Several brokerages have updated their recommendations and price targets on shares of Ngl Energy Partners Lp (NYSE: NGL) in the last few weeks:

  • 8/4/2017 – Ngl Energy Partners Lp had its price target lowered by analysts at Royal Bank Of Canada from $20.00 to $14.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – Ngl Energy Partners Lp had its price target lowered by analysts at UBS AG from $18.00 to $14.00. They now have a “buy” rating on the stock.
  • 8/2/2017 – Ngl Energy Partners Lp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma. “
  • 7/27/2017 – Ngl Energy Partners Lp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/19/2017 – Ngl Energy Partners Lp had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $13.00 price target on the stock.
  • 7/17/2017 – Ngl Energy Partners Lp was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating.
  • 7/12/2017 – Ngl Energy Partners Lp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/29/2017 – Ngl Energy Partners Lp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/28/2017 – Ngl Energy Partners Lp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma. “
  • 6/16/2017 – Ngl Energy Partners Lp had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $13.00 price target on the stock, down previously from $15.00.

Shares of Ngl Energy Partners Lp (NGL) opened at 10.65 on Thursday. The company has a market capitalization of $1.29 billion, a PE ratio of 11.21 and a beta of 0.50. Ngl Energy Partners Lp has a 52-week low of $9.63 and a 52-week high of $25.80. The stock’s 50 day moving average price is $12.80 and its 200-day moving average price is $18.16.

Ngl Energy Partners Lp (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. Ngl Energy Partners Lp had a negative net margin of 0.73% and a negative return on equity of 5.00%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, analysts expect that Ngl Energy Partners Lp will post $0.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 14.65%. The ex-dividend date is Wednesday, August 2nd. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is -124.80%.

In related news, Director Highstar Capital Iv, L.P. sold 200,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $13.70, for a total transaction of $2,740,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 477,653 shares of company stock worth $6,541,910.

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.

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