NGL Energy Partners LP (NYSE:NGL) has a consensus earnings per share estimate for the current quarter of $0.57 based on compiled analyst projections. The company is next expected to release earnings on or around 2016-06-06 for the period ending 2016-03-31. For the same quarter last year, the company posted EPS of $0.88. When a company posts earnings, the results have the ability to cause near-term stock movements whether expectations are hit or missed. Before an earnings release, traders might be monitoring directional trends of given estimates. The company last posted a previous quarter EPS of $0.03. The Zacks Research consensus estimate prior to earnings was $0.27. The gap in the numbers was $-0.24 creating a surprise factor of -88.89%. The current mean target price for shares is $8.5 which is including 5 analysts polled by Zacks Research. The most lofty target sees the stock hitting $11 and the bottom projection has the stock reaching $6 within the year. Zacks Research also uses an analyst ratings scale that goes from 1 to 5. On the scale, a 1 would signify a Strong Buy, and a 5 rating would signify a Strong Sell rating. Putting together all the ratings on NGL Energy Partners LP (NYSE:NGL), the current mean stands at 2.5.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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