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NGL

NGL Energy Partners

$11.55

0.9 (8.45%)

17:39
03/16/18
03/16
17:39
03/16/18
17:39

NGL Energy Partners does not expect material impact from FERC policy change

NGL Energy Partners announced that it does not expect a material impact from yesterday's revised policy statement by the Federal Energy Regulatory Commission, or FERC to disallow income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships, or MLPs. NGL owns Grand Mesa Pipeline, a FERC regulated interstate crude oil pipeline that operates from the DJ Basin in Weld County, Colorado with deliveries to Cushing, Oklahoma. FERC's revised policy impacts cost-of-service rates on oil pipelines. Currently, the volumes of crude oil that are transported on Grand Mesa are subject to contractual agreements. Therefore, FERC's revised policy will not impact Grand Mesa at the present time.

NGL NGL Energy Partners
$11.55

0.9 (8.45%)

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.
01/04/18
FBCO
01/04/18
INITIATION
Target $16
FBCO
Outperform
NGL Energy Partners initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated NGL Energy Partners with an Outperform rating and a price target of $16 on expected improvement in contract mix and strong positioning in water handling in the Delaware and Denver-Julesburg basins.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/21/18
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13:16
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NYSE market internals summary »

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TEX

Terex

$39.76

0.86 (2.21%)

13:12
08/21/18
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13:12
Hot Stocks
Terex anticipating multiple years of strong demand in AWP sector »

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VIPS

Vipshop

$7.33

-0.165 (-2.20%)

13:10
08/21/18
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13:10
Options
Call buyer in Vipshop »

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LEN

Lennar

$53.42

2.31 (4.52%)

13:05
08/21/18
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13:05
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13:05
Options
Lennar call volume above normal and directionally bullish »

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UBER

Uber

$0.00

(0.00%)

13:02
08/21/18
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13:02
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13:02
Periodicals
Uber names new CFO as it moves forward with 'its long-awaited IPO,' BI says »

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RIGL

Rigel Pharmaceuticals

$2.62

0.03 (1.16%)

13:01
08/21/18
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13:01
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Breaking Hot Stocks news story on Rigel Pharmaceuticals »

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RIGL

Rigel Pharmaceuticals

$2.62

0.03 (1.16%)

13:01
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08/21
13:01
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13:01
Hot Stocks
Breaking Hot Stocks news story on Rigel Pharmaceuticals »

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RIGL

Rigel Pharmaceuticals

$2.62

0.03 (1.16%)

13:01
08/21/18
08/21
13:01
08/21/18
13:01
Hot Stocks
Breaking Hot Stocks news story on Rigel Pharmaceuticals »

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RIGL

Rigel Pharmaceuticals

$2.62

0.03 (1.16%)

13:01
08/21/18
08/21
13:01
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13:01
Hot Stocks
Breaking Hot Stocks news story on Rigel Pharmaceuticals »

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PINC

Premier

$44.25

5.9 (15.38%)

, AMZN

Amazon.com

$1,896.00

20.55 (1.10%)

12:58
08/21/18
08/21
12:58
08/21/18
12:58
Recommendations
Premier, Amazon.com analyst commentary  »

Premier price target…

PINC

Premier

$44.25

5.9 (15.38%)

AMZN

Amazon.com

$1,896.00

20.55 (1.10%)

03/08/13
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SPY

SPDR S&P 500 ETF Trust

$287.17

1.49 (0.52%)

, SPX

S&P 500

$0.00

(0.00%)

12:54
08/21/18
08/21
12:54
08/21/18
12:54
Hot Stocks
Breaking Hot Stocks news story on SPDR S&P 500 ETF Trust, S&P 500 »

S&P 500 rises 0.6% to…

SPY

SPDR S&P 500 ETF Trust

$287.17

1.49 (0.52%)

SPX

S&P 500

$0.00

(0.00%)

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BHP

BHP Billiton

$47.52

-0.78 (-1.61%)

12:50
08/21/18
08/21
12:50
08/21/18
12:50
Periodicals
BHP exec says protectionism will result in higher U.S. prices, Reuters says »

BHP head of marketing and…

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TSLA

Tesla

$320.85

12.35 (4.00%)

, MS

Morgan Stanley

$48.90

0.63 (1.31%)

12:49
08/21/18
08/21
12:49
08/21/18
12:49
Periodicals
Morgan Stanley retained as adviser to Tesla, Gasparino says »

Fox Business…

TSLA

Tesla

$320.85

12.35 (4.00%)

MS

Morgan Stanley

$48.90

0.63 (1.31%)

03/08/13
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  • 12

    Sep

  • 29

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12:45
08/21/18
08/21
12:45
08/21/18
12:45
General news
Dallas Fed's Kaplan: Fed has met its goals »

Dallas Fed's Kaplan:…

M

Macy's

$38.27

0.06 (0.16%)

12:40
08/21/18
08/21
12:40
08/21/18
12:40
Options
Short-term ratio spread opened in Macy's »

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  • 17

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12:35
08/21/18
08/21
12:35
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12:35
General news
St Louis Fed study on the openness of the U.S. economy »

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CCL

Carnival

$61.51

0.74 (1.22%)

12:30
08/21/18
08/21
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12:30
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Carnival, Canaveral Port Authority reach agreement on cruise terminal »

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  • 05

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TJX

TJX

$106.24

4.56 (4.48%)

12:28
08/21/18
08/21
12:28
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12:28
Recommendations
TJX analyst commentary  »

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  • 21

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SEAC

SeaChange

$1.67

-1.24 (-42.61%)

12:27
08/21/18
08/21
12:27
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12:27
Downgrade
SeaChange rating change  »

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PINC

Premier

$44.04

5.69 (14.84%)

12:24
08/21/18
08/21
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12:24
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Premier analyst commentary  »

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  • 21

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$287.08

1.4 (0.49%)

12:23
08/21/18
08/21
12:23
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12:23
Technical Analysis
Technical Take: SPDR S&P 500 ETF at fresh life highs at midday »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$287.08

1.4 (0.49%)

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SGMS

Scientific Games

$31.00

0.875 (2.90%)

12:20
08/21/18
08/21
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12:20
Options
$11M call buyer in Scientific Games as shares bounce »

$11M call buyer in…

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MSFT

Microsoft

$107.04

0.17 (0.16%)

12:19
08/21/18
08/21
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12:19
Hot Stocks
Microsoft launches AccountGuard initiative to protect American election process »

In an earlier blog post,…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
08/21/18
08/21
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Technical Analysis
NASDAQ market internals summary »

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SGAMY

Sega Sammy Holdings

$0.00

(0.00%)

, SNE

Sony

$54.53

-0.02 (-0.04%)

12:16
08/21/18
08/21
12:16
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12:16
Hot Stocks
Game On: Cowen sees 'rough go' for EA's upcoming 'Battlefield V' »

Welcome to "Game…

SGAMY

Sega Sammy Holdings

$0.00

(0.00%)

SNE

Sony

$54.53

-0.02 (-0.04%)

MSFT

Microsoft

$107.03

0.16 (0.15%)

EA

Electronic Arts

$127.06

-0.625 (-0.49%)

ATVI

Activision Blizzard

$69.66

0.73 (1.06%)

TTWO

Take-Two

$126.17

1.29 (1.03%)

TCEHY

Tencent

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

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