Stifel Nicolaus analyst Selman Akyol reiterated a Hold rating on NGL Energy Partners (NGL) on November 15 and set a price target of $11. The company’s shares closed on Friday at $9.66, close to its 52-week low of $9.26.
According to TipRanks.com, Akyol is a 3-star analyst with an average return of 1.6% and a 54.8% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, Green Plains Partners, and Targa Resources Corp.
NGL Energy Partners has an analyst consensus of Moderate Buy, with a price target consensus of $14, a 44.9% upside from current levels. In a report issued on November 7, Wells Fargo also maintained a Hold rating on the stock with a $13 price target.
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NGL Energy Partners’ market cap is currently $1.2B and has a P/E ratio of 4.60. The company has a Price to Book ratio of 0.58.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NGL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NGL Energy Partners LP owns and operates a vertically integrated energy business. It operates through the following segments: Crude Oil Logistics, Water Solutions, Liquids, Retail Propane, and Refined Products and Renewables.
