NGL ENERGY PARTNERS LP (NYSE:NGL)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Sunday. They currently have a $10.00 target price on the oil and gas company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 13.79% from the company’s current price.

A number of other brokerages have also recently weighed in on NGL. TheStreet cut shares of NGL ENERGY PARTNERS from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of NGL ENERGY PARTNERS from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. UBS AG reduced their price target on shares of NGL ENERGY PARTNERS from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Zacks Investment Research raised shares of NGL ENERGY PARTNERS from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Wells Fargo & Company cut shares of NGL ENERGY PARTNERS from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.17.

Shares of NGL ENERGY PARTNERS (NYSE NGL) opened at 11.60 on Friday. The company’s 50-day moving average is $11.09 and its 200 day moving average is $12.67. NGL ENERGY PARTNERS has a 52 week low of $8.57 and a 52 week high of $25.80. The stock’s market capitalization is $1.41 billion.

NGL ENERGY PARTNERS (NYSE:NGL) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.21). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $2.59 billion. NGL ENERGY PARTNERS had a negative net margin of 0.73% and a negative return on equity of 5.00%. On average, equities analysts forecast that NGL ENERGY PARTNERS will post ($0.09) EPS for the current fiscal year.

NGL ENERGY PARTNERS announced that its board has initiated a share repurchase plan on Tuesday, August 29th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Stifel Nicolaus Reiterates “Hold” Rating for NGL ENERGY PARTNERS LP (NGL)” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/30/stifel-nicolaus-reiterates-hold-rating-for-ngl-energy-partners-lp-ngl.html.

In other news, CEO H Michael Krimbill acquired 75,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $8.86 per share, for a total transaction of $664,500.00. Following the completion of the purchase, the chief executive officer now directly owns 814,417 shares of the company’s stock, valued at approximately $7,215,734.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in shares of NGL ENERGY PARTNERS by 1.1% in the first quarter. HighTower Advisors LLC now owns 60,098 shares of the oil and gas company’s stock worth $1,358,000 after buying an additional 665 shares during the last quarter. Creative Planning increased its stake in shares of NGL ENERGY PARTNERS by 2.0% in the second quarter. Creative Planning now owns 46,470 shares of the oil and gas company’s stock worth $651,000 after buying an additional 900 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of NGL ENERGY PARTNERS by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 122,535 shares of the oil and gas company’s stock worth $1,715,000 after buying an additional 1,231 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of NGL ENERGY PARTNERS by 5.9% in the second quarter. Alliancebernstein L.P. now owns 22,077 shares of the oil and gas company’s stock worth $309,000 after buying an additional 1,236 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of NGL ENERGY PARTNERS by 7.8% in the second quarter. US Bancorp DE now owns 18,669 shares of the oil and gas company’s stock worth $261,000 after buying an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

NGL ENERGY PARTNERS Company Profile

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 (NYSE:NGL)

Receive News & Ratings for NGL ENERGY PARTNERS LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGL ENERGY PARTNERS LP and related companies with MarketBeat.com's FREE daily email newsletter.