Brokerage Firm Rating Update on NGL ENERGY PARTNERS LP (NGL)

NGL ENERGY PARTNERS LP (NGL) has an average broker rating of 1.83, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

NGL ENERGY PARTNERS LP (NGL) : Average target price received by NGL ENERGY PARTNERS LP (NGL) is $16.25 with an expected standard deviation of $4.5. The most aggressive target on the stock is $20, whereas the most downbeat target is $11. 4 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Stifel Nicolaus maintains its rating on NGL ENERGY PARTNERS LP (NYSE:NGL). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Stifel Nicolaus raises the price target from $18 per share to $20 per share. The rating by the firm was issued on August 5, 2016.

NGL ENERGY PARTNERS LP (NYSE:NGL): The stock opened at $18.16 and touched an intraday high of $18.59 on Wednesday. During the day, the stock corrected to an intraday low of $18.1, however, the bulls stepped in and pushed the price higher to close in the green at $18.28 with a gain of 0.77% for the day. The total traded volume for the day was 303,920. The stock had closed at $18.14 in the previous trading session.

NGL Energy Partners LP is a limited partnership company that is a vertically-integrated service provider. The Company operates through the following segments: Crude oil logistics, which purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries and other trade hubs; the water solutions segment, which includes water treatment and disposal facilities; the liquids segment, which purchases propane, butane and other products from refiners, processing plants, producers and other parties, and sells the products to retailers, refiners, petrochemical plants and other participants in the wholesale markets; the retail propane segment, which is engaged in the retail marketing, sale and distribution of propane and distillates; the refined products and renewables segment, which conducts gasoline, diesel, ethanol and biodiesel marketing operations, and corporate and other.

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