Ngl Energy Partners Lp (NGL) Announces Quarterly Earnings Results, Misses Expectations By $0.48 EPS, Report finds

Ngl Energy Partners Lp (NGL) Announces Quarterly  Earnings Results, Misses Expectations By $0.48 EPS, Report finds

Ngl Energy Partners Lp (NYSE:NGL) released its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.48. Ngl Energy Partners Lp had a positive return on equity of 9.70% and a negative net margin of 0.85%. The firm earned $3.41 billion during the quarter, compared to analyst estimates of $3.09 billion.

Ngl Energy Partners Lp (NYSE:NGL) opened at 23.65 on Thursday. Ngl Energy Partners Lp has a 52-week low of $5.57 and a 52-week high of $25.80. The company’s market cap is $2.54 billion. The stock’s 50 day moving average is $22.80 and its 200 day moving average is $19.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, February 1st. This represents a $1.56 annualized dividend and a dividend yield of 6.60%. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is -120.93%.

In other news, Director James M. Collingsworth bought 20,000 shares of Ngl Energy Partners Lp stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $17.52 per share, for a total transaction of $350,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Michael Krimbill bought 30,000 shares of Ngl Energy Partners Lp stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of $18.13 per share, for a total transaction of $543,900.00. Following the purchase, the chief executive officer now directly owns 789,417 shares in the company, valued at approximately $14,312,130.21. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of NGL. ELCO Management Co. LLC purchased a new stake in shares of Ngl Energy Partners Lp during the third quarter valued at approximately $3,534,000. Cetera Advisor Networks LLC increased its stake in shares of Ngl Energy Partners Lp by 52.9% in the third quarter. Cetera Advisor Networks LLC now owns 50,062 shares of the company’s stock valued at $943,000 after buying an additional 17,324 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in Ngl Energy Partners Lp by 50.5% in the third quarter. Virtus ETF Advisers LLC now owns 116,498 shares of the company’s stock worth $2,195,000 after buying an additional 39,070 shares in the last quarter. HighTower Advisors LLC acquired a new position in Ngl Energy Partners Lp during the third quarter worth about $1,190,000. Finally, BOKF NA boosted its position in Ngl Energy Partners Lp by 3.0% in the third quarter. BOKF NA now owns 17,165 shares of the company’s stock worth $323,000 after buying an additional 500 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

A number of analysts recently weighed in on NGL shares. Bank of America Corporation raised shares of Ngl Energy Partners Lp from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, December 6th. Raymond James Financial, Inc. raised shares of Ngl Energy Partners Lp from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Thursday, January 12th. Zacks Investment Research cut shares of Ngl Energy Partners Lp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 12th. Stifel Nicolaus increased their price objective on shares of Ngl Energy Partners Lp from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Finally, TheStreet raised shares of Ngl Energy Partners Lp from a “d+” rating to a “c-” rating in a report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.90.

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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Ngl Energy Partners Lp (NGL) Announces Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Ngl Energy Partners Lp (NGL) Announces Quarterly  Earnings Results, Misses Expectations By $0.48 EPS

Ngl Energy Partners Lp (NYSE:NGL) released its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.48. Ngl Energy Partners Lp had a positive return on equity of 9.70% and a negative net margin of 0.85%. The firm earned $3.41 billion during the quarter, compared to analyst estimates of $3.09 billion.

Ngl Energy Partners Lp (NYSE:NGL) opened at 23.65 on Thursday. Ngl Energy Partners Lp has a 52-week low of $5.57 and a 52-week high of $25.80. The company’s market cap is $2.54 billion. The stock’s 50 day moving average is $22.80 and its 200 day moving average is $19.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, February 1st. This represents a $1.56 annualized dividend and a dividend yield of 6.60%. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is -120.93%.

In other news, Director James M. Collingsworth bought 20,000 shares of Ngl Energy Partners Lp stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $17.52 per share, for a total transaction of $350,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Michael Krimbill bought 30,000 shares of Ngl Energy Partners Lp stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of $18.13 per share, for a total transaction of $543,900.00. Following the purchase, the chief executive officer now directly owns 789,417 shares in the company, valued at approximately $14,312,130.21. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of NGL. ELCO Management Co. LLC purchased a new stake in shares of Ngl Energy Partners Lp during the third quarter valued at approximately $3,534,000. Cetera Advisor Networks LLC increased its stake in shares of Ngl Energy Partners Lp by 52.9% in the third quarter. Cetera Advisor Networks LLC now owns 50,062 shares of the company’s stock valued at $943,000 after buying an additional 17,324 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in Ngl Energy Partners Lp by 50.5% in the third quarter. Virtus ETF Advisers LLC now owns 116,498 shares of the company’s stock worth $2,195,000 after buying an additional 39,070 shares in the last quarter. HighTower Advisors LLC acquired a new position in Ngl Energy Partners Lp during the third quarter worth about $1,190,000. Finally, BOKF NA boosted its position in Ngl Energy Partners Lp by 3.0% in the third quarter. BOKF NA now owns 17,165 shares of the company’s stock worth $323,000 after buying an additional 500 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

A number of analysts recently weighed in on NGL shares. Bank of America Corporation raised shares of Ngl Energy Partners Lp from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, December 6th. Raymond James Financial, Inc. raised shares of Ngl Energy Partners Lp from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Thursday, January 12th. Zacks Investment Research cut shares of Ngl Energy Partners Lp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 12th. Stifel Nicolaus increased their price objective on shares of Ngl Energy Partners Lp from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Finally, TheStreet raised shares of Ngl Energy Partners Lp from a “d+” rating to a “c-” rating in a report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.90.

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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Leave a Comment