NGL Energy Partners (NGL) Issues Quarterly Earnings Results

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NGL Energy Partners (NYSE:NGL) issued its quarterly earnings results on Monday. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.49, Fidelity Earnings reports. NGL Energy Partners had a negative return on equity of 1.57% and a net margin of 1.40%.

Shares of NYSE:NGL opened at $11.50 on Tuesday. NGL Energy Partners has a 1 year low of $8.71 and a 1 year high of $13.65. The stock has a market cap of $1.35 billion, a P/E ratio of -16.91 and a beta of 1.26. The company has a current ratio of 1.08, a quick ratio of 0.75 and a debt-to-equity ratio of 0.83.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Wednesday, February 6th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $1.56 dividend on an annualized basis and a yield of 13.57%. NGL Energy Partners’s dividend payout ratio is presently -229.41%.

A number of equities research analysts have recently weighed in on NGL shares. Zacks Investment Research lowered NGL Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Guggenheim started coverage on NGL Energy Partners in a research note on Monday, December 3rd. They issued a “buy” rating and a $16.00 target price for the company. Finally, Bank of America set a $15.00 target price on NGL Energy Partners and gave the company a “buy” rating in a research note on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.14.

In other NGL Energy Partners news, CEO H Michael Krimbill purchased 30,000 shares of NGL Energy Partners stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average price of $9.59 per share, for a total transaction of $287,700.00. Following the acquisition, the chief executive officer now directly owns 1,131,417 shares in the company, valued at $10,850,289.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Large investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC purchased a new position in NGL Energy Partners during the 4th quarter valued at about $35,000. Oppenheimer Asset Management Inc. purchased a new position in NGL Energy Partners during the 4th quarter valued at about $78,000. Advisor Group Inc. increased its holdings in NGL Energy Partners by 77.8% during the 4th quarter. Advisor Group Inc. now owns 10,833 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 4,739 shares during the period. Clear Harbor Asset Management LLC purchased a new position in NGL Energy Partners during the 3rd quarter valued at about $154,000. Finally, Bank of New York Mellon Corp purchased a new position in NGL Energy Partners during the 3rd quarter valued at about $218,000. Institutional investors own 64.61% of the company’s stock.

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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.

Read More: Book Value Per Share – BVPS

Earnings History for NGL Energy Partners (NYSE:NGL)

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