NGL Energy Partners LP (NYSE:NGL) previous close was $2.49 while the outstanding shares total 128.99M. The firm has a beta of 2.93. NGL’s shares traded higher over the last trading session, gaining 3.61% on 03/10/21. The shares fell to a low of $2.48 before closing at $2.58. Intraday shares traded counted 2.41 million, which was 3.3% higher than its 30-day average trading volume of 2.49M. The stock’s Relative Strength Index (RSI) is 49.58, with weekly volatility at 8.25% and ATR at 0.17. The NGL stock’s 52-week price range has touched low of $1.15 and a $7.44 high.
Investors have identified the Oil & Gas Refining & Marketing company NGL Energy Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $342.06 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NGL Energy Partners LP (NGL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NGL, the company has in raw cash 9.22 million on their books with 2.15 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 915.69 million total, with 719.42 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -0.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NGL sounds very interesting.
Is the stock of NGL attractive?
In related news, Executive Vice President, Ciolek John bought 10,000 shares of the company’s stock in a transaction that recorded on Jun 05. The purchase was performed at an average price of 6.97, for a total value of 69,700. As the purchase deal closes, the Director, COLLINGSWORTH JAMES M now bought 25,000 shares of the company’s stock, valued at 75,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
0 out of 7 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on NGL Energy Partners LP. 2 analysts has assigned a Sell rating on the NGL stock. The 12-month mean consensus price target for the company’s shares has been set at $2.46.