Zacks Investment Research downgraded NGL Energy Partners LP (NYSE:NGL) to Strong Sell in a report released today.
- Updated: February 17, 2017
Yesterday NGL Energy Partners LP (NYSE:NGL) traded -3.73% lower at $23.25. NGL Energy Partners LP’s 50-day average is $23.27 and its two hundred day average is $19.68. With the last stock price up 18.17% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.06% over the same period. Trade Volume was up over the average, with 4,103,155 shares of NGL changing hands over the typical 617,292
Zacks Investment Research has downgraded NGL Energy Partners LP (NYSE:NGL) to Strong Sell in a report released on 2/17/2017.
Previously on 2/15/2017, FBR & Co. reported on NGL Energy Partners LP (NYSE:NGL) reduced the target price from $29.00 to $28.00. At the time, this indicated a possible upside of 0.17%.
Recent Performance Chart
NGL Energy Partners LP has with a one year low of $6.52 and a one year high of $25.80 and has a total market value of $0.
A total of 8 equity analysts have released a ratings update on NGL. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.00.
Brief Synopsis About NGL Energy Partners LP (NYSE:NGL)
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. Its water solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. Its liquids segment supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants throughout the United States and in Canada. Its retail propane segment consists of the retail marketing, and sale and distribution of propane and distillates, among others. The Company's refined products and renewables segment is engaged in gasoline, diesel, ethanol and biodiesel marketing operations.
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