NGL Energy Partners LP (NGL) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on NGL Energy Partners LP. NGL Energy Partners LP was Downgraded by Goldman to ” Sell” on Mar 11, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 11 from a previous price target of $18 .Shares were Reiterated by Wunderlich on Feb 11, 2016 to “Hold” and Lowered the Price Target to $ 7.50 from a previous price target of $15 .
NGL Energy Partners LP opened for trading at $9.56 and hit $10.94 on the upside on Wednesday, eventually ending the session at $10.74, with a gain of 14.26% or 1.34 points. The heightened volatility saw the trading volume jump to 11,74,236 shares. Company has a market cap of $1,150 M.
In a different news, on Mar 17, 2016, H Michael Krimbill (CEO) purchased 100,000 shares at $6.66 per share price. According to the SEC, 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.