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NGL Energy Partners LP (NGL) [hlAlert]

Rating:
Underperform
NGL
down 60.77 %

NGL Energy Partners LP (NGL) downgraded to Underperform by BofA/Merrill

Posted on: Thursday,  Dec 10, 2015  12:25 PM ET by BofA/Merrill

BofA/Merrill rated Underperform NGL Energy Partners LP (NYSE: NGL) on 12/10/2015. Previously BofA/Merrill rated Buy NGL Energy Partners LP (NYSE: NGL) on
07/22/2013., when the stock price was $29.09. Since then, NGL Energy Partners LP has lost 60.78% as of 12/10/2015's recent price of $11.41.
If you would have followed the previous BofA/Merrill's recommendation on NGL, you would have lost 60.77% of your investment in 871 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).

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2015 12:25 PM Sell
None
11.41
as of 8/27/2015
1 Week down  -4.43 %
1 Month down  -25.40 %
3 Months down  -16.40 %
1 YTD down  -29.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/22/2013 8:25 AM Buy
None
29.09

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