NGL Energy Partners (NGL) Receives a Hold from Wells Fargo

By Carrie Williams

Wells Fargo analyst Michael Blum maintained a Hold rating on NGL Energy Partners (NGLResearch Report) on December 6. The company’s shares closed last Monday at $9.82, close to its 52-week low of $8.71.

According to TipRanks.com, Blum is a 4-star analyst with an average return of 8.5% and a 58.3% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners, Phillips 66 Partners, and Energy Transfer.

NGL Energy Partners has an analyst consensus of Moderate Buy, with a price target consensus of $13.75, implying a 41.9% upside from current levels. In a report issued on November 25, Credit Suisse also maintained a Hold rating on the stock with a $12.00 price target.

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The company has a one-year high of $15.70 and a one-year low of $8.71. Currently, NGL Energy Partners has an average volume of 984.6K.

Based on the recent corporate insider activity of 30 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 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.