Insider Selling: NGL Energy Partners Insider Unloads 5,000 Shares of Stock (NGL)
NGL Energy Partners (NYSE:NGL) Insider Vincent J. Osterman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $39.65, for a total transaction of $198,250.00. Following the transaction, the insider now directly owns 30,000 shares in the company, valued at approximately $1,189,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NGL shares. Analysts at Raymond James reiterated an “outperform” rating on shares of NGL Energy Partners in a research note on Monday. They now have a $42.00 price target on the stock, up previously from $37.00. Separately, analysts at TheStreet upgraded shares of NGL Energy Partners from a “sell” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, analysts at Robert W. Baird downgraded shares of NGL Energy Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 5th. They now have a $33.00 price target on the stock, down previously from $39.00. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.63.
NGL Energy Partners (NYSE:NGL) traded up 0.23% on Monday, hitting $40.09. 112,184 shares of the company’s stock traded hands. NGL Energy Partners has a 52-week low of $26.52 and a 52-week high of $40.43. The stock has a 50-day moving average of $38.72 and a 200-day moving average of $35.79. The company has a market cap of $3.181 billion and a price-to-earnings ratio of 80.97.
NGL Energy Partners (NYSE:NGL) last announced its earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.01. On average, analysts predict that NGL Energy Partners will post $1.85 earnings per share for the current fiscal year.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
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