Ngl Energy Partners Lp (NYSE:NGL)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research note issued to investors on Wednesday. They presently have a $13.00 target price on the oil and gas company’s stock.

A number of other analysts have also recently weighed in on NGL. Zacks Investment Research upgraded Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. FBR & Co cut Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating and cut their price target for the company from $28.00 to $22.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada cut their price target on Ngl Energy Partners Lp from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 25th. ValuEngine cut Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Ngl Energy Partners Lp from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.43.

Shares of Ngl Energy Partners Lp (NYSE NGL) traded up 1.15% on Wednesday, reaching $13.15. The company had a trading volume of 113,778 shares. Ngl Energy Partners Lp has a 52 week low of $11.50 and a 52 week high of $25.80. The company has a 50 day moving average of $13.13 and a 200-day moving average of $18.94. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.84 and a beta of 0.53.

Ngl Energy Partners Lp (NYSE:NGL) last posted its quarterly earnings results on Thursday, May 25th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Ngl Energy Partners Lp had a return on equity of 6.78% and a net margin of 1.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Analysts predict that Ngl Energy Partners Lp will post $0.26 earnings per share for the current fiscal year.

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In other news, Director Highstar Capital Iv, L.P. sold 25,000 shares of Ngl Energy Partners Lp stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.60, for a total transaction of $315,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 477,653 shares of company stock worth $6,541,910 in the last quarter.

Institutional investors have recently modified their holdings of the stock. CFO4Life Group LLC bought a new position in shares of Ngl Energy Partners Lp during the first quarter valued at about $208,000. Oppenheimer Asset Management Inc. bought a new position in shares of Ngl Energy Partners Lp during the first quarter valued at about $312,000. Friedberg Investment Management boosted its position in shares of Ngl Energy Partners Lp by 44.5% in the first quarter. Friedberg Investment Management now owns 14,448 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 4,450 shares during the period. Allianz Asset Management AG bought a new position in shares of Ngl Energy Partners Lp during the fourth quarter valued at about $365,000. Finally, US Bancorp DE boosted its position in shares of Ngl Energy Partners Lp by 272.5% in the first quarter. US Bancorp DE now owns 17,319 shares of the oil and gas company’s stock valued at $392,000 after buying an additional 12,669 shares during the period. Hedge funds and other institutional investors own 76.96% of the company’s stock.

About Ngl Energy Partners Lp

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

Analyst Recommendations for Ngl Energy Partners Lp (NYSE:NGL)

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