NGL Energy Partners Target of Unusually High Options Trading (NGL)

NGL Energy Partners LP (NYSE:NGL) was the target of some unusual options trading activity on Thursday. Stock traders bought 31,138 call options on the stock. This represents an increase of approximately 4,758% compared to the typical volume of 641 call options.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of NGL Energy Partners in the third quarter valued at $1,875,000. Neuberger Berman Group LLC purchased a new position in NGL Energy Partners in the 3rd quarter worth about $470,000. Ladenburg Thalmann Financial Services Inc. increased its stake in NGL Energy Partners by 82.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 184,687 shares of the oil and gas company’s stock worth $2,133,000 after buying an additional 83,466 shares during the period. Wells Fargo & Company MN increased its stake in NGL Energy Partners by 155.4% in the 3rd quarter. Wells Fargo & Company MN now owns 612,210 shares of the oil and gas company’s stock worth $7,071,000 after buying an additional 372,523 shares during the period. Finally, HITE Hedge Asset Management LLC increased its stake in NGL Energy Partners by 414.8% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 2,818,082 shares of the oil and gas company’s stock worth $32,549,000 after buying an additional 2,270,714 shares during the period. 63.82% of the stock is currently owned by institutional investors and hedge funds.

NGL has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 price objective (up previously from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 target price on shares of NGL Energy Partners in a research note on Sunday, October 29th. Finally, Credit Suisse Group started coverage on shares of NGL Energy Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.40.

Shares of NGL Energy Partners (NYSE NGL) opened at $16.00 on Friday. NGL Energy Partners has a 12 month low of $8.57 and a 12 month high of $25.80. The firm has a market cap of $1,904.10, a price-to-earnings ratio of -7.62 and a beta of 0.69. 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 (NYSE:NGL) last announced its earnings results on Monday, November 6th. The oil and gas company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.34). NGL Energy Partners had a negative net margin of 1.40% and a negative return on equity of 4.60%. sell-side analysts expect that NGL Energy Partners will post -1.23 EPS for the current year.

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NGL Energy Partners 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.

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