uploads///NGL anr

NGL Energy Partners Has the Highest Upside Potential

By

Aug. 29 2018, Updated 10:10 a.m. ET

NGL Energy Partners

Currently, NGL Energy Partners (NGL) stock offers an upside potential of 25% based on analysts’ median target price of $15.5. NGL Energy Partners closed at $12.4 as on August 27.

Among the six analysts covering NGL Energy Partners, one analyst recommended a “strong buy,” three recommended a “buy,” and two recommended a “hold.” None of the analysts recommended a “sell” as of August 28. Stifel raised NGL Energy Partners’ target price from $12.0 to $13.0 on August 14.

The above chart shows how analysts’ views on NGL Energy Partners changed in the last few months.

Article continues below advertisement

NGL Energy Partners reported a net loss in the second quarter due to asset impairment and litigation expenses. The company’s Crude Oil Logistics segment posted 18% earnings growth in the second quarter—compared to the same period last year. NGL Energy Partners had a decent run in the past year. The company rose more than 33% during the past year. The Alerian MLP ETF (AMLP) rose 2% during the same period.

Recently, NGL Energy Partners paid a quarterly distribution of $0.39 per unit. Currently, the company is trading at a distribution yield of 12.6%—way higher than AMLP’s distribution yield of 7.4%.

Peers’ target prices

Holly Energy Partners (HEP) has an estimated downside of ~2% based on analysts’ median target price of $29.71. Currently, Holly Energy Partners is trading at $30.17.

Enable Midstream Partners (ENBL) has a median target price of $18.45—compared to its current market price of $16.63, which indicates an upside potential of 11% for the next 12 months.

Advertisement

More From Market Realist

  • BioNano Genomics Saphyr system
    Company & Industry Overviews
    BioNano Genomics (BNGO) Stock Looks Like a Buy, Solid Opportunity
  • Delta aircraft
    Company & Industry Overviews
    Delta Air Lines Updates Mandatory Vaccine Policy, Explained
  • AMC advertisement in walkway
    Company & Industry Overviews
    Why It's Time for Most Investors to Sell AMC Entertainment Stock
  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.