Insider Selling: Vincent J. Osterman Sells 5,000 Shares of NGL Energy Partners Stock (NGL)
NGL Energy Partners (NYSE:NGL) Insider Vincent J. Osterman sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $43.38, for a total transaction of $216,900.00. Following the completion of the transaction, the insider now directly owns 30,000 shares in the company, valued at approximately $1,301,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NGL Energy Partners (NYSE:NGL) traded up 0.44% on Monday, hitting $43.84. 293,756 shares of the company’s stock traded hands. NGL Energy Partners has a 52-week low of $27.75 and a 52-week high of $46.25. The stock has a 50-day moving average of $42.58 and a 200-day moving average of $38.20. The company has a market cap of $3.478 billion and a price-to-earnings ratio of 88.36.
NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data 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 $1.57 earnings per share for the current fiscal year.
A number of research firms have recently commented on NGL. Analysts at Zacks upgraded shares of NGL Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $44.60 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of NGL Energy Partners from $46.00 to $47.00 in a research note on Thursday, July 3rd. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.09.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
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