November 30, 2016 - By Marguerite Chambers
Stifel have a $19 target price per share on the stock. The target price per share indicates a potential upside of 7.65% from NGL Energy Partners (NYSE:NGL)‘s previous stock close. This rating was revealed in a research report 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. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, November 11 report. As per Wednesday, November 11, the company rating was maintained by Wunderlich. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Outperform” rating by RBC Capital Markets on Friday, February 12. On Friday, September 9 the stock rating was initiated by FBR Capital with “Mkt Perform”. The firm earned “Hold” rating on Thursday, February 11 by Wunderlich. On Monday, January 11 the stock rating was downgraded by Wunderlich to “Hold”. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Buy” rating by Stifel Nicolaus on Friday, June 3. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, November 11. The firm has “Mkt Perform” rating by Raymond James given on Monday, January 4. Barclays Capital maintained it with “Equal Weight” rating and $31.0 target price in Tuesday, August 11 report.
The stock decreased 2.22% or $0.4 during the last trading session, hitting $17.65. NGL Energy Partners LP (NYSE:NGL) has risen 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 $45.07M 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 2016 Q2. Its up 0.74, from 0.79 in 2016Q1. The ratio improved, 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.
Toronto Dominion Bancorp last reported 4,490 shares in the company. The New York-based Goldman Sachs has invested 0% in NGL Energy Partners LP (NYSE:NGL). Gsa Prtnrs Ltd Liability Partnership holds 0.07% or 65,798 shares in its portfolio. Ngp Mr Limited Company reported 176,634 shares or 2.38% of all its holdings. Deutsche National Bank & Trust Ag owns 183,171 shares or 0% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.52% of its portfolio in the stock. Raymond James Fincl Service has 0.03% invested in the company for 156,486 shares. Moreover, Penn Cap Management Co has 0.01% invested in NGL Energy Partners LP (NYSE:NGL) for 10,811 shares. Cetera Advisor Lc has 32,738 shares for 0.04% of their US portfolio. Acadian Asset holds 0.02% or 242,393 shares in its portfolio. Wells Fargo & Mn reported 287,527 shares or 0% of all its holdings. Asset Mngmt, a Colorado-based fund reported 81,976 shares. Guggenheim Llc holds 45,275 shares or 0% of its portfolio. X Lc accumulated 0.02% or 24,740 shares. Credit Suisse Ag has invested 0% of its portfolio in NGL Energy Partners LP (NYSE:NGL).
Insider Transactions: Since July 6, 2016, the stock had 3 buys, and 8 sales for $5,426 net activity. Shares for $350,478 were bought by COLLINGSWORTH JAMES M on Monday, November 14. 20,000 NGL Energy Partners LP (NYSE:NGL) shares with value of $346,112 were bought by KRIMBILL H MICHAEL. Osterman Vincent J sold $249,086 worth of stock. Burke James J sold $239,312 worth of stock. Karlovich Robert W III had sold 10,680 shares worth $197,260 on Wednesday, July 6. Coady Shawn W sold 5,748 shares worth $104,729. Thuillier Lawrence J. sold $78,608 worth of NGL Energy Partners LP (NYSE:NGL) on Wednesday, July 6.
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 Transaction with ArcLight Capital Partners” published on January 08, 2016 as well as Businesswire.com‘s news article titled: “NGL Energy Partners LP Announces the Acquisition of Point Comfort Terminal Assets” with publication date: October 03, 2016.
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