NGL Energy Partners LP has a consensus price target of $3.13, established from looking at the 3 latest analyst ratings. The last 3 analyst ratings were released from Wells Fargo, Wells Fargo, and Wells Fargo on June 5, 2023, April 28, 2022, and May 13, 2021. With an average price target of $2.75 between Wells Fargo, Wells Fargo, and Wells Fargo, there's an implied -52.34% downside for NGL Energy Partners LP from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
06/05/2023 | NGL | Buy Now | NGL Energy Partners | $5.77 | -30.68% | Wells Fargo | Michael Blum | $2 → $4 | Upgrade | Underweight → Equal-Weight | Get Alert |
04/28/2022 | NGL | Buy Now | NGL Energy Partners | $5.77 | -65.34% | Wells Fargo | Michael Blum | $1.75 → $2 | Maintains | Underweight | Get Alert |
05/13/2021 | NGL | Buy Now | NGL Energy Partners | $5.77 | -61.01% | Wells Fargo | — | — | Maintains | Underweight | Get Alert |
The latest price target for NGL Energy Partners (NYSE: NGL) was reported by Wells Fargo on June 5, 2023. The analyst firm set a price target for $4.00 expecting NGL to fall to within 12 months (a possible -30.68% downside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for NGL Energy Partners (NYSE: NGL) was provided by Wells Fargo, and NGL Energy Partners upgraded their equal-weight rating.
The last upgrade for NGL Energy Partners LP happened on June 5, 2023 when Wells Fargo raised their price target to $4. Wells Fargo previously had an underweight for NGL Energy Partners LP.
There is no last downgrade for NGL Energy Partners.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of NGL Energy Partners, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for NGL Energy Partners was filed on June 5, 2023 so you should expect the next rating to be made available sometime around June 5, 2024.
While ratings are subjective and will change, the latest NGL Energy Partners (NGL) rating was a upgraded with a price target of $2.00 to $4.00. The current price NGL Energy Partners (NGL) is trading at is $5.77, which is out of the analyst’s predicted range.
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