NGL Energy Partners LP (NGL) is 31.60% away from 50-day simple Moving Average despite all headwinds

NGL Energy Partners LP (NYSE: NGL) on January 24, 2023, started off the session at the price of $1.625, soaring 2.47% from the previous trading day. During the day, the shares moved up to $1.72 and dropped to $1.62 before settling in for the closing price of $1.62. Within the past 52 weeks, NGL’s price has moved between $1.00 and $2.80.

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Annual sales at Energy sector company slipped by -9.00% over the past five years. The company achieved an average annual earnings per share of 60.80%. With a float of $122.20 million, this company’s outstanding shares have now reached $130.70 million.

Let’s look at the performance matrix of the company that is accounted for 842 employees. In terms of profitability, gross margin is +9.66, operating margin of +5.27, and the pretax margin is -2.30.

NGL Energy Partners LP (NGL) Insider and Institutional Ownership

Observing investor behavior towards Oil & Gas Refining & Marketing industry stocks is more important than anything else. The insider ownership of NGL Energy Partners LP is 3.10%, while institutional ownership is 26.10%. The most recent insider transaction that took place on Dec 15, was worth 53,700. In this transaction Chief Executive Officer of this company bought 50,000 shares at a rate of $1.07, taking the stock ownership to the 2,938,615 shares. Before that another transaction happened on Dec 14, when Company’s Director bought 25,000 for $1.08, making the entire transaction worth $26,940. This insider now owns 101,000 shares in total.

NGL Energy Partners LP (NGL) Latest Financial update

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.04 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.06) by -$0.1. This company achieved a net margin of -2.32 while generating a return on equity of -13.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 60.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.00% during the next five years compared to -43.90% drop over the previous five years of trading.

NGL Energy Partners LP (NYSE: NGL) Trading Performance Indicators

NGL Energy Partners LP (NGL) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.02. Likewise, its price to free cash flow for the trailing twelve months is 8.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.26 in one year’s time.

Technical Analysis of NGL Energy Partners LP (NGL)

NGL Energy Partners LP (NYSE: NGL) saw its 5-day average volume 0.65 million, a positive change from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 82.74%. Additionally, its Average True Range was 0.10.

During the past 100 days, NGL Energy Partners LP’s (NGL) raw stochastic average was set at 91.67%, which indicates a significant increase from 88.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.65% in the past 14 days, which was higher than the 67.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2648, while its 200-day Moving Average is $1.5527. Nevertheless, the first resistance level for the watch stands at $1.7133 in the near term. At $1.7667, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8133. If the price goes on to break the first support level at $1.6133, it is likely to go to the next support level at $1.5667. The third support level lies at $1.5133 if the price breaches the second support level.

NGL Energy Partners LP (NYSE: NGL) Key Stats

Market capitalization of the company is 205.79 million based on 130,696K outstanding shares. Right now, sales total 7,948 M and income totals -184,760 K. The company made 2,009 M in profit during its latest quarter, and 3,510 K in sales during its previous quarter.


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