Media headlines about NGL Energy Partners (NYSE:NGL) have been trending positive recently, AlphaOne reports. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NGL Energy Partners earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also gave news articles about the oil and gas company an impact score of 87 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- Norfolk Southern honors 55 customers for safe shipping of chemical products (gsnmagazine.com)
- Zacks: Brokerages Anticipate NGL Energy Partners LP (NGL) Will Post Quarterly Sales of $3.46 Billion (americanbankingnews.com)
- NGL Energy Partners (NGL) Given Daily News Impact Rating of 0.63 (americanbankingnews.com)
- Norfolk Southern Honors Chemical Companies’ Safe Shipping Practices (chemicalprocessing.com)
- NGL Energy Partners LP (NGL) Expected to Announce Earnings of $0.74 Per Share (americanbankingnews.com)
NGL has been the topic of several recent research reports. Raymond James Financial, Inc. upgraded NGL Energy Partners from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Thursday, January 12th. TheStreet upgraded NGL Energy Partners from a “d+” rating to a “c-” rating in a research report on Thursday, January 19th. Zacks Investment Research upgraded NGL Energy Partners from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, February 1st. FBR & Co upgraded NGL Energy Partners from a “market perform” rating to an “outperform” rating and increased their target price for the company from $21.00 to $29.00 in a research report on Friday, January 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $21.00 target price on shares of NGL Energy Partners in a research report on Friday, January 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.29.
NGL Energy Partners (NYSE:NGL) traded up 0.47% on Friday, reaching $21.55. The company had a trading volume of 33,613 shares. The company’s market capitalization is $2.37 billion. NGL Energy Partners has a 52-week low of $11.57 and a 52-week high of $25.80. The company’s 50-day moving average is $22.00 and its 200-day moving average is $20.92.
NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Tuesday, February 7th. The oil and gas company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.48. NGL Energy Partners had a positive return on equity of 9.99% and a negative net margin of 0.85%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.09 billion. Equities analysts anticipate that NGL Energy Partners will post $1.51 EPS for the current fiscal year.
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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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