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NGL Energy Partners LP (NGL) [hlAlert]

Rating:
Hold NGL

NGL Energy Partners LP (NGL) rated Hold with price target $36 by Deutsche Bank

Posted on: Friday,  Oct 11, 2013  1:25 PM ET by Deutsche Bank

NGL Energy Partners LP (NYSE:
NGL) rated Hold with price target $36 by Deutsche Bank.

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).

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2013 1:25 PM Hold
None
30.95 36.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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