November 30, 2016 - By Louis Casey
Equities researchers at Stifel have $19.0 PT on NGL Energy Partners (NYSE:NGL). Stifel’s PT indicates a potential upside of 7.65% from the company’s close price. The rating was revealed to investors in an analyst note on Wednesday morning.
Out of 8 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. $32 is the highest target while $6 is the lowest. The $13.67 average target is -22.55% below today’s ($17.65) stock price. NGL ENERGY PARTNERS LP has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Wunderlich maintained NGL Energy Partners LP (NYSE:NGL) on Thursday, February 11 with “Hold” rating. The firm earned “Equal Weight” rating on Tuesday, August 11 by Barclays Capital. The rating was maintained by RBC Capital Markets on Friday, February 12 with “Outperform”. The stock has “Buy” rating given by Stifel Nicolaus on Monday, December 14. The company was downgraded on Friday, March 11 by Goldman Sachs. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Buy” rating by Wunderlich on Tuesday, August 25. The firm has “Buy” rating by Wunderlich given on Monday, June 13. The company was maintained on Wednesday, November 11 by Wunderlich. The firm has “Underperform” rating given on Thursday, December 10 by Bank of America. The rating was upgraded by Stifel Nicolaus on Friday, June 3 to “Buy”.
The stock closed at $17.65 during the last session. It is down 25.44% since April 27, 2016 and is uptrending. It has outperformed by 20.22% the S&P500.
Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on February, 14. They expect $0.43 EPS, up 1,333.33% or $0.40 from last year’s $0.03 per share. NGL’s profit will be $45.07 million for 10.26 P/E if the $0.43 EPS becomes a reality. After $-0.71 actual EPS reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts -160.56% EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.74, from 0.79 in 2016Q1. The ratio increased, as 21 funds sold all NGL Energy Partners LP shares owned while 36 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 58.16 million shares or 6.69% more from 54.52 million shares in 2016Q1.
Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.52% of its portfolio in the stock. Raymond James Associate owns 25,208 shares or 0% of their US portfolio. Solaris Asset Llc holds 0.04% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 3,125 shares. Acadian Asset Mgmt Lc has 242,393 shares for 0.02% of their US portfolio. Toronto Dominion Comml Bank has 0% invested in the company for 4,490 shares. Penbrook Ltd has 17,900 shares for 0.38% of their US portfolio. Penn Mngmt Inc last reported 10,811 shares in the company. Nbw Cap Limited Com holds 201,847 shares or 1.2% of its portfolio. Babson Capital Management Limited owns 59,700 shares or 0.03% of their US portfolio. Landscape Cap Mgmt Ltd Llc holds 0.09% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 34,100 shares. Northern Trust Corporation accumulated 141,100 shares or 0% of the stock. Highland Cap Mngmt Limited Partnership, a Texas-based fund reported 132,412 shares. Jpmorgan Chase Com last reported 1.63M shares in the company. Bridgecreek Investment Limited Liability Co has invested 2.1% of its portfolio in NGL Energy Partners LP (NYSE:NGL). Raymond James Services has 0.03% invested in the company for 156,486 shares.
Insider Transactions: Since July 6, 2016, the stock had 3 insider buys, and 8 insider sales for $5,426 net activity. Coady Shawn W sold $104,729 worth of stock or 5,748 shares. $346,112 worth of NGL Energy Partners LP (NYSE:NGL) shares were bought by KRIMBILL H MICHAEL. 13,486 shares were sold by Osterman Vincent J, worth $249,086. Thuillier Lawrence J. had sold 912 shares worth $16,617. On Thursday, July 7 the insider Burke James J sold $239,312. Karlovich Robert W III sold $197,260 worth of stock. Shares for $350,478 were bought by COLLINGSWORTH JAMES M.
NGL Energy Partners LP owns and operates a vertically integrated energy business. The company has a market cap of $1.85 billion. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. It currently has negative earnings. The Company’s crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.
According to Zacks Investment Research, “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.”
NGL Energy Partners LP, incorporated on October 8, 2010, owns and operates a vertically integrated energy business. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other.
More notable recent NGL Energy Partners LP (NYSE:NGL) news were published by: Businesswire.com which released: “NGL Energy Partners LP to Attend 2016 RBC Capital Markets’ MLP Conference and …” on November 11, 2016, also Fool.com with their article: “A $200 Million Cash Infusion Sends NGL Energy Partners LP Soaring Today” published on April 22, 2016, Fool.com published: “Here’s What Fueled NGL Energy Partners LP’s Sell-Off Today” on February 10, 2016. More interesting news about NGL Energy Partners LP (NYSE:NGL) were released by: Businesswire.com and their article: “NGL Energy Partners LP Announces the Acquisition of Point Comfort Terminal Assets” published on October 03, 2016 as well as Businesswire.com‘s news article titled: “NGL Energy Partners LP Announces $400 Million Offering of Senior Notes” with publication date: October 04, 2016.
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By Louis Casey