Time to Buy Beat-Down NGL Energy Partners LP (NGL) Stock? Here is the INSIGHT

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For the readers interested in the stock health of NGL Energy Partners LP (NGL). It is currently valued at $3.91. When the transactions were called off in the previous session, Stock hit the highs of $4.0308, after setting-off with the price of $4.00. Company’s stock value dipped to $3.75 during the trading on the day. When the trading was stopped its value was $3.98.

Recently in News on August 31, 2020, NGL Energy Partners LP Announces Expansion and Extension of Acreage Dedication for Produced Water Transportation and Disposal in the Delaware Basin. NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership signed a long-term extension and expansion of an acreage dedication with an existing customer. The extension of this agreement is with a leading, investment grade independent producer customer operating in Lea and Eddy Counties, New Mexico within the Delaware Basin. The new agreement increases our acreage dedication by 22,000 acres, increasing the new total dedicated acres with this customer to approximately 122,000 acres, and extends the term through 2027. You can read further details here

NGL Energy Partners LP had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.08 on 01/17/20, with the lowest value was $1.15 for the same time period, recorded on 03/18/20.

NGL Energy Partners LP (NGL) full year performance was -69.43%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NGL Energy Partners LP shares are logging -74.02% during the 52-week period from high price, and 240.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.15 and $15.05.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1303527 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NGL Energy Partners LP (NGL) recorded performance in the market was -65.52%, having the revenues showcasing -43.66% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 512.48M, as it employees total of 1400 workers.

The Analysts eye on NGL Energy Partners LP (NGL)

During the last month, 0 analysts gave the NGL Energy Partners LP a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.70, with a change in the price was noted +0.51. In a similar fashion, NGL Energy Partners LP posted a movement of +15.00% for the period of last 100 days, recording 1,533,209 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NGL is recording 2.56 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.56.

Technical rundown of NGL Energy Partners LP (NGL)

Raw Stochastic average of NGL Energy Partners LP in the period of last 50 days is set at 29.87%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 13.01%. In the last 20 days, the company’s Stochastic %K was 10.35% and its Stochastic %D was recorded 16.88%.

Considering, the past performance of NGL Energy Partners LP, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -65.52%. Additionally, trading for the stock in the period of the last six months notably improved by 15.00%, alongside a downfall of -69.43% for the period of the last 12 months. The shares increased approximately by -10.93% in the 7-day charts and went up by -16.99% in the period of the last 30 days. Common stock shares were lifted by -43.66% during last recorded quarter.