Shares of NGL Energy Partners LP (NYSE:NGL) have been given an average recommendation of “Hold” by the eight research firms that are covering the firm. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.17.

Several analysts recently commented on the company. Royal Bank of Canada cut their price objective on NGL Energy Partners from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, April 25th. Zacks Investment Research lowered NGL Energy Partners from a “hold” rating to a “strong sell” rating in a report on Friday, February 17th. FBR & Co cut their price target on NGL Energy Partners from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Stifel Nicolaus lowered NGL Energy Partners from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $21.00 in a report on Wednesday, February 8th. Finally, TheStreet raised NGL Energy Partners from a “d+” rating to a “c-” rating in a report on Thursday, January 19th.

Shares of NGL Energy Partners (NYSE:NGL) traded up 2.93% during mid-day trading on Friday, reaching $15.80. The company had a trading volume of 527,788 shares. The firm has a 50 day moving average of $18.70 and a 200-day moving average of $20.51. The stock’s market capitalization is $1.74 billion. NGL Energy Partners has a one year low of $12.95 and a one year high of $25.80.

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.16%. The ex-dividend date was Thursday, May 4th. NGL Energy Partners’s dividend payout ratio is presently -112.23%.

Hedge funds have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its stake in NGL Energy Partners by 15.5% in the first quarter. OppenheimerFunds Inc. now owns 15,197,205 shares of the oil and gas company’s stock valued at $343,457,000 after buying an additional 2,042,480 shares in the last quarter. Alps Advisors Inc. raised its stake in NGL Energy Partners by 3.8% in the third quarter. Alps Advisors Inc. now owns 6,122,006 shares of the oil and gas company’s stock valued at $115,339,000 after buying an additional 226,076 shares in the last quarter. Morgan Stanley raised its stake in NGL Energy Partners by 4.4% in the first quarter. Morgan Stanley now owns 3,980,011 shares of the oil and gas company’s stock valued at $89,948,000 after buying an additional 169,522 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in NGL Energy Partners by 300.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 3,259,800 shares of the oil and gas company’s stock valued at $73,657,000 after buying an additional 2,446,100 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in NGL Energy Partners by 6.2% in the first quarter. Eagle Global Advisors LLC now owns 3,138,039 shares of the oil and gas company’s stock valued at $70,920,000 after buying an additional 182,930 shares in the last quarter. 68.69% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “NGL Energy Partners LP (NGL) Given Consensus Recommendation of “Hold” by Analysts” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/19/ngl-energy-partners-lp-ngl-given-consensus-recommendation-of-hold-by-analysts.html.

About NGL Energy Partners

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

5 Day Chart for NYSE:NGL

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 MarketBeat.com's FREE daily email newsletter.