Shares of NGL Energy Partners LP (NYSE:NGL) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.40.

NGL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. ValuEngine downgraded shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, June 1st. TheStreet raised shares of NGL Energy Partners from a “d+” rating to a “c-” rating in a report on Monday, June 25th. Bank of America assumed coverage on shares of NGL Energy Partners in a report on Tuesday, July 10th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on shares of NGL Energy Partners from $12.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday.

In other NGL Energy Partners news, Director James M. Collingsworth acquired 25,870 shares of the stock in a transaction dated Tuesday, June 5th. The shares were purchased at an average price of $11.65 per share, for a total transaction of $301,385.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Highstar Capital Iv, L.P. sold 95,333 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $12.85, for a total transaction of $1,225,029.05. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of NGL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of NGL Energy Partners in the 2nd quarter worth approximately $22,363,000. OppenheimerFunds Inc. raised its stake in NGL Energy Partners by 6.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 17,121,298 shares of the oil and gas company’s stock worth $214,016,000 after acquiring an additional 968,983 shares during the period. Alps Advisors Inc. raised its stake in NGL Energy Partners by 6.0% during the 2nd quarter. Alps Advisors Inc. now owns 9,312,778 shares of the oil and gas company’s stock worth $116,410,000 after acquiring an additional 528,145 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in NGL Energy Partners during the 1st quarter worth approximately $5,398,000. Finally, Renaissance Technologies LLC bought a new stake in NGL Energy Partners during the 2nd quarter worth approximately $5,483,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Shares of NGL Energy Partners stock opened at $12.95 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.59. The stock has a market capitalization of $1.60 billion, a P/E ratio of -19.04 and a beta of 1.07. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $17.65.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported ($1.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.93). NGL Energy Partners had a negative net margin of 1.01% and a negative return on equity of 0.54%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $4.53 billion. equities research analysts expect that NGL Energy Partners will post -0.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Wednesday, August 8th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 12.05%. The ex-dividend date of this dividend was Tuesday, August 7th. NGL Energy Partners’s dividend payout ratio (DPR) is presently -229.41%.

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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Analyst Recommendations for NGL Energy Partners (NYSE:NGL)

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