NGL Energy Partners LP (NGL) was Upgraded by Wunderlich to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $13 . Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on Jun 13, 2016.
Many Wall Street Analysts have commented on NGL Energy Partners LP. Stifel Upgraded NGL Energy Partners LP on Jun 3, 2016 to ” Buy”, Price Target of the shares are set at $18.NGL Energy Partners LP was Upgraded by BofA/Merrill to ” Neutral” on Apr 22, 2016.
NGL Energy Partners LP opened for trading at $17.94 and hit $19.4 on the upside on Friday, eventually ending the session at $18.68, with a gain of 2.41% or 0.44 points. The heightened volatility saw the trading volume jump to 23,22,070 shares. Company has a market cap of $1,946 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.