Wall Street analysts expect NGL Energy Partners LP (NYSE:NGL) to announce sales of $4.50 billion for the current quarter, according to Zacks. Two analysts have made estimates for NGL Energy Partners’ earnings. The highest sales estimate is $4.77 billion and the lowest is $4.22 billion. NGL Energy Partners reported sales of $3.85 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.9%. The business is expected to announce its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that NGL Energy Partners will report full-year sales of $4.50 billion for the current fiscal year, with estimates ranging from $16.09 billion to $17.03 billion. For the next fiscal year, analysts forecast that the company will report sales of $17.61 billion per share, with estimates ranging from $16.38 billion to $18.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for NGL Energy Partners.
NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Friday, February 9th. The oil and gas company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.13. NGL Energy Partners had a negative return on equity of 1.85% and a negative net margin of 0.97%. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $3.96 billion.
Shares of NGL Energy Partners (NGL) traded up $0.07 on Monday, reaching $12.32. The company’s stock had a trading volume of 130,118 shares, compared to its average volume of 898,755. NGL Energy Partners has a 12 month low of $8.57 and a 12 month high of $23.25. The company has a current ratio of 1.69, a quick ratio of 1.14 and a debt-to-equity ratio of 1.64. The firm has a market cap of $1,500.00, a PE ratio of -7.25 and a beta of 0.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were issued a $0.39 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.56 annualized dividend and a dividend yield of 12.66%. NGL Energy Partners’s dividend payout ratio (DPR) is presently -91.23%.
Hedge funds have recently modified their holdings of the company. Evergreen Capital Management LLC lifted its holdings in shares of NGL Energy Partners by 28.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 761,200 shares of the oil and gas company’s stock valued at $8,792,000 after buying an additional 168,110 shares during the period. Brightline Capital Management LLC acquired a new position in shares of NGL Energy Partners in the 4th quarter valued at about $9,133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of NGL Energy Partners by 2.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,346,190 shares of the oil and gas company’s stock valued at $27,098,000 after buying an additional 66,536 shares during the period. GSA Capital Partners LLP acquired a new position in shares of NGL Energy Partners in the 3rd quarter valued at about $1,875,000. Finally, Alps Advisors Inc. acquired a new position in shares of NGL Energy Partners in the 4th quarter valued at about $130,044,000. 66.82% of the stock is owned by institutional investors and hedge funds.
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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.
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