NGL Energy Partners LP (NYSE:NGL) Director Derek S. Reiners acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $9.54 per share, with a total value of $95,400.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at $38,160. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NGL stock opened at $9.45 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of -4.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.99 and a quick ratio of 0.85. NGL Energy Partners LP has a 1-year low of $9.23 and a 1-year high of $15.71. The firm has a fifty day moving average of $11.00 and a two-hundred day moving average of $11.90.
NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Thursday, February 6th. The oil and gas company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. NGL Energy Partners had a negative net margin of 1.39% and a positive return on equity of 4.87%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts expect that NGL Energy Partners LP will post -0.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 16.51%. NGL Energy Partners’s payout ratio is currently -123.81%.
Several institutional investors have recently bought and sold shares of NGL. Usca Ria LLC bought a new position in shares of NGL Energy Partners in the 3rd quarter worth about $28,000. Evoke Wealth LLC bought a new position in shares of NGL Energy Partners in the 3rd quarter worth about $48,000. Coastal Investment Advisors Inc. lifted its position in shares of NGL Energy Partners by 33.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 4,000 shares of the oil and gas company’s stock worth $56,000 after buying an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of NGL Energy Partners by 28.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,777 shares of the oil and gas company’s stock worth $66,000 after buying an additional 1,067 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 worth $87,000 after buying an additional 4,664 shares during the last quarter. Institutional investors own 60.38% of the company’s stock.
Several brokerages have weighed in on NGL. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Raymond James reissued an “outperform” rating and set a $15.00 price objective (down from $17.00) on shares of NGL Energy Partners in a report on Monday, November 11th. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective (down from $18.00) on shares of NGL Energy Partners in a report on Tuesday, November 19th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of NGL Energy Partners in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NGL Energy Partners presently has a consensus rating of “Hold” and an average price target of $13.90.
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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