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NGL

NGL Energy Partners

$14.35

0.05 (0.35%)

, BLK

BlackRock

$512.12

-1.47 (-0.29%)

06:23
12/26/17
12/26
06:23
12/26/17
06:23

NGL Energy Partners completes sale of 50% interest in Glass Mountain Pipeline

NGL Energy Partners (NGL) announced that it has closed the sale of its 50% interest in Glass Mountain Pipeline to a fund managed by BlackRock Real Assets (BLK) in partnership with Navigator Energy Services for total gross consideration of $300M. NGL intends to use the cash proceeds to repay a portion of its outstanding indebtedness prior to December 31. "The closing of the Glass Mountain sale prior to end of the quarter will allow us to reduce our indebtedness and improve our leverage for our fiscal third quarter financials. We are continuing to focus on strengthening our balance sheet through the reduction of leverage and improving our liquidity, credit profile and distribution coverage as we move the Partnership forward," stated Trey Karlovich, EVP and CFO of NGL.

NGL

NGL Energy Partners

$14.35

0.05 (0.35%)

BLK

BlackRock

$512.12

-1.47 (-0.29%)

  • 08

    Jan

NGL NGL Energy Partners
$14.35

0.05 (0.35%)

04/25/17
04/25/17
DOWNGRADE

Market Perform
NGL Energy Partners downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Robert Balsamo downgraded NGL Energy Partners to Market Perform saying the company's guidance reflects underappreciated risks to its cash flows.
04/25/17
04/25/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) downgraded to Market Perform from Outperform at Raymond James with analyst Aaron Kessler saying the shares are fairly valued after rallying 21% this year and 44% over the last 12 months. The analyst expects Amazon's investment levels to remain elevated in the near-term and he views consensus operating income estimates for the second quarter as aggressive. 2. General Electric (GE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Obin saying he sees headwinds from weaker Oil & Gas margin, Healthcare, and Power and reduced estimates below consensus. 3. Conagra Brands (CAG) downgraded to Sell from Neutral at UBS with analyst Steven Strycula citing expectations the stock's relative valuation premium will contract amid a decelerating rate of margin improvement and "limited room" for positive earnings estimate revisions. Conagra's portfolio is not well positioned for a consolidating merchandise set, the analyst contends. He cut his price target for the shares to $35 from $38. 4. NGL Energy Partners (NGL) downgraded to Market Perform from Outperform at FBR Capital with analyst Robert Balsamo saying the company's guidance reflects underappreciated risks to its cash flows. 5. Akorn (AKRX) was downgraded to Hold from Buy at Jefferies and Craig-Hallum, to Market Perform from Outperform at William Blair, and to Neutral from Overweight at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
WELS
07/17/17
DOWNGRADE
Target $15
WELS
Market Perform
NGL Energy Partners downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Michael Blum downgraded NGL Energy Partners and lowered his price target for the shares to $15 from $17. The analyst adjusted his ratings for Midstream Master Limited Partnerships and expects the company to report weaker overall earnings in the near-term until customer contracts for capacity on the Colonial Pipeline can be re-worked.
08/04/17
RBCM
08/04/17
NO CHANGE
RBCM
NGL Energy Partners weakness overdone, says RBC Capital
RBC Capital analyst TJ Schultz says that the 20% decline in NGL's stock was overdone. He thinks that its valuation implies that its distribution is at risk, but he believes that the distribution will not be cut if the company's results come "anywhere close to lower expectations." Calling the stock "cheap," the analyst expects the company to "come out of distress." He cut his price target on the shares to $14 from $20 but keeps an Outperform rating on the stock.
BLK BlackRock
$512.12

-1.47 (-0.29%)

09/28/17
09/28/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) upgraded to Buy from Neutral at Longbow with analyst Alton Stump citing better than expected third quarter U.S. comparable store sales trends. 2. Philip Morris (PM) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Judy Hong saying the company offers a "rare innovation product cycle story within Staples" along with the strongest global positioning in next generation products. 3. BlackRock (BLK) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Alexander Blostein saying he expects an acceleration in annual operating income growth given improving trends in active, easing pressures on blended fee rates, and scaling of its tech platform which should lead to sustainable multiple improvement. 4. Potbelly (PBPB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nicole Miller Regan saying she believes a "compelling" turnaround is building. 5. Huntsman (HUN) upgraded to Outperform from Market Perform at Wells Fargo with analyst Frank Mitsch saying the recent weakness in the shares is a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/17
LEHM
10/12/17
NO CHANGE
Target $520
LEHM
Overweight
BlackRock price target raised to $520 from $500 at Barclays
Barclays analyst Jeremy Campbell raised his price target for BlackRock to $520 saying the company yesterday reported solid fundamental results for Q3. He believes BlackRock is well positioned to continue to garner inflows and grow assets under management at a higher pace than the other asset managers. The analyst keeps an Overweight rating on the shares.
10/12/17
FBCO
10/12/17
NO CHANGE
Target $612
FBCO
Outperform
BlackRock price target raised to $612 from $597 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for BlackRock to $612 from $597 following Q3 results. The analyst reiterates an Outperform rating on the shares.
10/12/17
WELS
10/12/17
NO CHANGE
Target $475
WELS
Market Perform
BlackRock price target raised to $475 from $450 at Wells Fargo
Wells Fargo raised its price target for BlackRock to $475 from $450 following quarterly results, while reiterating a Market Perform rating on the shares.

TODAY'S FREE FLY STORIES

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MS

Morgan Stanley

$55.35

0.75 (1.37%)

, BK

BNY Mellon

$57.89

0.35 (0.61%)

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KEY

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JBHT

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0.01 (0.01%)

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ARNA

Arena Pharmaceuticals

$34.36

0.48 (1.42%)

20:24
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Initiation
Arena Pharmaceuticals initiated at Credit Suisse »

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ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

20:12
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01/17
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Initiation
Rosehill Resources initiated at Northland »

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HES

Hess Corp.

$54.02

0.48 (0.90%)

20:10
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Initiation
Hess Corp. initiated at Macquarie »

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  • 05

    Feb

OXY

Occidental Petroleum

$75.86

0.59 (0.78%)

20:10
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Initiation
Occidental Petroleum initiated at Macquarie »

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  • 14

    Feb

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

19:53
01/17/18
01/17
19:53
01/17/18
19:53
Downgrade
Juno Therapeutics rating change at Citi »

Juno Therapeutics…

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WP

Worldpay

$77.89

-0.37 (-0.47%)

19:52
01/17/18
01/17
19:52
01/17/18
19:52
Upgrade
Worldpay rating change at BMO Capital »

Worldpay upgraded to…

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FRAC

Keane Group

$18.51

0.63 (3.52%)

19:52
01/17/18
01/17
19:52
01/17/18
19:52
Syndicate
Keane Group 13.3M share Secondary priced at $18.25 »

The deal size was…

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  • 18

    Jan

INTC

Intel

$44.39

1.25 (2.90%)

19:24
01/17/18
01/17
19:24
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Hot Stocks
Intel says issued firmware updates for 90% of CPUs in past vie years »

Intel said it has made…

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  • 17

    Jan

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    Jan

  • 25

    Jan

TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

19:11
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01/17
19:11
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19:11
Periodicals
Toshiba's Westinghouse to forgo bankruptcy, Reuters reports »

Westinghouse Electric…

TOSBF

Toshiba, also use TOSYY

TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

BAM

Brookfield

$43.10

0.42 (0.98%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

, RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

19:02
01/17/18
01/17
19:02
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19:02
Periodicals
Shell, BP each agree to purchase Libyan oil, Bloomberg reports »

Royal Dutch Shell (RDS.A)…

RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

BP

BP

$42.88

0.42 (0.99%)

03/08/13
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  • 18

    Jan

AAPL

Apple

$179.10

2.91 (1.65%)

18:31
01/17/18
01/17
18:31
01/17/18
18:31
Hot Stocks
Trump says Apple investments 'huge win for American workers' »

President Donald Trump…

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  • 01

    Feb

MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

18:22
01/17/18
01/17
18:22
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18:22
Hot Stocks
Mountain Province Diamonds provides update on Gahcho Kue Mine exploration »

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WAC

Walter Investment

$0.76

0.0347 (4.81%)

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Hot Stocks
Walter Investment prepackaged Chapter 11 plan approved by court »

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

18:10
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01/17
18:10
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18:10
Periodicals
Toyota not affected by Kobe Steel false data scandal, Nikkei reports »

Toyota (TM) said there…

TM

Toyota

$140.72

2.75 (1.99%)

KBSTY

Kobe Steel

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

, BTC

Bitcoin

17:47
01/17/18
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Hot Stocks
Cboe conducts first settlement of Cboe bitcoin futures »

Cboe Global Markets…

CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

BTC

Bitcoin

BITCOIN

Bitcoin

03/08/13
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  • 09

    Feb

GWRE

Guidewire

$75.64

0.19 (0.25%)

17:46
01/17/18
01/17
17:46
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17:46
Hot Stocks
Guidewire director sells 6,000 common shares »

In a regulatory filing,…

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AAPL

Apple

$179.10

2.91 (1.65%)

17:40
01/17/18
01/17
17:40
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17:40
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple cash repatriation…

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  • 01

    Feb

OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

17:36
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Breaking Hot Stocks news story on Obsidian Energy »

FrontFour reports 5.7%…

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SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:33
01/17/18
01/17
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Breaking Hot Stocks news story on Sanchez Energy »

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  • 15

    May

NTDOY

Nintendo

$51.53

1.55 (3.10%)

17:32
01/17/18
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Nintendo announces Nintendo Labo accessories for Switch consoles »

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  • 17

    Jan

PTC

PTC

$66.70

1.41 (2.16%)

, ESIO

Electro Scientific

$22.01

1.91 (9.50%)

17:28
01/17/18
01/17
17:28
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17:28
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: PTC…

PTC

PTC

$66.70

1.41 (2.16%)

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

NEOT

Neothetics

$1.92

0.0793 (4.31%)

PLXS

Plexus

$64.36

0.59 (0.93%)

AA

Alcoa

$56.99

0.75 (1.33%)

SLM

Sallie Mae

$11.49

0.02 (0.17%)

ARWR

Arrowhead

$5.72

0.12 (2.14%)

PRTK

Paratek Pharmaceuticals

$17.68

-0.075 (-0.42%)

IIPR

Innovative Industrial Properties

$31.30

-2.49 (-7.37%)

ECC

Eagle Point Credit

$19.13

-0.39 (-2.00%)

AGIO

Agios Pharmaceuticals

$70.33

1.53 (2.22%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 17

    Jan

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    Jan

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    Jan

  • 07

    Feb

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    Feb

  • 18

    Jan

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    Jan

  • 18

    Jan

  • 18

    Jan

  • 19

    Jan

BTU

Peabody Energy

$40.00

0.42 (1.06%)

17:17
01/17/18
01/17
17:17
01/17/18
17:17
Hot Stocks
Breaking Hot Stocks news story on Peabody Energy »

Discovery Capital reduces…

03/08/13
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  • 07

    Feb

MLNX

Mellanox

$64.30

-0.45 (-0.69%)

17:12
01/17/18
01/17
17:12
01/17/18
17:12
Hot Stocks
Starboard to nominate nine directors for election at Mellanox »

Starboard Value, the…

03/08/13
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03/06/13
Citigroup
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  • 18

    Jan

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