NGL Energy Partners (NGL) is Downgraded by Raymond James to Mkt Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
NGL Energy Partners LP has dropped 44.53% during the last 3-month period . Year-to-Date the stock performance stands at -56.45%.
NGL ENERGY PARTNERS LP (NYSE:NGL) has lost 0.9% during the past week and dropped 18.46% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.07%. NGL ENERGY PARTNERS LP (NYSE:NGL) has underperformed the index by 16.56% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
NGL ENERGY PARTNERS LP (NYSE:NGL) : On Thursday heightened volatility was witnessed in NGL ENERGY PARTNERS LP (NYSE:NGL) which led to swings in the share price. The shares opened for trading at $9.97 and hit $11.23 on the upside , eventually ending the session at $11.04, with a gain of 9.63% or 0.97 points. The heightened volatility saw the trading volume jump to 1,025,158 shares. The 52-week high of the share price is $33.64 and the company has a market cap of $1,181 million. The 52-week low of the share price is at $8.04 .
In the past twelve weeks, the net percent change held by company insiders has changed by 10.82% . Institutional Investors own 56.97% of NGL ENERGY PARTNERS LP shares. During last six month period, the net percent change held by insiders has seen a change of 5.31%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Osterman Vincent J, director officer (President, Eastern Retail OP) of Ngl Energy Partners Lp, executed a transaction worth $275,000 on December 4, 2015. A total of 20,000 shares were purchased at an average price of $13.75. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business. It operates in three segments: retail propane; wholesale supply and marketing; and midstream. Its general partner is NGL Energy Holdings LLC (the General Partner). In July 2014, the Company announced that it has completed its acquisition from Morgan Stanley affiliates of TransMontaigne Inc., the owner of TransMontaigne GP L.L.C., which is the general partner of TransMontaigne Partners L.P., a master limited partnership; the limited partnership interest of TransMontaigne Partners L.P. held by TransMontaigne Inc., amounting to approximately 17% of the outstanding units; the limited partnership interest of TransMontaigne Partners L.P. held by affiliates of Morgan Stanley, amounting to approximately 3% of the outstanding units, and certain entities associated with the TransMontaigne business, as well as the related inventory and pipeline and other contract rights.