Zacks Investment Research downgraded shares of NGL ENERGY PART (NGL) from OUTPERFORM to NEUTRAL on July 10, 2012, with a target price of $25.50.
NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane wholesale supply and marketing and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma.
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