGL Energy Partners in a research report on Friday, September 9th. They set a “market perform” rating and a $21.00 price target for the company. Finally, Stifel Nicolaus upped their price target on shares of NGL Energy Partners from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 5th.
NGL Energy Partners (NYSE:NGL) opened at 18.55 on Monday. NGL Energy Partners has a 1-year low of $5.57 and a 1-year high of $20.50. The firm’s 50 day moving average is $18.43 and its 200 day moving average is $17.94. The stock’s market capitalization is $1.99 billion.
NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Friday, November 4th. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.58. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.97 billion. On average, equities research analysts anticipate that NGL Energy Partners will post $2.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.56 annualized dividend and a yield of 8.41%.
In other NGL Energy Partners news, Director James M. Collingsworth purchased 20,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was acquired at an average cost of $17.52 per share, for a total transaction of $350,400.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Michael Krimbill purchased 30,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was acquired at an average price of $18.13 per share, with a total value of $543,900.00. Following the completion of the purchase, the chief executive officer now directly owns 789,417 shares in the company, valued at $14,312,130.21. The disclosure for this purchase can be found here.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in NGL Energy Partners by 110.4% in the third quarter. Proficio Capital Partners LLC now owns 9,934 shares of the company’s stock valued at $187,000 after buying an additional 5,212 shares during the last quarter. Penn Capital Management Co. Inc. acquired a new position in NGL Energy Partners during the second quarter valued at $209,000. Oppenheimer & Co. Inc. increased its position in NGL Energy Partners by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 10,950 shares of the company’s stock valued at $206,000 after buying an additional 400 shares during the last quarter. HAP Trading LLC acquired a new position in NGL Energy Partners during the second quarter valued at $221,000. Finally, Americafirst Capital Management LLC acquired a new position in NGL Energy Partners during the third quarter valued at $232,000.