Shares of NGL ENERGY PARTNERS LP (NYSE:NGL) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.17.

A number of analysts recently issued reports on NGL shares. Stifel Nicolaus reiterated a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of NGL ENERGY PARTNERS in a research note on Friday, June 16th. BidaskClub lowered NGL ENERGY PARTNERS from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. TheStreet lowered NGL ENERGY PARTNERS from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. FBR & Co decreased their price objective on NGL ENERGY PARTNERS from $22.00 to $19.00 and set a “mkt perform” rating on the stock in a research note on Thursday, June 8th. Finally, UBS AG decreased their price objective on NGL ENERGY PARTNERS from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 4th.

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NGL ENERGY PARTNERS (NYSE:NGL) traded down 0.56% during mid-day trading on Tuesday, hitting $8.90. The stock had a trading volume of 638,412 shares. The stock’s market capitalization is $1.08 billion. NGL ENERGY PARTNERS has a 52 week low of $8.85 and a 52 week high of $25.80. The company’s 50 day moving average is $11.00 and its 200-day moving average is $16.18.

NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.21. NGL ENERGY PARTNERS had a negative net margin of 0.73% and a negative return on equity of 5.00%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, analysts expect that NGL ENERGY PARTNERS will post $0.14 EPS for the current fiscal year.

NGL ENERGY PARTNERS declared that its board has initiated a share repurchase program on Tuesday, August 29th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 17.43%. The ex-dividend date of this dividend was Wednesday, August 2nd. NGL ENERGY PARTNERS’s payout ratio is currently -124.80%.

In other news, Director Highstar Capital Iv, L.P. sold 95,094 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $13.77, for a total value of $1,309,444.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 277,653 shares of company stock valued at $3,801,910 over the last quarter.

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in NGL ENERGY PARTNERS by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 122,535 shares of the oil and gas company’s stock worth $1,715,000 after buying an additional 1,231 shares during the last quarter. NBW Capital LLC boosted its stake in shares of NGL ENERGY PARTNERS by 2.4% in the second quarter. NBW Capital LLC now owns 400,541 shares of the oil and gas company’s stock valued at $5,608,000 after buying an additional 9,218 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NGL ENERGY PARTNERS by 20.2% in the second quarter. Goldman Sachs Group Inc. now owns 3,073,412 shares of the oil and gas company’s stock valued at $43,028,000 after buying an additional 515,730 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of NGL ENERGY PARTNERS during the second quarter valued at $336,000. Finally, Northern Trust Corp boosted its stake in shares of NGL ENERGY PARTNERS by 3.6% in the second quarter. Northern Trust Corp now owns 43,224 shares of the oil and gas company’s stock valued at $605,000 after buying an additional 1,515 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

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.

Analyst Recommendations for NGL ENERGY PARTNERS (NYSE:NGL)

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