Media stories about NGL Energy Partners (NYSE:NGL) have been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NGL Energy Partners earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.1977789030851 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Energy Transfer Partners LP: Energy Transfer Partners Reports Second Quarter Results (twst.com)
- NGL Energy Partners LP: NGL Energy Partners LP Announces First Quarter Fiscal 2019 Financial Results (twst.com)
- Don’t Forget to Observe This Stock: Applied Optoelectronics (AAOI),NGL Energy Partners LP (NGL) (bitcoinpriceupdate.review)
- Understanding Analyst Rating: NGL Energy Partners LP (NGL) (nasdaqplace.com)
- NGL Energy Partners LP (NGL) CEO Mike Krimbill on Q1 2019 Results – Earnings Call Transcript (seekingalpha.com)
A number of equities analysts have recently commented on the company. ValuEngine cut NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded NGL Energy Partners from a “d+” rating to a “c-” rating in a report on Monday, June 25th. Zacks Investment Research upgraded NGL Energy Partners from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, June 6th. Finally, Bank of America assumed coverage on NGL Energy Partners in a report on Tuesday, July 10th. They issued a “buy” rating and a $15.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.67.
Shares of NGL Energy Partners stock traded up $0.40 on Friday, reaching $13.15. The company had a trading volume of 4,359,576 shares, compared to its average volume of 931,012. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -19.34 and a beta of 1.07. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.11 and a current ratio of 2.14. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $17.65.
NGL Energy Partners (NYSE:NGL) last announced its earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.93). NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.53 billion. sell-side analysts predict that NGL Energy Partners will post -0.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Wednesday, August 8th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date of this dividend is Tuesday, August 7th. NGL Energy Partners’s payout ratio is currently -229.41%.
In other NGL Energy Partners news, Director James M. Collingsworth acquired 25,870 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was bought at an average price of $11.65 per share, for a total transaction of $301,385.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Highstar Capital Iv, L.P. sold 95,333 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $12.85, for a total value of $1,225,029.05. The disclosure for this sale can be found here.
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.
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