Insider Selling: David C. Kehoe Sells 30,000 Shares of NGL Energy Partners Stock (NGL)
NGL Energy Partners (NYSE:NGL) VP David C. Kehoe unloaded 30,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $42.42, for a total transaction of $1,272,600.00. Following the transaction, the vice president now directly owns 269,815 shares of the company’s stock, valued at approximately $11,445,552. The transaction was disclosed in a filing with the SEC, 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $43.00.
NGL Energy Partners (NYSE:NGL) traded up 0.52% during mid-day trading on Friday, hitting $42.7901. 72,194 shares of the company’s stock traded hands. NGL Energy Partners has a 52 week low of $29.56 and a 52 week high of $46.25. The stock’s 50-day moving average is $42.8 and its 200-day moving average is $40.11. The company has a market cap of $3.829 billion and a P/E ratio of 905.74. NGL Energy Partners also was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 190,998 shares, a decrease 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 days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business.
Receive News & Ratings for NGL Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGL Energy Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.