Stifel Nicolaus reaffirmed their hold rating on shares of NGL ENERGY PARTNERS LP (NYSE:NGL) in a report released on Wednesday. The brokerage currently has a $13.00 price target on the oil and gas company’s stock.

NGL has been the topic of several other reports. Zacks Investment Research lowered shares of NGL ENERGY PARTNERS from a hold rating to a sell rating in a report on Wednesday, April 26th. Royal Bank Of Canada decreased their target price on shares of NGL ENERGY PARTNERS from $27.00 to $24.00 and set an outperform rating on the stock in a report on Tuesday, April 25th. FBR & Co lowered shares of NGL ENERGY PARTNERS from an outperform rating to a market perform rating and decreased their target price for the company from $28.00 to $22.00 in a report on Tuesday, April 25th. BidaskClub upgraded shares of NGL ENERGY PARTNERS from a strong sell rating to a sell rating in a report on Thursday, June 29th. Finally, Wells Fargo & Company lowered shares of NGL ENERGY PARTNERS from an outperform rating to a market perform rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. NGL ENERGY PARTNERS has a consensus rating of Hold and an average target price of $21.43.

NGL ENERGY PARTNERS (NYSE:NGL) traded down 0.78% during mid-day trading on Wednesday, reaching $12.65. 465,956 shares of the company were exchanged. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.32 and a beta of 0.53. NGL ENERGY PARTNERS has a 1-year low of $11.50 and a 1-year high of $25.80. The company has a 50 day moving average of $13.09 and a 200-day moving average of $18.86.

NGL ENERGY PARTNERS (NYSE:NGL) last posted its quarterly earnings results on Thursday, May 25th. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $2.77 billion. NGL ENERGY PARTNERS had a net margin of 1.05% and a return on equity of 6.78%. On average, equities research analysts forecast that NGL ENERGY PARTNERS will post $0.26 EPS for the current year.

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In other news, Director Highstar Capital Iv, L.P. sold 157,559 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were 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 available through this link. Over the last 90 days, insiders sold 477,653 shares of company stock worth $6,541,910.

A number of large investors have recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of NGL ENERGY PARTNERS by 1.1% in the first quarter. HighTower Advisors LLC now owns 60,098 shares of the oil and gas company’s stock valued at $1,358,000 after buying an additional 665 shares during the last quarter. Creative Planning increased its stake in shares of NGL ENERGY PARTNERS by 2.0% in the second quarter. Creative Planning now owns 46,470 shares of the oil and gas company’s stock valued at $651,000 after buying an additional 900 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of NGL ENERGY PARTNERS by 1.1% in the first quarter. PNC Financial Services Group Inc. now owns 89,230 shares of the oil and gas company’s stock valued at $2,016,000 after buying an additional 964 shares during the last quarter. Greenwich Investment Management Inc. increased its stake in shares of NGL ENERGY PARTNERS by 1.4% in the first quarter. Greenwich Investment Management Inc. now owns 75,060 shares of the oil and gas company’s stock valued at $1,696,000 after buying an additional 1,000 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of NGL ENERGY PARTNERS by 3.9% in the first quarter. Global X Management Co. LLC now owns 29,556 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 1,121 shares during the last quarter. 76.96% of the stock is currently owned by hedge funds and other institutional investors.

NGL ENERGY PARTNERS 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 (NYSE:NGL)

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