Is It Worthwhile For Investors To Follow These Insider Trades On NGL Energy Partners LP (NGL)?

NGL Energy Partners LP (NYSE:NGL) finished Wednesday with an addition of $0.08 to close at $2.57, an upside of 3.21 percent. An average of 840,780 shares of common stock have been traded in the last five days. There was a gain of $0.23 in the past week. The last 20 days have seen an average of 1,631,835 shares traded, while the 50-day average volume stands at 1,647,572.

NGL stock has increased by 47.70% in the last month. The company shares reached their 1-month lowest point of $1.70 on 09/14/21. With the stock rallying to its 52-week high on 01/21/21, shares of the company touched a low of $1.38 and a high of $4.39 in 52 weeks. In spite of this, the price is down -41.46% from the 52-week high.


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Valuation Metrics

NGL Energy Partners LP (NGL) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, NGL Energy Partners LP’s PE ratio has ranged between 31.28 and 3.836. The stock’s beta is 2.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.06, the price-to-book (PB) ratio at 0.74.

NGL Energy Partners LP pays a $0.89 dividend per share annually. It offers a dividend yield of 34.63%. The company’s most recent quarterly dividend payment took place on Nov. 13, and it was $0.10 a share, representing a down of -100.0 from $0.20 last year. Its latest decrease dividend $0.10 reported on Tuesday October 27 2020. Dividends have grown by -42.95% each year over the last three years.

NGL Energy Partners LP will next go ex-dividend on 5-Nov-2021. The next dividend payment NGL Energy Partners LP will make is expected to be $0.10.

The quick ratio of NGL Energy Partners LP for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 7.51 and a total debt to equity ratio of 7.52 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 12.40% against a 5-year average of 6.5%. NGL Energy Partners LP’s EBITDA margin for the year ending June 29 is 9.09%, while its operating margin for the same period stands at -8.30%. Its gross profit as reported stood at $733.2 million compared to revenue of $5.23 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NGL Energy Partners LP’s return on assets was -13.90%, compared to -3.5% over the last five years. In the past year, the return on investment has been -10.50%, and the 5-year average is -1.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been -107.70% and the 5-year average holds at -11.1%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated NGL Energy Partners LP’s latest quarter earnings to come in at -$0.26 per share, but it turned out to be -$1.23, a -373.10% surprise. For the quarter, EBITDA amounted to $18.65 million. Shareholders own equity worth $129.59 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NGL Energy Partners LP (NGL) price momentum. RSI 9-day as of the close on 13 October was 81.80%, suggesting the stock is Overbought, with historical volatility in this time frame at 21.16%.

As of today, NGL’s price is $2.45 +9.83% or $0.23 from its 5-day moving average. NGL is currently trading +31.12% higher than its 20-day SMA and +10.30% higher than its 100-day SMA. However, the stock’s current price level is +39.67% above the SMA50 and -0.77% below the SMA200.

The stochastic %K and %D were 82.46% and 74.48%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 94.79% and the average true range at 0.13, the RSI (14) stands at 75.92%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.

Analyst Ratings

UBS upgraded NGL Energy Partners LP (NYSE: NGL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Sell.The consensus rating for NGL Energy Partners LP (NGL) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell NGL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is NGL’s price target for the next 12 months?

Analysts predict a range of price targets between $1.75 and $3.00, with a median target of $2.63. Taking a look at these predictions, the average price target given by analysts for NGL Energy Partners LP (NGL) stock is $2.50.

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