$0.13 EPS Expected for NGL Energy Partners LP (NYSE:NGL) This Quarter

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Equities analysts expect NGL Energy Partners LP (NYSE:NGL) to announce earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for NGL Energy Partners’ earnings. The highest EPS estimate is $0.13 and the lowest is $0.12. NGL Energy Partners reported earnings of $0.64 per share in the same quarter last year, which suggests a negative year over year growth rate of 79.7%. The company is expected to issue its next earnings report on Monday, February 10th.

On average, analysts expect that NGL Energy Partners will report full year earnings of ($2.25) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.64 to $1.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover NGL Energy Partners.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Friday, November 8th. The oil and gas company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.25 by $0.68. NGL Energy Partners had a negative net margin of 0.74% and a positive return on equity of 8.82%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $6.20 billion.

NGL has been the topic of several recent research reports. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price target (down from $18.00) on shares of NGL Energy Partners in a report on Tuesday, November 19th. Raymond James reaffirmed an “outperform” rating and issued a $15.00 price target (down from $17.00) on shares of NGL Energy Partners in a report on Monday, November 11th. UBS Group lowered shares of NGL Energy Partners from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $13.50 in a report on Tuesday, October 8th. Finally, ValuEngine raised shares of NGL Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. NGL Energy Partners has an average rating of “Hold” and an average price target of $13.70.

In other news, Director James M. Collingsworth bought 50,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $10.11 per share, with a total value of $505,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Michael Krimbill bought 30,000 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $9.95 per share, for a total transaction of $298,500.00. Following the completion of the purchase, the chief executive officer now owns 1,193,672 shares in the company, valued at $11,877,036.40. The disclosure for this purchase can be found here.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of NGL Energy Partners by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 2,046,259 shares of the oil and gas company’s stock worth $30,223,000 after acquiring an additional 15,659 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new stake in shares of NGL Energy Partners during the 2nd quarter worth about $44,000. Steward Partners Investment Advisory LLC boosted its stake in shares of NGL Energy Partners by 28.8% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,777 shares of the oil and gas company’s stock worth $66,000 after acquiring an additional 1,067 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of NGL Energy Partners by 38.4% during the 3rd quarter. Alps Advisors Inc. now owns 14,063,184 shares of the oil and gas company’s stock worth $195,619,000 after acquiring an additional 3,900,561 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of NGL Energy Partners during the 3rd quarter worth about $546,000. 60.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE:NGL opened at $10.79 on Monday. NGL Energy Partners has a one year low of $8.71 and a one year high of $15.71. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.18. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -8.56 and a beta of 1.04. The firm’s fifty day moving average is $10.49 and its two-hundred day moving average is $13.08.

About NGL Energy Partners

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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