NGL Energy Partners LP (NYSE:NGL) Director John T. Raymond purchased 50,000 shares of NGL Energy Partners stock in a transaction that occurred on Friday, September 14th. The shares were bought at an average price of $11.04 per share, for a total transaction of $552,000.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at $552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NGL traded down $0.25 on Tuesday, hitting $11.60. 1,178,800 shares of the company were exchanged, compared to its average volume of 812,411. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.59. NGL Energy Partners LP has a 12 month low of $10.00 and a 12 month high of $17.65. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -17.43 and a beta of 1.15.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported ($1.26) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.93). NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.53 billion. sell-side analysts anticipate that NGL Energy Partners LP will post -0.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. lifted its holdings in NGL Energy Partners by 6.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 17,121,298 shares of the oil and gas company’s stock worth $214,016,000 after buying an additional 968,983 shares during the period. Alps Advisors Inc. lifted its holdings in NGL Energy Partners by 6.0% in 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 buying an additional 528,145 shares during the period. HITE Hedge Asset Management LLC lifted its holdings in NGL Energy Partners by 3.6% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,874,064 shares of the oil and gas company’s stock worth $35,926,000 after buying an additional 99,982 shares during the period. UBS Group AG lifted its holdings in NGL Energy Partners by 2.3% in the 1st quarter. UBS Group AG now owns 2,564,301 shares of the oil and gas company’s stock worth $28,207,000 after buying an additional 57,415 shares during the period. Finally, Atlantic Trust Group LLC lifted its holdings in NGL Energy Partners by 2.9% in the 1st quarter. Atlantic Trust Group LLC now owns 1,840,846 shares of the oil and gas company’s stock worth $20,250,000 after buying an additional 52,571 shares during the period. Institutional investors and hedge funds own 63.35% of the company’s stock.

Several research firms recently issued reports on NGL. Stifel Nicolaus raised their price target on NGL Energy Partners from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Tuesday, August 14th. TheStreet upgraded NGL Energy Partners from a “d+” rating to a “c-” rating in a research report on Monday, June 25th. ValuEngine upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Wells Fargo & Co reduced their price target on NGL Energy Partners from $15.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. Finally, Bank of America began coverage on NGL Energy Partners in a research report on Tuesday, July 10th. They set a “buy” rating and a $15.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.86.

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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