NGL Energy Partners LP [NYSE: NGL] stock went on an upward path that rose over 5.35% on Friday, amounting to a one-week price decrease of less than -17.60%. Over the last 12 months, NGL stock dropped by -60.70%. The one-year NGL Energy Partners LP stock forecast points to a potential downside of -18.22. The average equity rating for NGL stock is currently 3.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $697.88 million, with 128.57 million shares outstanding and 118.34 million shares in the current float. Compared to the average trading volume of 2.24M shares, NGL stock reached a trading volume of 1293966 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on NGL Energy Partners LP [NGL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NGL shares is $4.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NGL stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for NGL Energy Partners LP shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 02, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $15 to $5. The new note on the price target was released on March 16, 2020, representing the official price target for NGL Energy Partners LP stock. On October 08, 2019, analysts decreased their price target for NGL shares from 17 to 13.50.
The Average True Range (ATR) for NGL Energy Partners LP is set at 0.62, with the Price to Sales ratio for NGL stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 0.19.
NGL Stock Performance Analysis:
NGL Energy Partners LP [NGL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.60. With this latest performance, NGL shares gained by 15.59% in over the last four-week period, additionally sinking by -46.59% over the last 6 months – not to mention a drop of -60.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NGL stock in for the last two-week period is set at 52.73, with the RSI for the last a single of trading hit 47.47, and the three-weeks RSI is set at 52.82 for NGL Energy Partners LP [NGL]. The present Moving Average for the last 50 days of trading for this stock 4.65, while it was recorded at 6.21 for the last single week of trading, and 8.81 for the last 200 days.
Insight into NGL Energy Partners LP Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and NGL Energy Partners LP [NGL] shares currently have an operating margin of +1.88 and a Gross Margin at +7.57. NGL Energy Partners LP’s Net Margin is presently recorded at -2.35.
Return on Equity for this stock declined to -7.64, with Return on Assets sitting at -2.88.
NGL Energy Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.
NGL Stock EPS
With the latest financial reports released by the company, NGL Energy Partners LP posted -0.96/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,271.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NGL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NGL Energy Partners LP go to 3.00%.
NGL Energy Partners LP [NGL] Insider Position Details
There are presently around $397 million, or 74.40% of NGL stock, in the hands of institutional investors. The top three institutional holders of NGL stocks are: INVESCO LTD. with ownership of 21,836,688, which is approximately 1.858% of the company’s market cap and around 1.60% of the total institutional ownership; ALPS ADVISORS INC, holding 15,279,193 shares of the stock with an approximate value of $87.24 million in NGL stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $29.89 million in NGL stock with ownership of nearly -3.711% of the company’s market capitalization.
Positions in NGL Energy Partners LP stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 42 institutional holders increased their position in NGL Energy Partners LP [NYSE:NGL] by around 5,363,497 shares. Additionally, 66 investors decreased positions by around 12,661,425 shares, while 20 investors held positions by with 51,531,663 shares. The mentioned changes placed institutional holdings at 69,556,585 shares, according to the latest SEC report filing. NGL stock had 18 new institutional investments in for a total of 1,515,355 shares, while 26 institutional investors sold positions of 3,264,605 shares during the same period.