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NGL Energy Partners LP (NGL) [hlAlert]

Rating:
Outperform
NGL
down 11.07 %

NGL Energy Partners LP (NGL) rated Outperform by Wells Fargo

Posted on: Monday,  Apr 1, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform NGL Energy Partners LP (NYSE: NGL) on 04/01/2013, when the stock price was $27.17.
Since then, NGL Energy Partners LP has lost 11.08% as of 01/26/2016's recent price of $24.16.
If you would have followed this Wells Fargo's recommendation on NGL, you would have lost 11.07% of your investment in 1030 days.

NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business. The Company operates in three segments: retail propane; wholesale supply and marketing; and midstream. Its retail propane business sells propane to end users consisting of residential, agricultural, commercial and industrial customers. The Company?s wholesale supply and marketing business supplies propane and other natural gas liquids and provides related storage to retailers, wholesalers and refiners. Its midstream business, which consists of its propane terminaling business, takes delivery of propane from pipelines or trucks at its propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers or other consumers. On October 14, 2010, it executed a series of transactions (the Combination) with NGL Supply, Inc. (NGL Supply).

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/1/2013 8:25 AM Buy
None
27.17
as of 12/13/2013
1 Week down  -1.21 %
1 Month down  -2.57 %
3 Months down  -4.67 %
1 YTD up  13.98 %

(*) Stock Price at the time of the recommendation.
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