NGL Energy Partners LP (NYSE:NGL) saw an upside of 5.88% to $4.41 after adding $0.24 on Monday. The 5-day average trading volume is 385,201 shares of the company’s common stock. It has gained $4.49 in the past week and touched a new high 2 times within the past 5 days. An average of 383,765 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 605,622.
NGL’s 1-month performance is 10.93% or $0.43 on its low of $3.76 reached on 07/20/23. The company’s shares have touched a 52-week low of $1.00 and high of $4.62, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, NGL has achieved 264.88% or $3.20 and has reached a new high 26 times. However, the current price is down -4.44% from the 52-week high price.
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Valuation Metrics
NGL stock has a beta of 1.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07 while the price-to-book (PB) in the most recent quarter is 1.28, with the price to cash flow ratio at 1.69.
NGL Energy Partners LP’s quick ratio for the recent period was 1.00, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 12.00%. The firm’s gross profit as reported stood at $1.04 billion against revenue of $8.69 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 273.89% to $26.01 million, while revenue of -$26.9 million was 203.42% off the previous quarter. EBITDA for the quarter stood at more than $104.31 million. NGL stock balance sheet for the recent quarter shows that total liabilities totaled 4.69 billion, with total debt at $2.95 billion. Shareholders hold equity totaling $132.06 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 04 August was 71.92% to suggest the stock is trending Overbought, with historical volatility in this time period at 42.70%.
The stock’s 5-day moving average is $4.21, reflecting a +2.46% or $0.11 change from its current price. NGL is currently trading +13.26% above its 20-day SMA, +31.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.76% and SMA200 by+261.13%.
Stochastic %K and %D was 53.98% and 47.92% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 68.02%, while the 14-day stochastic is at 75.24% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.06 and 0.17 on the 14-day charts.
Analyst Ratings
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 Hold. Currently, 0 brokerage advisors rate NGL as a “sell,”, while 2 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 $4.00 and a high of $4.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for NGL Energy Partners LP (NGL) stock is $4.00.
