According to Zacks, “NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma. “
Several other equities analysts have also commented on the stock. Piper Jaffray Companies lowered their price target on shares of Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Raymond James restated a “hold” rating on shares of PrairieSky Royalty in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.25.
NGL stock traded down $0.02 during trading on Wednesday, hitting $15.28. 147,425 shares of the company’s stock traded hands, compared to its average volume of 506,266. The company has a quick ratio of 1.08, a current ratio of 1.45 and a debt-to-equity ratio of 1.04. NGL Energy Partners has a 52 week low of $8.71 and a 52 week high of $15.71. The firm’s fifty day moving average price is $14.80. The stock has a market cap of $1.93 billion, a PE ratio of -12.13, a price-to-earnings-growth ratio of 9.74 and a beta of 1.05.
NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, May 30th. The oil and gas company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). NGL Energy Partners had a net margin of 1.31% and a return on equity of 2.37%. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the firm earned ($0.28) EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that NGL Energy Partners will post 0.79 earnings per share for the current fiscal year.
In other NGL Energy Partners news, Director John T. Raymond sold 176,634 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $14.88, for a total value of $2,628,313.92. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $744,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Michael Krimbill acquired 25,000 shares of NGL Energy Partners stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $14.53 per share, with a total value of $363,250.00. Following the completion of the purchase, the chief executive officer now directly owns 1,141,417 shares of the company’s stock, valued at approximately $16,584,789.01. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the business. CWM Advisors LLC lifted its stake in NGL Energy Partners by 8.3% during the second quarter. CWM Advisors LLC now owns 11,960 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 920 shares in the last quarter. Arlington Partners LLC purchased a new stake in NGL Energy Partners during the second quarter valued at about $29,000. Flagship Harbor Advisors LLC purchased a new stake in NGL Energy Partners during the first quarter valued at about $28,000. Cetera Advisor Networks LLC lifted its position in shares of NGL Energy Partners by 10.9% in the first quarter. Cetera Advisor Networks LLC now owns 28,200 shares of the oil and gas company’s stock worth $397,000 after purchasing an additional 2,767 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of NGL Energy Partners in the second quarter worth approximately $54,000. 60.44% 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.
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