ValuEngine lowered shares of NGL Energy Partners (NYSE:NGL) from a hold rating to a sell rating in a report published on Monday morning.

Several other equities research analysts also recently weighed in on NGL. TheStreet raised NGL Energy Partners from a d+ rating to a c- rating in a report on Monday, June 25th. Zacks Investment Research raised NGL Energy Partners from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Wednesday, June 6th. Wells Fargo & Co decreased their price target on NGL Energy Partners from $14.00 to $11.00 and set a market perform rating for the company in a report on Monday. Bank of America began coverage on NGL Energy Partners in a report on Tuesday, July 10th. They set a buy rating and a $15.00 price target for the company. Finally, Stifel Nicolaus increased their price target on NGL Energy Partners from $12.00 to $13.00 and gave the stock a hold rating in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $14.43.

Shares of NYSE NGL opened at $10.65 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.59 and a debt-to-equity ratio of 1.63. NGL Energy Partners has a 1-year low of $10.00 and a 1-year high of $17.65.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.53 billion. equities research analysts expect that NGL Energy Partners will post -0.44 EPS for the current fiscal year.

In other NGL Energy Partners news, Director John T. Raymond bought 50,000 shares of NGL Energy Partners stock in a transaction on Friday, September 14th. The stock was bought at an average price of $11.04 per share, with a total value of $552,000.00. Following the completion of the acquisition, the director now owns 50,000 shares in the company, valued at $552,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Michael Krimbill bought 20,000 shares of NGL Energy Partners stock in a transaction on Friday, August 31st. The stock was acquired at an average cost of $11.65 per share, with a total value of $233,000.00. The disclosure for this purchase can be found here.

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

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.

Further Reading: How is a Moving Average Calculated?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

Receive News & Ratings for NGL Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGL Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.