NGL Energy Partners (NYSE:NGL) released its earnings results on Thursday. The oil and gas company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.64), Fidelity Earnings reports. NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $4.83 billion.
NGL Energy Partners stock traded down $0.20 during mid-day trading on Friday, hitting $10.31. The company had a trading volume of 1,057,700 shares, compared to its average volume of 1,088,172. The company has a current ratio of 2.14, a quick ratio of 1.59 and a debt-to-equity ratio of 1.63. NGL Energy Partners has a 12 month low of $9.33 and a 12 month high of $17.65. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -15.16 and a beta of 1.32.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Thursday, November 8th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 15.13%. The ex-dividend date of this dividend is Wednesday, November 7th. NGL Energy Partners’s dividend payout ratio (DPR) is -229.41%.
In other NGL Energy Partners news, Director John T. Raymond purchased 50,000 shares of the stock in a transaction dated Friday, September 14th. The shares were purchased at an average cost of $11.04 per share, with a total value of $552,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $552,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO H Michael Krimbill purchased 20,000 shares of the stock in a transaction dated Friday, August 31st. The shares were acquired at an average cost of $11.65 per share, for a total transaction of $233,000.00. The disclosure for this purchase can be found here.
Several equities research analysts have commented on the company. ValuEngine downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Stifel Nicolaus boosted their target price on NGL Energy Partners from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 17th. Bank of America set a $15.00 target price on NGL Energy Partners and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Co dropped their target price on NGL Energy Partners from $14.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.00.
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NGL Energy Partners Company Profile
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
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