NGL Energy Partners LP (NGL) Receives Consensus Rating of “Buy” from Analysts

Shares of NGL Energy Partners LP (NYSE:NGL) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.14.

Several equities analysts recently weighed in on NGL shares. Zacks Investment Research downgraded shares of NGL Energy Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 17th. Guggenheim started coverage on shares of NGL Energy Partners in a report on Monday, December 3rd. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Bank of America set a $15.00 price target on shares of NGL Energy Partners and gave the stock a “buy” rating in a report on Wednesday, November 7th.

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NYSE:NGL traded up $0.48 during midday trading on Tuesday, hitting $11.98. The company’s stock had a trading volume of 1,899,675 shares, compared to its average volume of 1,252,499. NGL Energy Partners has a fifty-two week low of $8.71 and a fifty-two week high of $13.65. The company has a current ratio of 1.08, a quick ratio of 0.75 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.42 billion, a PE ratio of -17.62 and a beta of 1.26.

NGL Energy Partners (NYSE:NGL) last issued its quarterly 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 1.40% and a negative return on equity of 1.57%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.11 billion. Equities research analysts predict that NGL Energy Partners will post -0.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Wednesday, February 6th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, February 5th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.02%. NGL Energy Partners’s payout ratio is -229.41%.

In other news, CEO H Michael Krimbill acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average price of $9.59 per share, with a total value of $287,700.00. Following the purchase, the chief executive officer now directly owns 1,131,417 shares of the company’s stock, valued at $10,850,289.03. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Several hedge funds and other institutional investors have recently modified their holdings of NGL. Capital Investment Advisory Services LLC acquired a new stake in shares of NGL Energy Partners during the 4th quarter worth approximately $35,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of NGL Energy Partners during the 4th quarter worth approximately $78,000. Advisor Group Inc. grew its stake in shares of NGL Energy Partners by 77.8% during the 4th quarter. Advisor Group Inc. now owns 10,833 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 4,739 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of NGL Energy Partners during the 4th quarter worth approximately $109,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $154,000. 64.61% of the stock is currently owned by institutional investors and hedge funds.

About NGL Energy Partners

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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