Equities analysts expect that NGL Energy Partners LP (NYSE:NGL) will announce earnings per share (EPS) of $0.01 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NGL Energy Partners’ earnings, with estimates ranging from ($0.10) to $0.06. NGL Energy Partners posted earnings of ($0.60) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 101.7%. The firm is expected to report its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that NGL Energy Partners will report full year earnings of ($0.46) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.51 per share, with EPS estimates ranging from ($0.12) to $0.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow NGL Energy Partners.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.53 billion.

A number of equities analysts have weighed in on NGL shares. Zacks Investment Research raised NGL Energy Partners from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, June 6th. ValuEngine raised NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Bank of America started coverage on NGL Energy Partners in a research report on Tuesday, July 10th. They issued a “buy” rating and a $15.00 target price for the company. TheStreet raised NGL Energy Partners from a “d+” rating to a “c-” rating in a research report on Monday, June 25th. Finally, Stifel Nicolaus boosted their target price on NGL Energy Partners from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.43.

NYSE:NGL traded down $0.30 during mid-day trading on Wednesday, reaching $10.65. The company’s stock had a trading volume of 572,700 shares, compared to its average volume of 811,431. NGL Energy Partners has a 12-month low of $10.00 and a 12-month high of $17.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.59 and a current ratio of 2.14. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -15.88 and a beta of 1.15.

In other news, CEO H Michael Krimbill purchased 20,000 shares of the business’s stock in a transaction on Friday, August 31st. The stock was acquired at an average cost of $11.65 per share, for a total transaction of $233,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Raymond purchased 50,000 shares of the business’s stock in a transaction on Friday, September 14th. The shares were purchased at an average price of $11.04 per share, with a total value of $552,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at $552,000. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in shares of NGL Energy Partners by 12.5% during the 2nd quarter. Northern Trust Corp now owns 46,927 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 5,224 shares during the period. Miller Value Partners LLC bought a new stake in shares of NGL Energy Partners during the 2nd quarter valued at about $3,125,000. Centaurus Financial Inc. bought a new stake in shares of NGL Energy Partners during the 2nd quarter valued at about $246,000. First Republic Investment Management Inc. bought a new stake in shares of NGL Energy Partners during the 2nd quarter valued at about $685,000. Finally, Raymond James & Associates grew its stake in shares of NGL Energy Partners by 9.7% during the 2nd quarter. Raymond James & Associates now owns 84,089 shares of the oil and gas company’s stock valued at $1,051,000 after purchasing an additional 7,465 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NGL Energy Partners Company Profile

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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