Somewhat Positive Press Coverage Somewhat Unlikely to Affect NGL Energy Partners (NGL) Share Price

Press coverage about NGL Energy Partners (NYSE:NGL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NGL Energy Partners earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 44.54653793754 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have commented on NGL shares. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price objective (up from $14.00) on shares of NGL Energy Partners in a report on Tuesday, November 7th. Zacks Investment Research downgraded NGL Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Stifel Nicolaus restated a “hold” rating and set a $10.00 price objective on shares of NGL Energy Partners in a report on Sunday, October 29th. Credit Suisse Group started coverage on NGL Energy Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. NGL Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $15.40.

NGL Energy Partners (NGL) opened at $16.60 on Friday. NGL Energy Partners has a fifty-two week low of $8.57 and a fifty-two week high of $25.80. The company has a market capitalization of $2,020.00, a price-to-earnings ratio of -7.90 and a beta of 0.69. The company has a current ratio of 1.56, a quick ratio of 0.99 and a debt-to-equity ratio of 1.69.

In related news, CFO Robert W. Karlovich III purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $11.66 per share, for a total transaction of $116,600.00. Following the acquisition, the chief financial officer now owns 99,320 shares of the company’s stock, valued at approximately $1,158,071.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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About NGL Energy Partners

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

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