Ngl Energy Partners Lp (NYSE:NGL) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Tuesday.

Several other research analysts have also recently weighed in on NGL. BidaskClub cut shares of Ngl Energy Partners Lp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Stifel Nicolaus lowered their price target on shares of Ngl Energy Partners Lp from $13.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday. UBS AG lowered their price target on shares of Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Zacks Investment Research cut shares of Ngl Energy Partners Lp from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada lowered their price target on shares of Ngl Energy Partners Lp from $20.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Ngl Energy Partners Lp presently has an average rating of “Hold” and an average target price of $18.57.

Ngl Energy Partners Lp (NYSE:NGL) traded down 3.211% during mid-day trading on Tuesday, reaching $9.195. The company had a trading volume of 284,829 shares. Ngl Energy Partners Lp has a 12 month low of $9.15 and a 12 month high of $25.80. The stock’s market cap is $1.12 billion. The firm’s 50-day moving average price is $12.35 and its 200-day moving average price is $17.31.

Ngl Energy Partners Lp (NYSE:NGL) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. Ngl Energy Partners Lp had a negative net margin of 0.73% and a negative return on equity of 5.00%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.59 billion. Equities research analysts forecast that Ngl Energy Partners Lp will post $0.11 EPS for the current fiscal year.

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In other news, Director Highstar Capital Iv, L.P. sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $12.60, for a total transaction of $315,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 477,653 shares of company stock worth $6,541,910 over the last ninety days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC raised its stake in Ngl Energy Partners Lp by 83.0% in the first quarter. Atlantic Trust Group LLC now owns 2,195,432 shares of the oil and gas company’s stock valued at $49,617,000 after buying an additional 995,432 shares in the last quarter. Morgan Stanley raised its stake in Ngl Energy Partners Lp 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. California Public Employees Retirement System raised its stake in Ngl Energy Partners Lp by 2.0% in the first quarter. California Public Employees Retirement System now owns 253,900 shares of the oil and gas company’s stock valued at $5,738,000 after buying an additional 5,100 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Ngl Energy Partners Lp by 31.0% in the first quarter. Janney Montgomery Scott LLC now owns 112,028 shares of the oil and gas company’s stock valued at $2,532,000 after buying an additional 26,538 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in Ngl Energy Partners Lp 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. 76.37% of the stock is currently owned by institutional investors.

About Ngl Energy Partners Lp

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.

Analyst Recommendations for Ngl Energy Partners Lp (NYSE:NGL)

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