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Principale » Ngl Energy Partners (NGL) Receiving Somewhat Positive Press Coverage, Report Shows

Ngl Energy Partners (NGL) Receiving Somewhat Positive Press Coverage, Report Shows

26 Novembre 2017

Sanford C. Bernstein assumed coverage on shares of Spectra Energy Partners, LP (NYSE:SEP) in a research note released on Tuesday. Following the acquisition, the chief executive officer now directly owns 814,417 shares in the company, valued at approximately $7,215,734.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Ngl Energy Partners earned a coverage optimism score of 0.15 on Accern's scale. The shares were acquired at an average cost of $11.66 per share, with a total value of $116,600.00. Oppenheimerfunds, Inc. owns $178.5 million in NGL Energy Partners LP, which represents roughly 11.98% of the company's market cap and approximately 19.47% of the institutional ownership. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.99 and a current ratio of 1.56. Ngl Energy Partners LP (NYSE:NGL) has a market capitalization of $1.49 Billion and most recently 120.92 Million outstanding shares have been calculated. This repurchase authorization allows the oil and gas company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, November 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, November 3rd. The stock witnessed 12.27% gains, 29.32% gains and -14.24% declines for the 1-month, 3-month and 6-month period, respectively. Ngl Energy Partners's payout ratio is -74.29%.

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In other news, CFO Robert W. Karlovich III bought 10,000 shares of the stock in a transaction dated Tuesday, November 21st.

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Several other analysts also recently commented on the stock.

In terms of Buy/Sell recommendations, 5 analysts have a consensus rating of 2.2 on the shares of Ngl Energy Partners LP (NYSE:NGL). Barclays PLC reissued an "equal weight" rating and issued a $35.00 price objective on shares of Holly Energy Partners in a research note on Friday, November 10th. Zacks Investment Research raised shares of Ngl Energy Partners from a sell rating to a hold rating in a research note on Tuesday, September 19th. Royal Bank Of Canada reduced their price objective on Ngl Energy Partners from $20.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, August 4th. TheStreet lowered shares of Ngl Energy Partners from a "c-" rating to a "d+" rating in a research note on Tuesday, August 15th.

Several equities research analysts have weighed in on the stock. The company now has a consensus rating of "Hold" and a consensus price target of $17.83.

Institutional investors now hold around $917 million or 64.4% in NGL stock. Alps Advisors Inc. raised its position in Spectra Energy Partners, by 10.5% in the third quarter. Royal Bank Of Canada now has a $16.00 price objective on the oil and gas company's stock, up from their prior price objective of $14.00. BNP Paribas Arbitrage SA lifted its holdings in shares of Ngl Energy Partners by 399.1% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,312,900 shares of the pipeline company's stock worth $144,625,000 after buying an additional 378,300 shares in the last quarter. American Century Companies Inc. raised its position in Spectra Energy Partners, by 0.3% in the first quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company's stock valued at $141,000 after buying an additional 8,164 shares in the last quarter. Northern Trust Corp now owns 43,224 shares of the oil and gas company's stock worth $605,000 after purchasing an additional 1,515 shares during the period. Grp One Trading Limited Partnership owns 0% invested in Holly Energy Partners, L.P. (NYSE:HEP) for 200 shares. As of December 31, 2016, its pipelines and terminals segment consisted of 24 main pipeline divisions; Crude gathering networks in Texas and New Mexico; 10 refined product terminals; one crude terminal; 8,300 track feet of rail storage located at one facility; seven locations with truck and/or rail racks, and Tankage at all six of HollyFrontier Corporation's (HFC's) refining facility locations.