NGL Energy Partners LP (NYSE:NGL - Get Free Report) Director John Raymond purchased 1,126 shares of the stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $16.25 per share, for a total transaction of $18,297.50. Following the transaction, the director owned 51,126 shares of the company's stock, valued at approximately $830,797.50. The trade was a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NGL Energy Partners Stock Up 7.3%
NYSE:NGL opened at $17.52 on Wednesday. NGL Energy Partners LP has a 12-month low of $5.01 and a 12-month high of $18.80. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -6.17 and a beta of 0.63. The stock's 50 day moving average price is $16.12 and its two-hundred day moving average price is $14.73.
NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.11 by $0.37. The company had revenue of $989.99 million during the quarter, compared to the consensus estimate of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. Equities research analysts expect that NGL Energy Partners LP will post 1.38 EPS for the current year.
Hedge Funds Weigh In On NGL Energy Partners
Several institutional investors and hedge funds have recently made changes to their positions in NGL. Redwood Family Wealth LLC acquired a new stake in NGL Energy Partners during the 4th quarter worth approximately $549,000. ING Groep NV grew its holdings in NGL Energy Partners by 4.9% in the 4th quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company's stock valued at $51,748,000 after buying an additional 243,000 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in NGL Energy Partners during the 1st quarter worth $397,000. UBS Group AG increased its position in NGL Energy Partners by 4.4% during the 4th quarter. UBS Group AG now owns 204,704 shares of the oil and gas company's stock worth $2,047,000 after buying an additional 8,561 shares during the period. Finally, AlphaCore Capital LLC increased its position in NGL Energy Partners by 9.9% during the 4th quarter. AlphaCore Capital LLC now owns 175,800 shares of the oil and gas company's stock worth $1,758,000 after buying an additional 15,800 shares during the period. Institutional investors and hedge funds own 40.62% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Weiss Ratings cut shares of NGL Energy Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Zacks Research raised shares of NGL Energy Partners from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of NGL Energy Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Stock Report on NGL
NGL Energy Partners Company Profile
(
Get Free Report)
NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.
The partnership's asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.
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