NGL Energy Partners (NGL) Now Covered by Credit Suisse Group

Credit Suisse Group began coverage on shares of NGL Energy Partners (NYSE:NGL) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the oil and gas company’s stock.

Several other analysts also recently weighed in on the company. ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on NGL Energy Partners from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 21st. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.

Shares of NGL Energy Partners (NGL) traded up $0.22 during mid-day trading on Thursday, reaching $15.15. The company’s stock had a trading volume of 853,006 shares, compared to its average volume of 1,530,000. The company has a quick ratio of 0.99, a current ratio of 1.56 and a debt-to-equity ratio of 1.69. NGL Energy Partners has a 12-month low of $8.57 and a 12-month high of $25.80. The company has a market capitalization of $1,840.00, a P/E ratio of -7.21 and a beta of 0.69.

In other NGL Energy Partners news, CFO Robert W. Karlovich III bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of $11.66 per share, for a total transaction of $116,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 99,320 shares in the company, valued at $1,158,071.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of NGL Energy Partners by 20.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,073,412 shares of the oil and gas company’s stock valued at $43,028,000 after acquiring an additional 515,730 shares in the last quarter. NBW Capital LLC raised its holdings in shares of NGL Energy Partners by 2.4% during the second quarter. NBW Capital LLC now owns 400,541 shares of the oil and gas company’s stock valued at $5,608,000 after acquiring an additional 9,218 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of NGL Energy Partners by 28.3% during the third quarter. Evergreen Capital Management LLC now owns 761,200 shares of the oil and gas company’s stock valued at $8,792,000 after acquiring an additional 168,110 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of NGL Energy Partners by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 100,610 shares of the oil and gas company’s stock valued at $1,408,000 after acquiring an additional 11,380 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NGL Energy Partners by 2.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,346,190 shares of the oil and gas company’s stock valued at $27,098,000 after acquiring an additional 66,536 shares in the last quarter. Institutional investors own 63.82% of the company’s stock.

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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.

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