NGL ENERGY PARTNERS LP (NGL) : 6 analysts are covering NGL ENERGY PARTNERS LP (NGL) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. NGL ENERGY PARTNERS LP (NGL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
NGL ENERGY PARTNERS LP (NGL) : The highest short term price target forecast on NGL ENERGY PARTNERS LP (NGL) is $20 and the lowest target price is $11. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $15.75 with a standard deviation of $4.03.
For the current week, the company shares have a recommendation consensus of Buy.
NGL ENERGY PARTNERS LP (NYSE:NGL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.48 and $18.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.00, notching a gain of 5.44% for the day. The total traded volume was 1,094,087 . The stock had closed at $18.02 on the previous day.
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.