The stock of NGL Energy Partners LP (NYSE:NGL) is a huge mover today! About 243,809 shares traded hands. NGL Energy Partners LP (NYSE:NGL) has risen 137.32% since March 2, 2016 and is uptrending. It has outperformed by 129.06% the S&P500.
The move comes after 9 months positive chart setup for the $2.17B company. It was reported on Oct, 5 by Barchart.com. We have $30.99 PT which if reached, will make NYSE:NGL worth $1.13 billion more.
Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on November, 14. They expect $-0.13 EPS, up 59.38% or $0.19 from last year’s $-0.32 per share. After $1.38 actual EPS reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts -109.42% negative EPS growth.
NGL Energy Partners LP (NYSE:NGL) Ratings Coverage
Out of 8 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. NGL ENERGY PARTNERS LP has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wunderlich to “Buy” on Monday, June 13. The firm has “Buy” rating given on Monday, December 14 by Stifel Nicolaus. The firm has “Equal-Weight” rating given on Thursday, February 11 by Barclays Capital. Goldman Sachs downgraded NGL Energy Partners LP (NYSE:NGL) on Friday, March 11 to “Sell” rating. As per Tuesday, August 11, the company rating was maintained by Barclays Capital. On Thursday, December 10 the stock rating was downgraded by Bank of America to “Underperform”. As per Tuesday, August 25, the company rating was maintained by Wunderlich. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, June 3. The firm earned “Hold” rating on Monday, January 11 by Wunderlich. The firm has “Buy” rating given on Wednesday, November 11 by Wunderlich.
According to Zacks Investment Research, “NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.54, from 1.33 in 2016Q1. The ratio is negative, as 21 funds sold all NGL Energy Partners LP shares owned while 36 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 58.16 million shares or 6.69% more from 54.52 million shares in 2016Q1.
Virtu Fincl Ltd Liability Corporation holds 0.1% or 37,525 shares in its portfolio. Sg Americas Ltd Liability Company holds 0% or 34,669 shares in its portfolio. The New York-based Glob X Management Limited Liability Corp has invested 0.02% in NGL Energy Partners LP (NYSE:NGL). Duff & Phelps Mgmt last reported 135,000 shares in the company. Pnc Financial Services Gp holds 0% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 76,720 shares. Alliancebernstein L P last reported 13,227 shares in the company. The New York-based Goldman Sachs Gru has invested 0% in NGL Energy Partners LP (NYSE:NGL). Bancorp Of Montreal Can accumulated 0.01% or 397,200 shares. Sunbelt Secs has 0% invested in the company for 596 shares. Geode Cap Mngmt Limited Liability Co has invested 0% of its portfolio in NGL Energy Partners LP (NYSE:NGL). Commercial Bank Of The West has invested 0.06% of its portfolio in NGL Energy Partners LP (NYSE:NGL). Van Eck Associate Corp reported 483,799 shares or 0.05% of all its holdings. Atlantic Tru Gp Limited Liability Corporation holds 0.04% or 300,000 shares in its portfolio. The Pennsylvania-based Penn Cap Company has invested 0.01% in NGL Energy Partners LP (NYSE:NGL). Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 78,415 shares.
Insider Transactions: Since July 6, 2016, the stock had 1 insider buy, and 8 insider sales for $889,057 net activity. On Friday, August 19 the insider Coady Shawn W sold $104,729. KRIMBILL H MICHAEL bought $346,112 worth of stock. On Wednesday, July 6 Osterman Vincent J sold $249,086 worth of the stock or 13,486 shares. Another trade for 13,070 shares valued at $239,312 was sold by Burke James J. On Wednesday, July 6 the insider Karlovich Robert W III sold $197,260. 4,256 shares were sold by Thuillier Lawrence J., worth $78,608.
More notable recent NGL Energy Partners LP (NYSE:NGL) news were published by: Businesswire.com which released: “NGL Energy Partners LP Announces the Commencement of Line Fill for Grand Mesa …” on October 04, 2016, also Businesswire.com with their article: “NGL Energy Partners LP Announces the Acquisition of Point Comfort Terminal Assets” published on October 03, 2016, Businesswire.com published: “NGL Energy Partners LP Announces Transaction with ArcLight Capital Partners” on January 08, 2016. More interesting news about NGL Energy Partners LP (NYSE:NGL) were released by: Fool.com and their article: “A $200 Million Cash Infusion Sends NGL Energy Partners LP Soaring Today” published on April 22, 2016 as well as Businesswire.com‘s news article titled: “NGL Energy Partners LP Announces First Quarter Fiscal 2017 Results” with publication date: August 04, 2016.
NGL Company Profile
NGL Energy Partners LP, incorporated on October 8, 2010, owns and operates a vertically integrated energy business. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other.
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