NGL Energy Partners (NYSE:NGL) is scheduled to be announcing its earnings results before the market opens on Friday, February 9th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
NGL Energy Partners (NYSE:NGL) last issued its earnings results on Monday, November 6th. The oil and gas company reported ($0.60) earnings per share (EPS) 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%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.22 billion. On average, analysts expect NGL Energy Partners to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NGL Energy Partners (NYSE NGL) opened at $16.40 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.56 and a debt-to-equity ratio of 1.69. The stock has a market cap of $1,990.00, a PE ratio of -7.81 and a beta of 0.69. NGL Energy Partners has a one year low of $8.57 and a one year high of $25.50.
NGL has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of NGL Energy Partners from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 21st. Zacks Investment Research downgraded shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Credit Suisse Group initiated coverage on shares of NGL Energy Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $16.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price objective (up from $14.00) on shares of NGL Energy Partners in a research report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.40.
In other news, CFO Robert W. Karlovich III acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $11.66 per share, with a total value of $116,600.00. Following the completion of the purchase, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at approximately $1,158,071.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently raised its position in NGL Energy Partners stock. Northern Trust Corp grew its stake in shares of NGL Energy Partners LP (NYSE:NGL) by 3.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,224 shares of the oil and gas company’s stock after buying an additional 1,515 shares during the quarter. Northern Trust Corp’s holdings in NGL Energy Partners were worth $605,000 as of its most recent SEC filing. Institutional investors own 63.40% of the company’s stock.
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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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