Ngl Energy Partners Lp (NGL) Earning Somewhat Favorable News Coverage, Analysis Finds

Media headlines about Ngl Energy Partners Lp (NYSE:NGL) have been trending somewhat positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ngl Energy Partners Lp earned a coverage optimism score of 0.19 on Alpha One’s scale. Alpha One also gave news headlines about the oil and gas company an impact score of 42 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Alpha One Sentiment’s analysis:

Insider Buying and Selling by Quarter for Ngl Energy Partners Lp (NYSE:NGL)

NGL has been the subject of a number of research reports. Zacks Investment Research upgraded Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. FBR & Co cut Ngl Energy Partners Lp from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $28.00 to $22.00 in a report on Tuesday, April 25th. Royal Bank Of Canada lowered their target price on Ngl Energy Partners Lp from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, April 25th. ValuEngine lowered Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $13.00 target price (down previously from $15.00) on shares of Ngl Energy Partners Lp in a research note on Friday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Shares of Ngl Energy Partners Lp (NGL) traded up 0.41% on Monday, hitting $12.25. The stock had a trading volume of 769,967 shares. The company has a market cap of $1.48 billion, a P/E ratio of 12.89 and a beta of 0.49. Ngl Energy Partners Lp has a 52-week low of $11.75 and a 52-week high of $25.80. The company has a 50-day moving average of $14.49 and a 200-day moving average of $19.90.

Ngl Energy Partners Lp (NYSE:NGL) last issued its quarterly earnings results on Thursday, May 25th. The oil and gas company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Ngl Energy Partners Lp had a net margin of 1.05% and a return on equity of 6.78%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $2.77 billion. On average, equities analysts anticipate that Ngl Energy Partners Lp will post $0.32 EPS for the current fiscal year.

In other Ngl Energy Partners Lp news, Director Highstar Capital Iv, L.P. sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $13.70, for a total value of $2,740,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 477,653 shares of company stock valued at $6,541,910 in the last three months.

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About Ngl Energy Partners Lp

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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