Analyst Ratings for NGL Energy Partners LP (NGL)Updated: 2017-07-27
Shares of NGL Energy Partners LP (NYSE:NGL) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, NGL was issued an average rating of Buy.
6 analysts issued ratings on the stock, where 3 gave NGL a buy rating, 1 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for NGL. The most optimistic price target was 20, which equates to a potential upside of 53.26 percent. The minimum price target given was 13, implying a possible loss of -0.38 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -5.8 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -60.81 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -20.24 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -37.63 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of NGL to grow at a rate of -75.97 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. NGL has a PEG ratio of -0.23.
In the last 52-weeks, NGL has achieved a high of 25.80 and a low of 11.50. The current market price is above the trailing year's low by 13.48 percent, and below the high by 49.42 percent. NGL has a price/earnings ratio of 17.6. Investors typically compare the P/E ratio to a company's peers in the industry. The NGL value stock report compares NGL to some of its peers using value stock charts. The stock has a market capitalization of $1.57 billion. NGL will post this quarters earnings in days, on 0000-00-00.