NGL Energy Partners LP [NYSE: NGL] traded at a low on Friday, posting a -2.66 loss after which it closed the day’ session at $3.29.
The results of the trading session contributed to over 113436 shares changing hands. Over the past one week, the price volatility of NGL Energy Partners LP stands at 4.79% while the volatility over the past one month is 4.58%.
The market cap for NGL stock reached $434.32 million, with 132.01 million shares outstanding and 111.44 million shares in the current float. Compared to the average trading volume of 427.51K shares, NGL reached a trading volume of 113436 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $15.00 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 2.00. 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.
UBS have made an estimate for NGL Energy Partners LP shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 18, 2021. The new note on the price target was released on October 16, 2020, representing the official price target for NGL Energy Partners LP stock. Previously, the target price had yet another raise to $4, while Wells Fargo analysts kept a Underweight rating on NGL stock. On April 02, 2020, analysts decreased their price target for NGL shares from 5 to 2.
The Average True Range (ATR) for NGL Energy Partners LP is set at 0.22, with the Price to Sales ratio for NGL stock in the period of the last 12 months amounting to 0.07. Price to Free Cash Flow for NGL in the course of the last twelve months was 7.99 with Quick ratio for the last quarter at 1.04.
How has NGL stock performed recently?
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 -0.60. With this latest performance, NGL shares gained by 4.11% in over the last four-week period, additionally sinking by -24.19% over the last 6 months – not to mention a drop of -42.38% 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 47.25, with the RSI for the last a single of trading hit 47.49, and the three-weeks RSI is set at 45.65 for NGL Energy Partners LP [NGL]. The present Moving Average for the last 50 days of trading for this stock 3.63, while it was recorded at 3.49 for the last single week of trading, and 4.37 for the last 200 days.
NGL Energy Partners LP [NGL]: Deeper insight into the fundamentals
NGL Energy Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.20.
Insider trade positions for NGL Energy Partners LP [NGL]
There are presently around $47.15%, or 50.63%% of NGL stock, in the hands of institutional investors. The top three institutional holders of NGL stocks are: INVESCO LTD. with ownership of 19.56 million shares, which is approximately 14.7625%. MORGAN STANLEY, holding 11.58 million shares of the stock with an approximate value of $$58.62 million in NGL stocks shares; and MORGAN STANLEY, currently with $$24.66 million in NGL stock with ownership which is approximately 3.6776%.
