NGL Energy Partners LP (NYSE: NGL) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
NGL Energy Partners LP (NYSE: NGL). Small negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NGL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
NGL Energy Partners has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. NGL Energy Partners has a poor Appreciation Score of 19 but a very high Power Rating of 87, triggering the Neutral Value Trend Rating.
Recent Price Action
On 6/13/24, NGL Energy Partners LP (NYSE: NGL) stock suffered a large decline of -7.6%, closing at $4.95. Moreover, trading volume in this decline was exceptionally high at 697% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -15.8% during the last week.
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