Share on StockTwits

Shares of NGL Energy Partners (NYSE:NGL) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 2,665,830 shares, a growth of 413.0% from the July 15th total of 519,704 shares, AnalystRatingsNetwork.com reports. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 537,889 shares, the days-to-cover ratio is currently 5.0 days.

In other NGL Energy Partners news, Insider Vincent J. Osterman unloaded 5,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $42.40, for a total transaction of $212,000.00. The transaction was disclosed in a legal 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 Wunderlich raised their price target on shares of NGL Energy Partners from $44.00 to $49.00 in a research note on Wednesday, August 13th. They now have a “buy” rating 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.00.

NGL Energy Partners (NYSE:NGL) opened at 41.75 on Tuesday. NGL Energy Partners has a 1-year low of $28.81 and a 1-year high of $46.25. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $39.75. The company has a market cap of $3.736 billion and a price-to-earnings ratio of 898.09.

NGL Energy Partners (NYSE:NGL) last released its 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 $1.47 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.

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.