Shares of NGL Energy Partners LP (NYSE:NGL) recorded -0.09% loss during trading session on February 7th, 2019. The script traded as low as $10.47 and last traded at $10.96. 2.44 million shares changed exchanged hands during trading, a drop of -104.76% from the 30-day average session volume of 1.19M shares. The firm had previously closed at $10.97. The company has $119.26M outstanding shares, price-to-earnings-growth ratio of 0.06 and a beta of 1.11. The company has a RSI of 48.37, ATR of 0.43 and a volatility of 3.30% this week. NGL has a 52 week low price of $8.71 and a 52 week high price of $15.90.
Investors have identified the tech company NGL Energy Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 1.31B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NGL Energy Partners LP (NGL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NGL, the company has in raw cash 36.37 million on their books with 1.09 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 2.1 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
NGL were able to record 281.4 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 14.28 million. In cash movements, the company had a total of 87.88 million as operating cash flow.
Potential earnings growth for NGL Energy Partners LP (NGL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, NGL Energy Partners LP recorded a total of 6.65 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.42% coming in sequential stages and their sales for the third quarter increasing by 0.12%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.51 billion trying to sell their products during the last quarter, with the result yielding a gross income of 145.11 million. This allows shareholders to hold on to 119.26M with the revenue now reading 355505000 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.21 cents a share).
Is the stock of NGL attractive?
Having a look at the company’s valuation, the company is expected to record 0.29 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NGL sounds very interesting.
In related news, Chief Executive Officer KRIMBILL H MICHAEL bought 30,000 shares of the company’s stock in a transaction that recorded on November 27th, 2019. The purchase was performed at an average price of 9.59, for a total value of 287,664. As the purchase deal closes, the Director KRIMBILL H MICHAEL now bought 50,000 shares of the company’s stock, valued at 551,920. Also, Chief Executive Officer KRIMBILL H MICHAEL bought 13,000 shares of the company’s stock in a deal that was recorded on August 31st, 2019. The shares were bought at an average cost of 11.51 per share, with a total market value of 253,000. Following this completion of disposal, the Chief Executive Officer now holds 7,000 shares of the company’s stock, valued at 83,265. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
3 out of 8 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on NGL Energy Partners LP stock. 0 analysts has assigned a Sell rating on the NGL stock. The 12-month mean consensus price target for the company’s shares has been set at $13.75.