NGL Energy Partners LP (NYSE:NGL)’s share price was down 2% during mid-day trading on Wednesday . The company traded as low as $18.08 and last traded at $18.75, with a volume of 715,397 shares. The stock had previously closed at $19.13.

A number of equities analysts have issued reports on NGL shares. Wunderlich lifted their price objective on shares of NGL Energy Partners from $7.50 to $13.50 and gave the stock a “hold” rating in a report on Monday, May 2nd. Zacks Investment Research raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, April 28th. Goldman Sachs Group Inc. downgraded shares of NGL Energy Partners from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $12.00 to $6.00 in a report on Friday, March 11th. Stifel Nicolaus raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $16.63 to $18.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Finally, Barclays PLC initiated coverage on shares of NGL Energy Partners in a report on Wednesday, April 13th. They set an “equal weight” rating and a $8.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. NGL Energy Partners currently has an average rating of “Hold” and a consensus price target of $13.50.

The stock’s 50 day moving average price is $17.20 and its 200 day moving average price is $11.59. The stock’s market cap is $1.95 billion.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Friday, May 27th. The company reported ($1.99) EPS for the quarter, missing the consensus estimate of $0.54 by $2.53. On average, equities analysts anticipate that NGL Energy Partners LP will post $1.18 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Alps Advisors Inc. increased its position in NGL Energy Partners by 8.4% in the fourth quarter. Alps Advisors Inc. now owns 7,202,476 shares of the company’s stock valued at $79,515,000 after buying an additional 560,036 shares during the period. Morgan Stanley increased its stake in shares of NGL Energy Partners by 27.6% in the fourth quarter. Morgan Stanley now owns 2,188,227 shares of the company’s stock valued at $24,158,000 after buying an additional 473,736 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of NGL Energy Partners during the fourth quarter valued at about $4,254,000. Atlantic Trust Group LLC increased its stake in shares of NGL Energy Partners by 136.1% in the fourth quarter. Atlantic Trust Group LLC now owns 367,530 shares of the company’s stock valued at $4,057,000 after buying an additional 211,830 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of NGL Energy Partners by 13.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,478,553 shares of the company’s stock valued at $16,323,000 after buying an additional 176,054 shares during the period.

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