NGL Energy Partners VP David C. Kehoe Sells 11,815 Shares (NGL)
NGL Energy Partners (NYSE:NGL) VP David C. Kehoe sold 11,815 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $42.80, for a total value of $505,682.00. Following the completion of the transaction, the vice president now directly owns 299,815 shares of the company’s stock, valued at approximately $12,832,082. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.00.
Shares of NGL Energy Partners (NYSE:NGL) traded down 0.07% during mid-day trading on Wednesday, hitting $42.48. The stock had a trading volume of 252,370 shares. NGL Energy Partners has a one year low of $29.56 and a one year high of $46.25. The stock’s 50-day moving average is $42.95 and its 200-day moving average is $40.07. The company has a market cap of $3.801 billion and a price-to-earnings ratio of 904.47. NGL Energy Partners also was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 190,998 shares, a drop of 92.8% from the July 31st total of 2,665,830 shares. Based on an average daily trading volume, of 391,212 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.
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 $1.20 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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