Shares of NGL Energy Partners LP (NYSE:NGL) traded down 6.3% on Friday . The company traded as low as $2.65 and last traded at $2.66. 934,822 shares were traded during mid-day trading, a decline of 40% from the average session volume of 1,564,745 shares. The stock had previously closed at $2.84.

A number of analysts recently weighed in on the stock. TheStreet cut shares of NGL Energy Partners from a “c-” rating to a “d” rating in a report on Friday, August 14th. Stifel Nicolaus lowered their target price on shares of NGL Energy Partners from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Wednesday, August 12th. UBS Group cut shares of NGL Energy Partners from a “neutral” rating to a “sell” rating in a research note on Friday, October 16th. ValuEngine raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a research note on Monday, November 2nd. Finally, Zacks Investment Research cut shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.39.

The firm has a market capitalization of $342.53 million, a P/E ratio of -0.65 and a beta of 3.21. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 2.52. The stock has a fifty day moving average of $3.28 and a 200-day moving average of $4.26.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Monday, November 9th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). NGL Energy Partners had a negative net margin of 5.53% and a positive return on equity of 6.34%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. NGL Energy Partners’s revenue for the quarter was down 35.3% compared to the same quarter last year. As a group, analysts forecast that NGL Energy Partners LP will post -0.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, November 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend was Thursday, November 5th. NGL Energy Partners’s payout ratio is 65.57%.

A number of large investors have recently added to or reduced their stakes in NGL. Morgan Stanley boosted its stake in shares of NGL Energy Partners by 10.5% during the first quarter. Morgan Stanley now owns 2,917,192 shares of the oil and gas company’s stock valued at $7,585,000 after purchasing an additional 276,076 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of NGL Energy Partners by 167.1% in the 2nd quarter. Advisor Group Holdings Inc. now owns 295,547 shares of the oil and gas company’s stock worth $1,153,000 after purchasing an additional 184,877 shares in the last quarter. Virtu Financial LLC purchased a new stake in NGL Energy Partners during the 2nd quarter valued at about $431,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in NGL Energy Partners during the 2nd quarter valued at about $390,000. Finally, Leap Investments LP bought a new position in NGL Energy Partners during the 2nd quarter valued at approximately $213,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

NGL Energy Partners Company Profile (NYSE:NGL)

NGL Energy Partners LP engages in the crude oil logistics, water solutions, and liquids and refined products businesses. The company's Crude Oil Logistics segment purchases crude oil from producers and marketers, 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, and pipeline transportation services.

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