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NGL Energy Partners LP (NGL) Analysis & Opinions from Experts

NGL Energy Partners LP (NYSE: NGL) is -1.26% lower on its value in year-to-date trading and has touched a low of $3.56 and a high of $6.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NGL stock was last observed hovering at around $5.47 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $5.50, the stock is -3.12% and -4.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.55% at the moment leaves the stock 9.20% off its SMA200. NGL registered 44.36% gain for a year compared to 6-month gain of 29.11%.

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The stock witnessed a -5.01% loss in the last 1 month and extending the period to 3 months gives it a -6.78%, and is -5.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.82% over the week and 3.31% over the month.

NGL Energy Partners LP (NGL) has around 607 employees, a market worth around $728.80M and $6.96B in sales. Fwd P/E is 7.14. Profit margin for the company is -4.07%. Distance from 52-week low is 54.49% and -11.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.17%).

The EPS is expected to grow by 122.20% this year.

NGL Energy Partners LP (NGL) Top Institutional Holders

The shares outstanding are 132.51M, and float is at 112.14M with Short Float at 3.27%.

NGL Energy Partners LP (NGL) Insider Activity

The most recent transaction is an insider purchase by COLLINGSWORTH JAMES M,the company’sDirector. SEC filings show that COLLINGSWORTH JAMES M bought 69,899 shares of the company’s common stock on Feb 14 ’24 at a price of $5.82 per share for a total of $0.41 million. Following the purchase, the insider now owns 0.63 million shares.

NGL Energy Partners LP disclosed in a document filed with the SEC on Feb 13 ’24 that COLLINGSWORTH JAMES M (Director) bought a total of 30,101 shares of the company’s common stock. The trade occurred on Feb 13 ’24 and was made at $5.81 per share for $0.17 million. Following the transaction, the insider now directly holds 0.56 million shares of the NGL stock.

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