Piper Jaffray analyst Pearce Hammond maintained a Hold rating on NGL Energy Partners (NGL) today and set a price target of $13.00. The company’s shares closed last Monday at $9.72.
According to TipRanks.com, Hammond is ranked #5091 out of 5681 analysts.
Currently, the analyst consensus on NGL Energy Partners is a Moderate Buy with an average price target of $14.10, representing a 43.4% upside. In a report issued on November 12, Stifel Nicolaus also maintained a Hold rating on the stock with a $14.00 price target.
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Based on NGL Energy Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $201 million. In comparison, last year the company had a net profit of $355 million.
Based on the recent corporate insider activity of 33 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.
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NGL Energy Partners LP engages in the ownership and operation of a vertically integrated energy business. It operates through the following segments: Crude Oil Logistics; Water Solutions; Liquids; Refined Products and Renewables; and Corporate and Other.
