NGL Energy Partners LP (NGL) Trading Up 2.7%

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NGL Energy Partners LP (NYSE:NGL) was up 2.7% during mid-day trading on Friday . The stock traded as high as $17.80 and last traded at $17.74, with a volume of 125,883 shares. The stock had previously closed at $17.27.
Several research firms recently commented on NGL. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. FBR & Co began coverage on shares of NGL Energy Partners in a report on Friday, September 9th. They issued a “market perform” rating and a $21.00 price target on the stock. Stifel Nicolaus upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price target for the company from $16.63 to $18.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Finally, Wunderlich upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $20.00 in a report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.44.
The stock’s 50 day moving average price is $18.14 and its 200-day moving average price is $14.64. The stock’s market cap is $1.82 billion.

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NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $1.50. The firm earned $2.72 billion during the quarter, compared to the consensus estimate of $2.48 billion. Equities research analysts forecast that NGL Energy Partners LP will post $1.24 EPS for the current fiscal year.
In related news, CAO Lawrence J. Thuillier sold 4,256 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $18.47, for a total value of $78,608.32. Following the completion of the sale, the chief accounting officer now owns 25,744 shares of the company’s stock, valued at approximately $475,491.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President James J. Burke sold 13,070 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $18.31, for a total value of $239,311.70. Following the completion of the sale, the president now directly owns 169,815 shares of the company’s stock, valued at approximately $3,109,312.65. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in NGL. Harvest Fund Advisors LLC boosted its stake in shares of NGL Energy Partners by 35.8% in the second quarter. Harvest Fund Advisors LLC now owns 4,767,360 shares of the company’s stock valued at $92,105,000 after buying an additional 1,257,166 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of NGL Energy Partners during the second quarter valued at approximately $725,000. Advisory Research Inc. boosted its stake in shares of NGL Energy Partners by 16.1% in the second quarter. Advisory Research Inc. now owns 1,945,933 shares of the company’s stock valued at $37,595,000 after buying an additional 270,530 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of NGL Energy Partners during the second quarter valued at approximately $659,000. Finally, Clinton Group Inc. boosted its stake in shares of NGL Energy Partners by 193.5% in the second quarter. Clinton Group Inc. now owns 76,746 shares of the company’s stock valued at $1,483,000 after buying an additional 50,595 shares during the last quarter.
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.

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