NGL Energy Partners LP (NYSE:NGL) saw an upside of 1.24% to close Monday at $2.44 after adding $0.03 on the day. The 5-day average trading volume is 841,200 shares of the company’s common stock. It has gained $2.55 in the past week. An average of 1,801,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,663,046.
NGL’s 1-month performance is 38.64% or $0.68 on its low of $1.70 reached on 09/14/21. The company’s shares have touched a 52-week low of $1.38 and high of $4.39, with the stock’s rally to the 52-week high happening on 01/21/21. YTD, NGL has achieved 1.67% or $0.04. However, the current price is down -44.42%% from the 52-week high price.
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NGL Energy Partners LP (NGL) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 31.28 and a low of 3.836. NGL stock has a beta of 2.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.05 while the price-to-book (PB) in the most recent quarter is 0.71.
NGL Energy Partners LP pays an annual dividend of $0.89 per share. Its dividend yield is 36.48%. NGL’s most recent quarterly dividend payment was made on Nov. 13, when it paid $0.10 a share compared with prior rate of $0.20, down -100.0% from last year’s. The company latest dividend decrease of $0.10 reported on Tuesday October 27 2020. Measured over the last 3 years, the Dividend has been growing by -42.95% yearly.
It is projected that NGL Energy Partners LP’s next ex-dividend date will be on 5-Nov-2021. NGL is expected to distribute $0.10 as its next dividend.
NGL Energy Partners LP’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.20 meaning that NGL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 7.51, while the total debt to equity was 7.52. In terms of profitability, the gross margin trailing 12 months is 12.40%. The trailing 12-month EBITDA margin is 9.09% while for the period ending June 29; NGL Energy Partners LP’s operating margin was -8.30%. The firm’s gross profit as reported stood at $733.2 million against revenue of $5.23 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NGL to announce -$0.26 per share in earnings in its latest quarter, but it posted -$1.23, representing a -373.10% surprise. EBITDA for the quarter stood at more than $18.65 million. NGL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.14 billion, with total debt at $3.52 billion. Shareholders hold equity totaling $129.59 million
Let’s look briefly at NGL Energy Partners LP (NGL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 74.33% to suggest the stock is trending Overbought, with historical volatility in this time period at 27.47%.
The stock’s 5-day moving average is $2.38, reflecting a +2.95% or $0.07 change from its current price. NGL is currently trading +39.43% above its 20-day SMA, +7.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +27.08% and -8.27% respectively.
Stochastic %K and %D was 67.25% and 63.60% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 70.73%, while the 14-day stochastic is at 72.40% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.05 on the 14-day charts.
In the most recent analyst report for NGL Energy Partners LP (NYSE: NGL), UBS upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for NGL stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate NGL as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is NGL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.75 and a high of $3.00, with their median price target at $2.63. Looking at these predictions, the average price target given by analysts is for NGL Energy Partners LP (NGL) stock is $2.50.