In today’s session NGL Energy Partners LP (NGL) registered an unusually high (2,332) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NGL increase. With 2,332 contracts traded and 15794 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NGL170120C00020000 closed last at: $1.4 or 6.7% down. About 56,202 shares traded hands. NGL Energy Partners LP (NYSE:NGL) has risen 113.79% since March 4, 2016 and is uptrending. It has outperformed by 105.75% the S&P500.
Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on November, 14. They expect $-0.13 EPS, up 59.38% or $0.19 from last year’s $-0.32 per share. After $1.38 actual EPS reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts -109.42% negative EPS growth.
NGL Energy Partners LP (NYSE:NGL) Ratings Coverage
Out of 8 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. $32 is the highest target while $6 is the lowest. The $13.67 average target is -28.39% below today’s ($19.09) stock price. NGL ENERGY PARTNERS LP has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Wunderlich on Monday, June 13. On Wednesday, November 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Stifel Nicolaus on Tuesday, August 11 to “Hold”. The firm has “Sell” rating by Goldman Sachs given on Friday, March 11. Wunderlich maintained it with “Buy” rating and $24 target price in Wednesday, November 11 report. The rating was maintained by Barclays Capital on Thursday, February 11 with “Equal-Weight”. RBC Capital Markets maintained it with “Outperform” rating and $11 target price in Friday, February 12 report. Stifel Nicolaus maintained it with “Buy” rating and $25 target price in Wednesday, November 11 report. The stock has “Hold” rating given by Wunderlich on Monday, January 11. The rating was maintained by Stifel Nicolaus on Monday, December 14 with “Buy”.
According to Zacks Investment Research, “NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.54, from 1.33 in 2016Q1. The ratio dived, as 21 funds sold all NGL Energy Partners LP shares owned while 36 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 58.16 million shares or 6.69% more from 54.52 million shares in 2016Q1.
Salient Capital Advsr Limited Co last reported 2.36% of its portfolio in the stock. The Virginia-based Bb&T Secs Ltd has invested 0.01% in NGL Energy Partners LP (NYSE:NGL). Oppenheimer Com last reported 10,550 shares in the company. Savings Bank Of The West holds 21,493 shares or 0.06% of its portfolio. Glob X Mgmt has 0.02% invested in the company for 24,740 shares. Bridgecreek Invest Management Lc has 353,960 shares for 2.1% of their US portfolio. Sumitomo Mitsui Tru Holding accumulated 32,000 shares or 0% of the stock. Alliancebernstein Limited Partnership has 0% invested in the company for 13,227 shares. Moreover, Pinnacle Ltd has 0% invested in NGL Energy Partners LP (NYSE:NGL) for 354,443 shares. Citigroup holds 0.01% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 363,547 shares. Virtu Ltd holds 37,525 shares or 0.1% of its portfolio. Hite Hedge Asset Management Ltd Limited Liability Company holds 1.07M shares or 8.42% of its portfolio. Glenmede Na has invested 0% of its portfolio in NGL Energy Partners LP (NYSE:NGL). Advsr Asset Inc holds 0.03% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 81,976 shares. The Texas-based Sunbelt Inc has invested 0% in NGL Energy Partners LP (NYSE:NGL).
Insider Transactions: Since July 6, 2016, the stock had 1 buying transaction, and 8 insider sales for $889,057 net activity. 13,486 shares were sold by Osterman Vincent J, worth $249,086. Coady Shawn W also sold $104,729 worth of NGL Energy Partners LP (NYSE:NGL) on Friday, August 19. Shares for $239,312 were sold by Burke James J. Another trade for 10,680 shares valued at $197,260 was sold by Karlovich Robert W III. Thuillier Lawrence J. sold $78,608 worth of stock or 4,256 shares. Another trade for 20,000 shares valued at $346,112 was bought by KRIMBILL H MICHAEL.
NGL Energy Partners LP owns and operates a vertically integrated energy business. The company has a market cap of $1.94 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.
NGL Company Profile
NGL Energy Partners LP, incorporated on October 8, 2010, owns and operates a vertically integrated energy business. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other.
More recent NGL Energy Partners LP (NYSE:NGL) news were published by: Businesswire.com which released: “NGL Energy Partners LP Announces the Commencement of Line Fill for Grand Mesa …” on October 04, 2016. Also Businesswire.com published the news titled: “NGL Energy Partners LP Announces First Quarter Fiscal 2017 Results” on August 04, 2016. Businesswire.com‘s news article titled: “NGL Energy Partners LP to Present at the 2016 Deutsche Bank Leveraged Finance …” with publication date: September 26, 2016 was also an interesting one.
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