ValuEngine upgraded shares of NGL Energy Partners (NYSE:NGL) from a sell rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of NGL Energy Partners from a sell rating to a hold rating in a research report on Tuesday, September 19th. Royal Bank of Canada restated an outperform rating and set a $16.00 price objective (up from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus restated a hold rating and set a $10.00 price objective on shares of NGL Energy Partners in a research report on Sunday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $15.40.

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NGL Energy Partners (NGL) traded down $0.30 on Wednesday, hitting $16.40. 620,296 shares of the company traded hands, compared to its average volume of 1,310,000. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.99 and a current ratio of 1.56. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $25.50. The firm has a market cap of $1,990.00, a PE ratio of -7.81 and a beta of 0.69.

NGL Energy Partners (NYSE:NGL) last posted its earnings results on Monday, November 6th. The oil and gas company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.34). NGL Energy Partners had a negative net margin of 1.40% and a negative return on equity of 4.60%. analysts forecast that NGL Energy Partners will post -1.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date is Monday, February 5th. NGL Energy Partners’s payout ratio is -74.29%.

In other NGL Energy Partners news, CFO Robert W. Karlovich III bought 10,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $11.66 per share, with a total value of $116,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at $1,158,071.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of NGL Energy Partners by 399.1% during the third quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock worth $104,000 after buying an additional 7,183 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in shares of NGL Energy Partners during the third quarter worth $117,000. Oppenheimer & Co. Inc. grew its holdings in shares of NGL Energy Partners by 32.0% during the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock worth $202,000 after buying an additional 3,500 shares in the last quarter. HAP Trading LLC purchased a new stake in shares of NGL Energy Partners during the second quarter worth $221,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of NGL Energy Partners by 44.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,950 shares of the oil and gas company’s stock worth $279,000 after buying an additional 6,131 shares in the last quarter. 63.40% of the stock is owned by institutional investors and hedge funds.

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NGL Energy Partners Company Profile

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

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

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