Barclays Assumes NGL Energy Partners LP to Equal-weight

Brokerage firm Barclays Assumes its rating on NGL Energy Partners LP(NYSE:NGL). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 11, 2016, Goldman Sachs said it Downgrades its rating on NGL Energy Partners LP. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Sell’ by the firm. On Feb 11, 2016, Barclays said it Maintains its rating on NGL Energy Partners LP. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

NGL Energy Partners LP (NGL) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -2.61% at a volume of 7,84,259. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.4189. The peak price level was also seen at $8.4189 while the days lowest was $8.15. Finally the shares closed at $8.22. The 52-week high of the shares is $33.64 while the 52-week low is $5.57. According to the latest information available, the market cap of the company is $880 M.

NGL Energy Partners LP(NGL) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.69B. Analysts had an estimated revenue of $3.30B. Earnings per share were $0.19. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, H Michael Krimbill (CEO) purchased 100,000 shares at $6.66 per share price.Also, On Mar 14, 2016, James M Collingsworth (director) purchased 12,500 shares at $6.98 per share price.On Dec 7, 2015, Vincent J Osterman (President, Eastern Retail OP) purchased 20,000 shares at $13.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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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