Ngl Energy Partners Lp (NYSE:NGL) had its price target dropped by research analysts at Stifel Nicolaus from $13.00 to $10.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 3.63% from the company’s previous close.

A number of other research analysts have also issued reports on NGL. Zacks Investment Research upgraded Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 18th. FBR & Co lowered Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $28.00 to $22.00 in a report on Tuesday, April 25th. Royal Bank Of Canada decreased their price objective on Ngl Energy Partners Lp from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, April 25th. ValuEngine lowered Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Ngl Energy Partners Lp from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.57.

Shares of Ngl Energy Partners Lp (NGL) traded down 0.52% during midday trading on Wednesday, reaching $9.60. 138,629 shares of the company traded hands. Ngl Energy Partners Lp has a 1-year low of $9.55 and a 1-year high of $25.80. The stock has a 50 day moving average price of $12.44 and a 200 day moving average price of $17.36. The firm’s market capitalization is $1.17 billion.

Ngl Energy Partners Lp (NYSE:NGL) last announced its earnings results 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 Lp had a negative net margin of 0.73% and a negative return on equity of 5.00%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Analysts expect that Ngl Energy Partners Lp will post $0.11 earnings per share for the current fiscal year.

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In other Ngl Energy Partners Lp news, Director Highstar Capital Iv, L.P. sold 157,559 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $13.82, for a total value of $2,177,465.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 477,653 shares of company stock worth $6,541,910 in the last 90 days.

Several hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC increased its stake in shares of Ngl Energy Partners Lp by 410.9% in the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock worth $141,000 after buying an additional 8,164 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Ngl Energy Partners Lp by 32.0% in the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock worth $202,000 after buying an additional 3,500 shares during the period. CFO4Life Group LLC bought a new stake in shares of Ngl Energy Partners Lp during the first quarter worth about $208,000. Proficio Capital Partners LLC increased its stake in shares of Ngl Energy Partners Lp by 68.9% in the second quarter. Proficio Capital Partners LLC now owns 16,990 shares of the oil and gas company’s stock worth $208,000 after buying an additional 6,932 shares during the period. Finally, HAP Trading LLC bought a new stake in shares of Ngl Energy Partners Lp during the second quarter worth about $221,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Ngl Energy Partners Lp Company Profile

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 Lp (NYSE:NGL)

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