NGL Energy Partners Price Target Raised to $47.00 at Raymond James (NGL)
Analysts at Raymond James upped their target price on shares of NGL Energy Partners (NYSE:NGL) from $46.00 to $47.00 in a research report issued to clients and investors on Thursday. Raymond James’ target price suggests a potential upside of 7.06% from the stock’s previous close.
In other NGL Energy Partners news, Insider Vincent J. Osterman unloaded 5,000 shares of NGL Energy Partners stock on the open market in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $43.61, for a total value of $218,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. 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 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. NGL Energy Partners has an average rating of “Hold” and a consensus target price of $40.64.
NGL Energy Partners (NYSE:NGL) traded up 0.92% on Thursday, hitting $43.90. The stock had a trading volume of 195,000 shares. NGL Energy Partners has a 1-year low of $27.75 and a 1-year high of $46.25. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $37.71. The company has a market cap of $3.483 billion and a price-to-earnings ratio of 88.06.
NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the 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.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
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