NGL Energy Partners (NGL) Announces Earnings Results, Beats Estimates By $0.13 EPS

NGL Energy Partners (NYSE:NGL) issued its quarterly earnings results on Friday. The oil and gas company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.13, Morningstar.com reports. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NGL Energy Partners had a negative return on equity of 4.60% and a negative net margin of 1.40%.

Shares of NGL Energy Partners (NGL) traded down $2.65 on Friday, reaching $12.75. The company had a trading volume of 3,913,830 shares, compared to its average volume of 779,368. The stock has a market cap of $1,280.00, a PE ratio of -6.07 and a beta of 0.79. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $24.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be paid a $0.39 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.56 dividend on an annualized basis and a yield of 12.24%. NGL Energy Partners’s dividend payout ratio is currently -74.29%.

NGL has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 price target (up previously from $14.00) on shares of NGL Energy Partners in a research note on Tuesday, November 7th. Zacks Investment Research cut NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. ValuEngine cut NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price target on shares of NGL Energy Partners in a research note on Sunday, October 29th. Finally, Credit Suisse Group initiated coverage on NGL Energy Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.40.

In other NGL Energy Partners news, CFO Robert W. Karlovich III acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average cost of $11.66 per share, for a total transaction of $116,600.00. Following the transaction, the chief financial officer now owns 99,320 shares of the company’s stock, valued at approximately $1,158,071.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in NGL Energy Partners during the 4th quarter worth about $227,000. Brightline Capital Management LLC acquired a new stake in NGL Energy Partners during the 4th quarter worth about $9,133,000. Advisory Research Inc. boosted its position in NGL Energy Partners by 57.7% during the 4th quarter. Advisory Research Inc. now owns 3,611,015 shares of the oil and gas company’s stock worth $50,735,000 after acquiring an additional 1,320,600 shares during the period. Cetera Advisor Networks LLC boosted its position in NGL Energy Partners by 29.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 27,121 shares of the oil and gas company’s stock worth $384,000 after acquiring an additional 6,122 shares during the period. Finally, California Public Employees Retirement System boosted its position in NGL Energy Partners by 1.9% during the 4th quarter. California Public Employees Retirement System now owns 248,400 shares of the oil and gas company’s stock worth $3,490,000 after acquiring an additional 4,600 shares during the period. Hedge funds and other institutional investors own 63.40% 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.

Earnings History for NGL Energy Partners (NYSE:NGL)

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