NGL Energy Partners Receives Average Recommendation of “Hold” from Analysts (NYSE:NGL)
NGL Energy Partners (NYSE:NGL) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, StockRatingsNetwork.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.00.
Shares of NGL Energy Partners (NYSE:NGL) opened at 40.80 on Monday. NGL Energy Partners has a one year low of $27.75 and a one year high of $46.25. The stock has a 50-day moving average of $43.39 and a 200-day moving average of $39.39. The company has a market cap of $3.237 billion and a P/E ratio of 84.82.
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. Analysts expect that NGL Energy Partners will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders 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 5.77%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from NGL Energy Partners’s previous quarterly dividend of $0.55.
In other NGL Energy Partners news, Insider Vincent J. Osterman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $42.40, for a total value of $212,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NGL. 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. Separately, 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 LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
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