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NGL Energy Partners (NYSE:NGL)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a research report issued to clients and investors on Tuesday. They currently have a $46.00 price target on the stock, up from their previous price target of $42.00. Raymond James’ price target indicates a potential upside of 7.33% from the company’s current price.

NGL Energy Partners (NYSE:NGL) traded up 0.30% during mid-day trading on Tuesday, hitting $42.9899. 77,802 shares of the company’s stock traded hands. NGL Energy Partners has a 52 week low of $27.72 and a 52 week high of $43.43. The stock has a 50-day moving average of $39.11 and a 200-day moving average of $36.29. The company has a market cap of $3.411 billion and a price-to-earnings ratio of 86.76.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.01. On average, analysts predict that NGL Energy Partners will post $1.68 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on NGL. Analysts at Wunderlich raised their price target on shares of NGL Energy Partners from $41.00 to $44.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. NGL Energy Partners currently has an average rating of “Buy” and a consensus price target of $38.20.

In other NGL Energy Partners news, Insider Vincent J. Osterman sold 5,000 shares of NGL Energy Partners stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $39.65, for a total value of $198,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.

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