Ngl Energy Partners Lp (NYSE:NGL) had its price target dropped by investment analysts at Stifel Nicolaus from $13.00 to $10.00 in a report issued on Wednesday, MarketBeat reports. The firm currently has a “hold” rating on the oil and gas company’s stock. Stifel Nicolaus’ price target points to a potential upside of 7.53% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Wells Fargo & Company lowered Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Royal Bank Of Canada reduced their price target on Ngl Energy Partners Lp from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 25th. UBS AG reduced their price target on Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. FBR & Co reaffirmed a “hold” rating on shares of Ngl Energy Partners Lp in a research report on Friday, May 26th. Finally, BidaskClub raised Ngl Energy Partners Lp from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Ngl Energy Partners Lp has an average rating of “Hold” and an average target price of $18.57.

Shares of Ngl Energy Partners Lp (NYSE NGL) traded up 2.20% during mid-day trading on Wednesday, reaching $9.30. 790,035 shares of the company traded hands. Ngl Energy Partners Lp has a 52-week low of $9.00 and a 52-week high of $25.80. The company’s market capitalization is $1.13 billion. The firm’s 50 day moving average price is $12.11 and its 200-day moving average price is $17.14.

Ngl Energy Partners Lp (NYSE:NGL) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.38) by $0.21. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $2.59 billion. Ngl Energy Partners Lp had a negative return on equity of 5.00% and a negative net margin of 0.73%. Equities analysts predict that Ngl Energy Partners Lp will post $0.12 earnings per share for the current fiscal year.

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In other Ngl Energy Partners Lp news, Director Highstar Capital Iv, L.P. sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $12.60, for a total value of $315,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 477,653 shares of company stock worth $6,541,910.

Large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC raised its stake in Ngl Energy Partners Lp by 410.9% in the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 8,164 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Ngl Energy Partners Lp by 32.0% in the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 3,500 shares in the last quarter. CFO4Life Group LLC purchased a new stake in Ngl Energy Partners Lp during the first quarter valued at about $208,000. Proficio Capital Partners LLC raised its stake in Ngl Energy Partners Lp by 68.9% in the second quarter. Proficio Capital Partners LLC now owns 16,990 shares of the oil and gas company’s stock valued at $208,000 after buying an additional 6,932 shares in the last quarter. Finally, HAP Trading LLC purchased a new stake in Ngl Energy Partners Lp during the second quarter valued at about $221,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Ngl Energy Partners Lp Company Profile

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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