NGL Energy Partners LP [NGL] Is Still Overvalued at $2.69

NGL Energy Partners LP [NGL] shares are down more than -73.58% this year and recently increased 0.05% or $0.13 to settle at $2.69. Analysts expect NGL to grow earnings at a 3.00% annual rate over the next 5 years. NGL has a short ratio of 2.72. This implies that the market is currently less bullish on the outlook for NGL.

On 18, November 2020, NGL Energy Partners LP to Participate in the 2020 RBC Midstream Energy Virtual Conference. According to news published on Yahoo Finance, NGL Energy Partners LP (NYSE:NGL) today announced that it will participate in the 2020 RBC Midstream Energy Virtual Conference on November 18 and 19, 2020. Members of NGL’s management team will be participating in a series of virtual meetings with members of the investment community.

Analyst Birdseye View:

The most recent analyst activity for NGL Energy Partners LP [NYSE:NGL] stock was on July 22, 2020, when it was Downgrade with an Underweight rating from Wells Fargo, which also raised its 12-month price target on the stock to $4. On April 02, 2020, Credit Suisse Downgrade an Underperform rating and plunged its price target on this stock from $5 to $2. On March 16, 2020, RBC Capital Mkts Downgrade a Sector perform rating and decreased its price target from $15 to $5. On March 12, 2020, Raymond James Downgrade a Mkt perform rating. On October 08, 2019, UBS Downgrade a Neutral rating and boosted its amount target on this stock to $13.50. On July 17, 2019, Piper Jaffray Initiated a Neutral rating and boosted its target amount on this stock to $17. On February 20, 2019 Credit Suisse Downgrade a Neutral rating and elevated its amount target to $15.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.15 and a peak of $12.08. Right now, according to Wall Street analyst the average 12-month amount target is $2.58. At the most recent market close, shares of NGL Energy Partners LP [NYSE:NGL] were valued at $2.69. According to the average price forecast, investors can expect a potential return of -14.67%.

FUNDAMENTAL ANALYSIS

NGL Energy Partners LP [NYSE:NGL] most recently reported quarterly sales of 1.17 billion, which represented growth of -35.30%. This publicly-traded organization’s revenue is $5,417,143 per employee, while its income is -$127,509 per employee. This company’s Gross Margin is currently 16.10%, its Operating Margin is -0.50%, its Pretax Margin is -2.38, and its Net Margin is -2.35. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.88, -7.64, 2.80 and -3.54 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 59.64 and the whole liability to whole assets at 51.20. It shows enduring liability to the whole principal at 58.54 and enduring liability to assets at 0.50 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.42 points at 1st support level, the second support level is making up to 2.28. But as of 1st resistance point, this stock is sitting at 2.67 and at 2.79 for 2nd resistance point.

NGL Energy Partners LP [NGL] reported its earnings at -$0.14 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.12/share signifying the difference of -0.02 and -16.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.44 calling estimates for -$0.11/share with the difference of -0.33 depicting the surprise of -300.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for NGL Energy Partners LP [NYSE:NGL] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.03. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.04 and it’s amount to book ratio is 0.25.

Insider Stories

The most recent insider trade was by Ciolek John, Executive Vice President, and it was the purchase of 10000.0 shares on Jun 05. COLLINGSWORTH JAMES M, the Director, completed a purchase of 25000.0 shares on Mar 12. On Mar 06, Karlovich Robert W III, CFO, Exec VP, completed a purchase of 10000.0 shares.