What Does Analysts Really Think About NGL Energy Partners LP (NGL)?

Investors will get their next glimpse of NGL’s Q4 earnings on May 27. Analysts are forecasting revenue to climb 27.8 percent to $5.7B in the next fiscal quarter, while earnings are seen soaring by nearly -71.88 percent to $0.09 per share. History has shown that shares in NGL Energy Partners LP have gone down on 20 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. In last reported earnings results, it earned $2.7 per share, better than the -$0.1, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $6.38B, better than the $5.7B analysts expected. Earnings are estimated to increase by -213.5 percent this year, -4.67 percent next year and continue to increase by 3 percent annually for the next 5 years.

NGL Energy Partners LP (NGL) will probably climb 5.85 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $16 price as 12-month high target. This represents a whopping 23.17 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $14, which represents a return potential of 7.78 percent when compared to the closing price of the stock of $12.99 on Wednesday, February 13. The lowest price target for the stock is $9 — slightly more than -30.72 percent from NGL’s current share price.

The stock is currently hovering around the first support level of $12.31. Below this, the next support is placed in the zone of $11.64. Till the time, the NGL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 70.97 on daily chart, which may remain a cause for concern. If the price breaks below $11.64 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $13.35 mark may result into a pull-back move towards $13.72 level.

On 13th of February, NGL Energy Partners LP (NYSE:NGL) shares ended higher after a volatile session. The shares accumulated 1.01 points or 8.43 percent at $12.99 with a heavy trade volume of 2.453 million shares. After opening the session at $12, the shares went as high as $13.04 and as low as $12, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.62 billion and now has 124.77 million shares outstanding. NGL Energy Partners LP (NGL) stock has gained 24.07 percent of market value in 21 trading days.

NGL stock has a trailing 3-year beta of 1.2, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.07 a share in the trailing twelve months. The stock’s value has surged 35.45 percent year to date (YTD) against a rise of 0.31 percent in 12 month’s time. The company’s shares still trade -4.84 percent away from its 1-year high of $13.65 and 49.14 percent up from 52-week low of $8.71. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of NGL Energy Partners LP (NGL) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NGL operates in has an average P/E of 22.46. Its P/E ratio went as low as 23.7X and as high as 76.04 over the 5-year span. Further, it is sporting a 0.07 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.87. 3.4 percent is the gross profit margin for NGL Energy Partners LP and operating margin sits at 0.6 percent. Along with this, the net profit margin is 1.2 percent.

Let’s take a look at some insider activity at NGL Energy Partners LP (NYSE:NGL) and see the pattern. The earliest insider trade took place on 11/27/2018. Krimbill H Michael gathered a total of 30 thousand shares of company at average share price of $9.59. The total for the purchase was set at $287.7 thousand. After this transaction, the CEO account balance stood at 1.49 million shares. The stock grew 35.45 percent since that insider purchase. On 09/14/2018, Raymond John T, Director, purchased 50 thousand shares at a price per share of $11.04. This added 552 thousand shares to the insider’s fortune and the stock saw a 17.66 percent rally in value since the news became public. This transaction left 226.63 thousand shares in the Director account.

On 08/31/2018, CEO Krimbill H Michael performed a purchase transaction worth $233 thousand. This purchase at $11.65 each has added 20 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 11.5 percent increase since the transaction was reported. The insider now is left with 1.19 million shares remaining in the account. Highstar Capital Iv, L.P., who performs the Director job, sold 133.46 thousand shares for $1.71 million. The disposal occurred on 06/26/2018 was priced at $12.81 per share. The share price soared 1.41 percent since the reporting date. Highstar Capital Iv, L.P. now left with a stake of 0 thousand NGL stock worth $0 thousand after the insider selling.