NGL ENERGY PARTNERS LP (NYSE:NGL) : 3 brokerage houses believe that NGL ENERGY PARTNERS LP (NYSE:NGL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NGL ENERGY PARTNERS LP (NYSE:NGL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.
NGL ENERGY PARTNERS LP (NYSE:NGL) : The consensus price target for NGL ENERGY PARTNERS LP (NYSE:NGL) is $15.75 for the short term with a standard deviation of $4.03. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $11.
For the current week, the company shares have a recommendation consensus of Buy.
NGL ENERGY PARTNERS LP (NYSE:NGL): stock turned positive on Tuesday. Though the stock opened at $18.56, the bulls momentum made the stock top out at $19.54 level for the day. The stock recorded a low of $18.4008 and closed the trading day at $19.54, in the green by 9.71%. The total traded volume for the day was 670,068. The stock had closed at $17.81 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Ngl Energy Partners Lp, Krimbill H Michael, had purchased 100,000 shares in a transaction dated on March 15, 2016. The transaction was executed at $6.66 per share with total amount equaling $666,000.
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.