Analysts expect NGL Energy Partners LP (NYSE:NGL) to announce earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NGL Energy Partners’ earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.24. NGL Energy Partners posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 192.9%. The business is expected to issue its next quarterly earnings results on Thursday, May 24th.
On average, analysts expect that NGL Energy Partners will report full-year earnings of ($1.19) per share for the current year, with EPS estimates ranging from ($1.61) to ($0.76). For the next fiscal year, analysts expect that the firm will report earnings of ($0.30) per share, with EPS estimates ranging from ($1.09) to $0.48. Zacks’ EPS 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 analysts’ consensus estimates 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 analyst estimates of $3.96 billion.
Shares of NGL Energy Partners (NYSE NGL) traded down $0.40 during mid-day trading on Tuesday, hitting $11.75. The stock had a trading volume of 957,782 shares, compared to its average volume of 906,980. NGL Energy Partners has a one year low of $8.57 and a one year high of $23.19. The firm has a market capitalization of $1,450.00, a price-to-earnings ratio of -6.87 and a beta of 1.02. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date of this dividend was Monday, February 5th. NGL Energy Partners’s dividend payout ratio is presently -91.23%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of NGL Energy Partners by 399.1% during the third quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 7,183 shares during the period. Commonwealth Equity Services Inc bought a new stake in shares of NGL Energy Partners during the third quarter valued at approximately $117,000. Yorkville Capital Management LLC bought a new stake in shares of NGL Energy Partners during the fourth quarter valued at approximately $196,000. Penbrook Management LLC bought a new stake in shares of NGL Energy Partners during the fourth quarter valued at approximately $211,000. Finally, Edge Advisors LLC bought a new stake in shares of NGL Energy Partners during the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 65.63% of the company’s stock.
NGL Energy Partners Company Profile
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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