Analysts expect NGL Energy Partners LP (NYSE:NGL) to report $4.83 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NGL Energy Partners’ earnings, with estimates ranging from $4.44 billion to $5.22 billion. NGL Energy Partners posted sales of $3.92 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.2%. The business is scheduled to report its next quarterly earnings results on Monday, November 5th.

On average, analysts expect that NGL Energy Partners will report full year sales of $21.68 billion for the current year, with estimates ranging from $20.92 billion to $22.51 billion. For the next year, analysts anticipate that the company will post sales of $21.06 billion, with estimates ranging from $19.99 billion to $22.19 billion. Zacks’ sales averages are an average based on a survey of analysts that follow NGL Energy Partners.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.93). NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.53 billion.

Several equities research analysts recently commented on NGL shares. Bank of America dropped their price objective on NGL Energy Partners from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, October 1st. ValuEngine raised NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. TheStreet raised NGL Energy Partners from a “d+” rating to a “c-” rating in a research report on Monday, June 25th. Stifel Nicolaus increased their price objective on NGL Energy Partners from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, August 14th. Finally, Wells Fargo & Co dropped their price objective on NGL Energy Partners from $14.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, September 24th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.00.

In other news, Director John T. Raymond bought 50,000 shares of the stock in a transaction on Friday, September 14th. The shares were bought at an average price of $11.04 per share, with a total value of $552,000.00. Following the completion of the acquisition, the director now owns 50,000 shares in the company, valued at $552,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Michael Krimbill bought 20,000 shares of the stock in a transaction on Friday, August 31st. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $233,000.00. The disclosure for this purchase can be found here.

Hedge funds have recently bought and sold shares of the business. OppenheimerFunds Inc. lifted its holdings in NGL Energy Partners by 6.0% in the second quarter. OppenheimerFunds Inc. now owns 17,121,298 shares of the oil and gas company’s stock valued at $214,016,000 after acquiring an additional 968,983 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in NGL Energy Partners by 37.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 810,165 shares of the oil and gas company’s stock valued at $10,127,000 after acquiring an additional 220,165 shares during the period. Van ECK Associates Corp lifted its holdings in NGL Energy Partners by 10.9% in the second quarter. Van ECK Associates Corp now owns 256,167 shares of the oil and gas company’s stock valued at $3,202,000 after acquiring an additional 25,128 shares during the period. HITE Hedge Asset Management LLC lifted its holdings in NGL Energy Partners by 3.6% in the second quarter. HITE Hedge Asset Management LLC now owns 2,874,064 shares of the oil and gas company’s stock valued at $35,926,000 after acquiring an additional 99,982 shares during the period. Finally, Miller Value Partners LLC bought a new position in NGL Energy Partners in the second quarter valued at about $3,125,000. 63.34% of the stock is currently owned by institutional investors.

Shares of NGL Energy Partners stock traded up $0.11 during trading on Monday, hitting $11.48. 784,913 shares of the company’s stock traded hands, compared to its average volume of 809,115. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.59. NGL Energy Partners has a 1 year low of $10.00 and a 1 year high of $17.65. The stock has a market capitalization of $1.42 billion, a PE ratio of -16.88 and a beta of 1.16.

About NGL Energy Partners

NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.

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