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NGL Energy Partners LP (NGL) market price of $3.00 offers the impression of an exciting value play

At the end of the latest market close, NGL Energy Partners LP (NGL) was valued at $3.35. In that particular session, Stock kicked-off at the price of $3.13 while reaching the peak value of $3.20 and lowest value recorded on the day was $2.90. The stock current value is $3.00.Recently in News on March 6, 2023, NGL Energy Partners LP Signs Agreements to Sell Marine Assets for $111.65MM. NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) announced the signing of two definitive agreements to sell all of its marine assets for $111.65 million in cash in the aggregate. NGL provided waterborne transportation of refined products and crude oil for a diversified group of customers which include major oil refineries on the Gulf Coast with these assets. NGL’s marine fleet consists of 13 towboats and 25 tank barges. The transaction is expected to close at the end of this month, subject to customary closing conditions. You can read further details here

NGL Energy Partners LP had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.03 on 03/07/23, with the lowest value was $1.00 for the same time period, recorded on 12/15/22.

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NGL Energy Partners LP (NGL) full year performance was 38.89%

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 -25.56% during the 52-week period from high price, and 200.00% 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 $1.00 and $4.03.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1189105 for the day, which was evidently higher, 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 147.93%, having the revenues showcasing 165.49% 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 424.89M, as it employees total of 842 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 1.75, with a change in the price was noted +1.76. In a similar fashion, NGL Energy Partners LP posted a movement of +141.94% for the period of last 100 days, recording 884,708 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 6.61 at the time of this writing. In addition, long term Debt to Equity ratio is set at 5.99.

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 64.36%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 41.14%. In the last 20 days, the company’s Stochastic %K was 54.75% and its Stochastic %D was recorded 64.49%.

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 pessimistic, given the fact the metric is recording 147.93%. Additionally, trading for the stock in the period of the last six months notably improved by 96.08%, alongside a boost of 38.89% for the period of the last 12 months. The shares increased approximately by -20.42% in the 7-day charts and went down by 11.94% in the period of the last 30 days. Common stock shares were driven by 165.49% during last recorded quarter.

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