FBR Capital Initiates Coverage on NGL Energy Partners with Market Perform Rating, $21 PT (NYSE:NGL)


About 225,207 shares traded hands. NGL Energy Partners LP (NYSE:NGL) has risen 111.78% since February 8, 2016 and is uptrending. It has outperformed by 95.29% the S&P500.

NGL Energy Partners LP owns and operates a vertically integrated energy business. The company has a market cap of $1.78 billion. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. It currently has negative earnings. The Company’s crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

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