Favorable Media Coverage Somewhat Unlikely to Impact NGL Energy Partners (NGL) Stock Price
Media stories about NGL Energy Partners (NYSE:NGL) have trended positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NGL Energy Partners earned a news impact score of 0.30 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.6202013259797 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Oklahoma energy stocks fall on oil price decline (newsok.com)
- Simmons First National (SFNC) At $59.35 Forms Top; NGL Energy … – Screen Gonzo (screengonzo.com)
- NGL Energy Partners (NGL) Set to Announce Quarterly Earnings on Friday (americanbankingnews.com)
- 3 Days Left To Cash In On NGL Energy Partners LP (NYSE:NGL) Dividend, Should You Buy? (finance.yahoo.com)
NGL Energy Partners (NGL) traded up $0.20 during midday trading on Thursday, reaching $15.75. 92,999 shares of the company’s stock were exchanged, compared to its average volume of 788,568. NGL Energy Partners has a 52 week low of $8.57 and a 52 week high of $24.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99. The firm has a market capitalization of $1,910.00, a PE ratio of -7.50 and a beta of 0.79.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.56 dividend on an annualized basis and a yield of 9.90%. NGL Energy Partners’s payout ratio is currently -74.29%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Credit Suisse Group assumed coverage on shares of NGL Energy Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $16.00 price target on the stock. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 price target (up previously from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of NGL Energy Partners from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.40.
In related news, CFO Robert W. Karlovich III bought 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average price of $11.66 per share, with a total value of $116,600.00. Following the completion of the transaction, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at approximately $1,158,071.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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About NGL Energy Partners
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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