ValuEngine downgraded shares of NGL Energy Partners (NYSE:NGL) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research analysts have also issued reports on the company. Bank of America started coverage on NGL Energy Partners in a research report on Tuesday, July 10th. They set a buy rating and a $15.00 target price on the stock. Zacks Investment Research upgraded NGL Energy Partners from a sell rating to a hold rating in a research report on Saturday, May 12th. TheStreet upgraded NGL Energy Partners from a d+ rating to a c- rating in a research report on Monday, June 25th. Finally, Stifel Nicolaus increased their target price on NGL Energy Partners from $12.00 to $13.00 and gave the company a hold rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NGL Energy Partners presently has an average rating of Buy and a consensus price target of $15.00.

Shares of NYSE:NGL traded up $0.20 during midday trading on Friday, reaching $13.15. 1,031,376 shares of the company’s stock traded hands, compared to its average volume of 789,544. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $17.65. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -19.34 and a beta of 1.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.59.

NGL Energy Partners (NYSE:NGL) last announced its earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.93). NGL Energy Partners had a negative net margin of 1.01% and a negative return on equity of 0.54%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $4.53 billion. sell-side analysts expect that NGL Energy Partners will post -0.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Wednesday, August 8th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.86%. The ex-dividend date of this dividend was Tuesday, August 7th. NGL Energy Partners’s dividend payout ratio is currently -229.41%.

In other news, Director James M. Collingsworth acquired 25,870 shares of NGL Energy Partners stock in a transaction that occurred on Tuesday, June 5th. The stock was purchased at an average cost of $11.65 per share, with a total value of $301,385.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Highstar Capital Iv, L.P. sold 95,333 shares of the stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $12.85, for a total value of $1,225,029.05. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH raised its stake in NGL Energy Partners by 37.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 810,165 shares of the oil and gas company’s stock valued at $10,127,000 after purchasing an additional 220,165 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of NGL Energy Partners by 4.0% in the 1st quarter. OppenheimerFunds Inc. now owns 16,152,315 shares of the oil and gas company’s stock worth $177,676,000 after acquiring an additional 626,100 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of NGL Energy Partners by 128.7% in the 1st quarter. Neuberger Berman Group LLC now owns 200,000 shares of the oil and gas company’s stock worth $2,200,000 after acquiring an additional 112,563 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of NGL Energy Partners by 837.2% in the 1st quarter. Guggenheim Capital LLC now owns 285,269 shares of the oil and gas company’s stock worth $3,138,000 after acquiring an additional 254,830 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of NGL Energy Partners by 2.3% in the 1st quarter. UBS Group AG now owns 2,564,301 shares of the oil and gas company’s stock worth $28,207,000 after acquiring an additional 57,415 shares during the last quarter. 63.65% of the stock is owned by hedge funds and other institutional investors.

NGL Energy Partners Company Profile

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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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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