NGL Energy Partners Given Consensus Rating of “Hold” by Brokerages (NYSE:NGL)
NGL Energy Partners (NYSE:NGL) has been given an average rating of “Hold” by the eight analysts that are covering the company, AnalystRatingsNetwork.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $42.43.
In other NGL Energy Partners news, Insider Vincent J. Osterman sold 5,000 shares of NGL Energy Partners stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $43.46, for a total value of $217,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NGL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of NGL Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. 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.
NGL Energy Partners (NYSE:NGL) opened at 43.08 on Monday. 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 $43.66 and its 200-day moving average is $39.20. The company has a market cap of $3.418 billion and a P/E ratio of 87.21.
NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data 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 $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a dividend of $0.5888 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from NGL Energy Partners’s previous quarterly dividend of $0.55.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
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