NGL Energy Partners LP (NYSE:NGL) shares shot up 6.8% on Tuesday . The company traded as high as $19.41 and last traded at $19.25, with a volume of 500,618 shares traded. The stock had previously closed at $18.02.

A number of analysts have recently commented on NGL shares. Wunderlich upped their price objective on shares of NGL Energy Partners from $7.50 to $13.50 and gave the company a “hold” rating in a research note 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 for the company in a research note on Thursday, April 28th. Stifel Nicolaus upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and boosted their target price for the company from $16.63 to $18.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Barclays PLC began coverage on shares of NGL Energy Partners in a report on Wednesday, April 13th. They issued an “equal weight” rating and a $8.00 target price on the stock. Finally, Bank of America Corp. upgraded shares of NGL Energy Partners from an “underperform” rating to a “neutral” rating in a report on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

The company’s 50-day moving average price is $18.06 and its 200-day moving average price is $11.93. The company’s market cap is $1.96 billion.

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

In related news, President James J. Burke sold 13,070 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $18.31, for a total value of $239,311.70. Following the completion of the sale, the president now owns 169,815 shares of the company’s stock, valued at $3,109,312.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lawrence J. Thuillier sold 4,256 shares of the company’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $18.47, for a total transaction of $78,608.32. Following the completion of the sale, the chief accounting officer now directly owns 25,744 shares of the company’s stock, valued at approximately $475,491.68. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of NGL. PNC Financial Services Group Inc. raised its stake in NGL Energy Partners by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 97,819 shares of the company’s stock worth $1,080,000 after buying an additional 2,230 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in NGL Energy Partners by 6.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 127,200 shares of the company’s stock worth $1,404,000 after buying an additional 8,000 shares in the last quarter. OppenheimerFunds Inc. raised its stake in NGL Energy Partners by 0.3% in the fourth quarter. OppenheimerFunds Inc. now owns 10,317,996 shares of the company’s stock worth $113,910,000 after buying an additional 31,444 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in 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 worth $16,323,000 after buying an additional 176,054 shares in the last quarter. Finally, Atlantic Trust Group LLC raised its stake in NGL Energy Partners by 136.1% in the fourth quarter. Atlantic Trust Group LLC now owns 367,530 shares of the company’s stock worth $4,057,000 after buying an additional 211,830 shares in the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.