Several analysts have recently updated their ratings and price targets for NGL Energy Partners (NYSE: NGL):
- 11/19/2019 – NGL Energy Partners had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $13.00 price target on the stock, down previously from $18.00.
- 11/15/2019 – NGL Energy Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
- 11/12/2019 – NGL Energy Partners was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
- 11/12/2019 – NGL Energy Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. 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. “
- 11/11/2019 – NGL Energy Partners had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $15.00 price target on the stock, down previously from $17.00.
- 11/6/2019 – NGL Energy Partners was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
- 10/29/2019 – NGL Energy Partners was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
- 10/16/2019 – NGL Energy Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
- 10/11/2019 – NGL Energy Partners was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
- 10/9/2019 – NGL Energy Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. 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. “
- 10/8/2019 – NGL Energy Partners was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $13.50 price target on the stock, down previously from $17.00.
NGL traded up $0.05 during mid-day trading on Monday, reaching $9.99. 238,806 shares of the stock were exchanged, compared to its average volume of 1,206,337. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.18. The stock has a market capitalization of $1.27 billion, a PE ratio of -7.92 and a beta of 1.04. The company has a 50 day moving average price of $10.93 and a two-hundred day moving average price of $13.39. NGL Energy Partners LP has a 1 year low of $8.71 and a 1 year high of $15.71.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 15.62%. The ex-dividend date was Wednesday, November 6th. NGL Energy Partners’s dividend payout ratio (DPR) is currently -123.81%.
In related news, CEO H Michael Krimbill purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $9.95 per share, with a total value of $298,500.00. Following the acquisition, the chief executive officer now owns 1,193,672 shares of the company’s stock, valued at $11,877,036.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Collingsworth purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $10.11 per share, for a total transaction of $505,500.00. The disclosure for this purchase can be found here.
Several large investors have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in shares of NGL Energy Partners in the 3rd quarter worth about $88,000. Sunbelt Securities Inc. purchased a new position in shares of NGL Energy Partners in the 3rd quarter worth about $546,000. EP Wealth Advisors LLC purchased a new position in shares of NGL Energy Partners in the 3rd quarter worth about $152,000. Virtu Financial LLC raised its stake in NGL Energy Partners by 196.1% in the 3rd quarter. Virtu Financial LLC now owns 30,379 shares of the oil and gas company’s stock valued at $423,000 after acquiring an additional 20,121 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in NGL Energy Partners by 292.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,257 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 4,664 shares during the period. 60.52% of the stock is currently owned by institutional investors.
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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