NGL Energy Partners (NYSE:NGL) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 target price (up previously from $14.00) on shares of NGL Energy Partners in a research note on Tuesday, November 7th. Stifel Nicolaus reissued a “hold” rating and set a $10.00 target price on shares of NGL Energy Partners in a research note on Sunday, October 29th. Zacks Investment Research raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, Credit Suisse Group began coverage on shares of NGL Energy Partners in a research note on Thursday, January 4th. They set an “outperform” rating and a $16.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. NGL Energy Partners has a consensus rating of “Hold” and an average price target of $15.40.

Shares of NGL Energy Partners (NYSE:NGL) opened at $12.75 on Friday. The company has a market cap of $1,280.00, a PE ratio of -6.07 and a beta of 0.79. 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 one year low of $8.57 and a one year high of $24.60.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NGL Energy Partners had a negative net margin of 1.40% and a negative return on equity of 4.60%. research analysts forecast that NGL Energy Partners will post -1.23 EPS for the current fiscal year.

In other NGL Energy Partners news, CFO Robert W. Karlovich III acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of $11.66 per share, with a total value of $116,600.00. Following the purchase, the chief financial officer now owns 99,320 shares in the company, valued at $1,158,071.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGL. BNP Paribas Arbitrage SA grew its stake in NGL Energy Partners by 399.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 7,183 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in NGL Energy Partners during the 3rd quarter valued at about $117,000. Virtu Financial LLC purchased a new stake in NGL Energy Partners during the 4th quarter valued at about $227,000. Alliancebernstein L.P. grew its stake in NGL Energy Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 22,077 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in NGL Energy Partners during the 2nd quarter valued at about $336,000. 63.40% of the stock is owned by institutional investors.

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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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