NGL Energy Partners LP (NYSE: NGL) is -2.00% lower on its value in year-to-date trading and has touched a low of $3.84 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 $4.51 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $4.89, the stock is -7.02% and -3.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 8.43% at the moment leaves the stock 1.41% off its SMA200. NGL registered -15.69% loss for a year compared to 6-month gain of 17.27%. The firm has a 50-day simple moving average (SMA 50) of $5.0414 and a 200-day simple moving average (SMA200) of $4.82185.
The stock witnessed a -9.28% loss in the last 1 month and extending the period to 3 months gives it a 18.40%, and is -11.41% 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 9.37% over the week and 5.22% over the month.
NGL Energy Partners LP (NGL) has around 607 employees, a market worth around $645.53M and $5.92B in sales. Fwd P/E is 9.78. Profit margin for the company is -5.66%. Distance from 52-week low is 27.34% and -21.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.56%).
with sales reaching $1.07B over the same period.The EPS is expected to grow by 106.31% this year, but quarterly earnings will post -18.34% year-over-year. Quarterly sales are estimated to shrink -34.50% in year-over-year returns.
NGL Energy Partners LP (NGL) Top Institutional Holders
95.0 institutions hold shares in NGL Energy Partners LP (NGL), with institutional investors hold 47.56% of the company’s shares. The shares outstanding are 132.01M, and float is at 111.92M with Short Float at 2.30%. Institutions hold 44.30% of the Float.
The top institutional shareholder in the company is INVESCO LTD. with over 19.56 million shares valued at $98.98 million. The investor’s holdings represent 14.7625% of the NGL Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 11.58 million shares valued at $58.62 million to account for 8.7419 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 4.87 million shares representing 3.6776% and valued at over $24.66 million, while JPMORGAN CHASE & CO holds 3.6634 of the shares totaling 4.85 million with a market value of $24.56 million.
NGL Energy Partners LP (NGL) Insider Activity
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