NGL Energy Partners LP (NGL) Expected to Post Quarterly Sales of $6.46 Billion
Equities research analysts expect NGL Energy Partners LP (NYSE:NGL) to announce sales of $6.46 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NGL Energy Partners’ earnings. The lowest sales estimate is $6.45 billion and the highest is $6.46 billion. NGL Energy Partners posted sales of $5.11 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The company is expected to issue its next earnings report on Wednesday, May 29th.
On average, analysts expect that NGL Energy Partners will report full-year sales of $24.94 billion for the current fiscal year, with estimates ranging from $24.74 billion to $25.34 billion. For the next year, analysts anticipate that the firm will report sales of $24.78 billion, with estimates ranging from $21.32 billion to $27.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for NGL Energy Partners.
NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Monday, February 11th. The oil and gas company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.49. NGL Energy Partners had a net margin of 1.51% and a return on equity of 1.21%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.11 billion.
Institutional investors have recently bought and sold shares of the business. Capital Investment Advisory Services LLC acquired a new position in NGL Energy Partners in the fourth quarter worth approximately $35,000. Oppenheimer Asset Management Inc. purchased a new position in NGL Energy Partners during the 4th quarter worth approximately $78,000. Advisor Group Inc. grew its position in NGL Energy Partners by 77.8% during the 4th quarter. Advisor Group Inc. now owns 10,833 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 4,739 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in NGL Energy Partners during the 4th quarter worth approximately $109,000. Finally, Requisite Energy Fund I LP purchased a new position in NGL Energy Partners during the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.
Shares of NYSE NGL traded down $0.03 during mid-day trading on Tuesday, reaching $13.94. 1,134,000 shares of the company traded hands, compared to its average volume of 1,234,797. NGL Energy Partners has a fifty-two week low of $8.71 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a market capitalization of $1.76 billion, a PE ratio of -20.50 and a beta of 1.30.
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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