NGL Energy Partners Insider Vincent J. Osterman Sells 5,000 Shares (NGL)
NGL Energy Partners (NYSE:NGL) Insider Vincent J. Osterman sold 5,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $43.61, for a total value of $218,050.00. Following the transaction, the insider now directly owns 30,000 shares of the company’s stock, valued at approximately $1,308,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NGL Energy Partners (NYSE:NGL) traded down 1.24% during mid-day trading on Friday, hitting $43.011. The stock had a trading volume of 97,500 shares. NGL Energy Partners has a one year low of $27.75 and a one year high of $46.25. The stock’s 50-day moving average is $41.04 and its 200-day moving average is $37.28. The company has a market cap of $3.412 billion and a P/E ratio of 88.16.
NGL Energy Partners (NYSE:NGL) last announced its 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 $1.67 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on NGL shares. Analysts at RBC Capital raised their price target on shares of NGL Energy Partners from $47.00 to $50.00 in a research note on Thursday, June 19th. Separately, analysts at Zacks downgraded shares of NGL Energy Partners from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 11th. They now have a $41.50 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of NGL Energy Partners in a research note on Tuesday, June 10th. They now have a $46.00 price target on the stock, up previously from $42.00. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.50.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.