In the past week, NGL stock has gone up by 11.31%, with a monthly gain of 5.35% and a quarterly surge of 30.71%. The volatility ratio for the week is 5.84%, and the volatility levels for the last 30 days are 4.83% for NGL Energy Partners LP The simple moving average for the past 20 days is 11.03% for NGL’s stock, with a 62.18% simple moving average for the past 200 days.
Is It Worth Investing in NGL Energy Partners LP (NYSE: NGL) Right Now?
Additionally, the 36-month beta value for NGL is 1.59. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The average price predicted by analysts for NGL is $2.50, which is -$0.65 below the current price. The public float for NGL is 122.20M and currently, short sellers hold a 1.67% ratio of that float. The average trading volume of NGL on May 24, 2023 was 800.82K shares.
NGL) stock’s latest price update
NGL Energy Partners LP (NYSE: NGL)’s stock price has gone rise by 3.28 in comparison to its previous close of 3.05, however, the company has experienced a 11.31% increase in its stock price over the last five trading days.
NGL Trading at 8.91% from the 50-Day Moving Average
After a stumble in the market that brought NGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.84% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares surge +12.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.55% lower at present.
During the last 5 trading sessions, NGL rose by +11.31%, which changed the moving average for the period of 200-days by +90.91% in comparison to the 20-day moving average, which settled at $2.86. In addition, NGL Energy Partners LP saw 160.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NGL starting from Cooper Bradley P, who purchase 50,000 shares at the price of $2.79 back on Feb 14. After this action, Cooper Bradley P now owns 200,000 shares of NGL Energy Partners LP, valued at $139,315 using the latest closing price.
KRIMBILL H MICHAEL, the Chief Executive Officer of NGL Energy Partners LP, purchase 50,000 shares at $1.07 during a trade that took place back on Dec 15, which means that KRIMBILL H MICHAEL is holding 2,938,615 shares at $53,700 based on the most recent closing price.
Stock Fundamentals for NGL
Current profitability levels for the company are sitting at:
- +5.27 for the present operating margin
- +9.66 for the gross margin
The net margin for NGL Energy Partners LP stands at -2.32. The total capital return value is set at 8.64, while invested capital returns managed to touch -3.83. Equity return is now at value -2.40, with -0.20 for asset returns.
Based on NGL Energy Partners LP (NGL), the company’s capital structure generated 266.55 points at debt to equity in total, while total debt to capital is 72.72. Total debt to assets is 57.11, with long-term debt to equity ratio resting at 853.30. Finally, the long-term debt to capital ratio is 71.80.
When we switch over and look at the enterprise to sales, we see a ratio of 0.42, with the company’s debt to enterprise value settled at 0.75. The receivables turnover for the company is 8.51 and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, NGL Energy Partners LP (NGL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
