Moreover, the 36-month beta value for NGL is 1.67. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for NGL is 112.57M and currently, short sellers hold a 3.01% of that float. On June 28, 2024, NGL’s average trading volume was 452.71K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NGL) stock’s latest price update
The stock price of NGL Energy Partners LP (NYSE: NGL) has surged by 1.00 when compared to previous closing price of 4.98, but the company has seen a -3.82% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-06-21 that TULSA, Okla.–(BUSINESS WIRE)–NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.
NGL’s Market Performance
NGL Energy Partners LP (NGL) has seen a -3.82% fall in stock performance for the week, with a -10.18% decline in the past month and a -12.67% plunge in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 4.33% for NGL. The simple moving average for the last 20 days is -7.11% for NGL stock, with a simple moving average of -1.94% for the last 200 days.
Analysts’ Opinion of NGL
Many brokerage firms have already submitted their reports for NGL stocks, with UBS repeating the rating for NGL by listing it as a “Neutral.” The predicted price for NGL in the upcoming period, according to UBS is $3 based on the research report published on February 18, 2021 of the previous year 2021.
Wells Fargo gave a rating of “Underweight” to NGL, setting the target price at $4 in the report published on July 22nd of the previous year.
NGL Trading at -10.47% 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 -18.81% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -10.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.63% lower at present.
During the last 5 trading sessions, NGL fell by -3.35%, which changed the moving average for the period of 200-days by +30.28% in comparison to the 20-day moving average, which settled at $5.39. In addition, NGL Energy Partners LP saw -9.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NGL starting from COLLINGSWORTH JAMES M, who purchase 69,899 shares at the price of $5.82 back on Feb 14 ’24. After this action, COLLINGSWORTH JAMES M now owns 629,500 shares of NGL Energy Partners LP, valued at $406,742 using the latest closing price.
COLLINGSWORTH JAMES M, the Director of NGL Energy Partners LP, purchase 30,101 shares at $5.81 during a trade that took place back on Feb 13 ’24, which means that COLLINGSWORTH JAMES M is holding 559,601 shares at $174,824 based on the most recent closing price.
Stock Fundamentals for NGL
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.1 for the gross margin
The net margin for NGL Energy Partners LP stands at -0.02. The total capital return value is set at 0.04. Equity return is now at value -12.02, with -2.74 for asset returns.
Based on NGL Energy Partners LP (NGL), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at -5916.8. The interest coverage ratio of the stock is 5.66.
Currently, EBITDA for the company is 567.45 million with net debt to EBITDA at 8.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 8.53for trailing twelve months and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To wrap up, the performance of NGL Energy Partners LP (NGL) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
