At the time of writing, NGL Energy Partners LP [NGL] stock is trading at $5.18, up 3.81%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NGL shares have gain 8.60% over the last week, with a monthly amount glided 9.75%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
NGL Energy Partners LP [NYSE: NGL] stock has seen the most recent analyst activity on February 18, 2021, when UBS upgraded its rating to a Neutral and also boosted its price target to $3 from $2. Previously, UBS downgraded its rating to Sell on October 16, 2020. On July 22, 2020, downgrade downgraded it’s rating to Underweight but maintained its price target of $4 on the stock. Credit Suisse downgraded its rating to a Underperform and decreased its price target to $2 on April 02, 2020. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $5 on March 16, 2020. Raymond James downgraded its rating to Mkt Perform for this stock on March 12, 2020. In a note dated October 08, 2019, UBS downgraded an Neutral rating on this stock and revised its target price from $17 to $13.50.
For the past year, the stock price of NGL Energy Partners LP fluctuated between $3.84 and $6.20. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. NGL Energy Partners LP [NYSE: NGL] shares were valued at $5.18 at the most recent close of the market. An investor can expect a potential drop of -61.39% based on the average NGL price forecast.
Analyzing the NGL fundamentals
According to NGL Energy Partners LP [NYSE:NGL], the company’s sales were 6.24B for trailing twelve months, which represents an -26.53% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.39 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of16.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.01 points at the first support level, and at 4.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.29, and for the 2nd resistance point, it is at 5.40.
Ratios To Look Out For
It is important to note that NGL Energy Partners LP [NYSE:NGL] has a current ratio of 1.21. Further, the Quick Ratio stands at 0.98, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.11.
Transactions by insiders
Recent insider trading involved COLLINGSWORTH JAMES M, Director, that happened on Feb 14 ’24 when 69899.0 shares were purchased. Director, COLLINGSWORTH JAMES M completed a deal on Feb 13 ’24 to buy 30101.0 shares.
