NGL Energy Partners LP (NYSE:NGL)’s traded shares stood at 0.48 million during the last session, with the company’s beta value hitting 0.32. At the close of trading, the stock’s price was $3.21, to imply an increase of 3.55% or $0.11 in intraday trading. The NGL share’s 52-week high remains $6.15, putting it -91.59% down since that peak but still an impressive 12.77% since price per share fell to its 52-week low of $2.80. The company has a valuation of $423.76M, with an average of 0.9 million shares in intraday trading volume over the past 10 days and average of 514.58K shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for NGL Energy Partners LP (NGL), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 1 analyst(s) give NGL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
NGL Energy Partners LP (NYSE:NGL) trade information
After registering a 3.55% upside in the last session, NGL Energy Partners LP (NGL) has traded red over the past five days. The 5-day price performance for the stock is -15.08%, and -29.14% over 30 days. With these gigs, the year-to-date price performance is -35.67%. Short interest in NGL Energy Partners LP (NYSE:NGL) saw shorts transact 2.72 million shares and set a 5.79 days time to cover.
The extremes give us $2 and $2 for target low and target high price respectively. As such, NGL has been trading 37.69% off suggested target high and 37.69% from its likely low.
NGL Energy Partners LP (NGL) estimates and forecasts
The rating firms project that company’s revenue will shrink -23.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 1.07B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 1.01B.Earnings reports from the last fiscal year show that sales brought in 1.63B and 1.39B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -34.50% before dropping -27.06% in the following quarter.
NGL Dividends
NGL Energy Partners LP has its next earnings report out on 2025-Feb-09. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 17.44%.
NGL Energy Partners LP (NYSE:NGL)’s Major holders
NGL Energy Partners LP insiders hold 6.88% of total outstanding shares, with institutional holders owning 43.96% of the shares at 47.20% float percentage. In total, 43.96% institutions holds shares in the company, led by INVESCO LTD.. As of 2024-06-30, the company held over 19.56 million shares (or 14.7625% of shares), all amounting to roughly $98.98 million.
The next major institution holding the largest number of shares is MORGAN STANLEY with 11.58 million shares, or about 8.7419% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $58.62 million.
We also have AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. and AIM Investment Fd.s -Invesco SteelPath MLP Select 40 Fd. as the top two Mutual Funds with the largest holdings of the NGL Energy Partners LP (NGL) shares. Going by data provided on Nov 30, 2024 , AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. holds roughly 12.41 shares. This is just over 9.40% of the total shares, with a market valuation of $39.84 million. Data from the same date shows that the other fund manager holds a little less at 7.15, or 5.42% of the shares, all valued at about 22.95 million.
