NGL Energy Partners (NGL) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NGL Energy Partners in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGL, but not buy additional shares or sell existing shares.
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NGL Energy Partners' stock was trading at $5.57 at the start of the year. Since then, NGL shares have increased by 3.6% and is now trading at $5.77.
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NGL Energy Partners saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,550,000 shares, an increase of 25.0% from the December 15th total of 2,040,000 shares. Based on an average daily trading volume, of 467,500 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
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NGL Energy Partners LP (NYSE:NGL) issued its earnings results on Monday, June, 6th. The oil and gas company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.63. The oil and gas company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.09 billion. NGL Energy Partners had a trailing twelve-month return on equity of 26.10% and a net margin of 0.50%. During the same period last year, the business earned ($0.50) EPS.

ETFs with the largest weight of NGL Energy Partners (NYSE:NGL) stock in their portfolio include Unusual Whales Subversive Republican Trading ETF (KRUZ).Global X MLP ETF (MLPA).

26 employees have rated NGL Energy Partners Chief Executive Officer H. Michael Krimbill on Glassdoor.com. H. Michael Krimbill has an approval rating of 27% among the company's employees. This puts H. Michael Krimbill in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NGL Energy Partners investors own include Energy Transfer (ET), New Residential Investment (NRZ), Washington Prime Group (WPG), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), EnLink Midstream (ENLC), DHT (DHT), Orchid Island Capital (ORC), Pennsylvania Real Estate Investment Trust (PEI) and New York Mortgage Trust (NYMT).

NGL Energy Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Fractal Investments LLC (0.63%), ING Groep NV (0.61%), BNP Paribas Financial Markets (0.43%), NBW Capital LLC (0.24%), Whittier Trust Co. (0.09%) and Jump Financial LLC (0.07%). Insiders that own company stock include Bradley P Cooper, Derek S Reiners, H Michael Krimbill, James M Collingsworth, John Ciolek and Kurston Patrick Mcmurray.
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Shares of NGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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