The Latest Correction Seems To Be Justified? NGL Energy Partners LP (NGL)

COLLINGSWORTH JAMES M, Director, added 50,000 shares of NGL Energy Partners LP (NGL) to its portfolio at the rate of $10.11 per share valuing $505,530 on Nov 20. The insider has now 163,500 shares of the company to its portfolio. Currently, the 1st Resistance Point for this stock is $9.77, with a 2nd Resistance Point sitting at $9.89. Meanwhile, this company’s stock has a 1st Support Level at $9.52 and a 2nd Support Level at $9.39. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of NGL Energy Partners LP (NGL) was $9.65. NGL Energy Partners LP (NGL) stock has lost -$0.90, or -4.08%, in the past five days. In the last full month, these shares have lost -$1.57, or -13.99%. In the past three months, this stock’s price has fallen by -$3.66, or -27.50%. This year-to-date, NGL Energy Partners LP (NGL) shares have gained $0.06, or 0.63%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For NGL Energy Partners LP (NGL) stock, 100% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Sell .”

With 128,040 K shares outstanding, this company currently has a market capitalization of $1,241,988K. NGL Energy Partners LP (NGL) generates $24,017 M in annual sales, amounting to annual net income of $360,050 K. This stock has generated a 1-Year Total Return of 0.52%, a 3-Year Total Return of -47.99%, and a 5-year Total Return of -59.48%. This stock’s 5-Year Dividend Growth is -22.39%, with its most recent dividend valued at $0.390 per share on 11/06/19. Its Annual Dividend Yield is 16.08%, and its Annual Dividend Rate is 1.56.

In the most recently-reported fiscal quarter, which ended in 09/19, NGL Energy Partners LP (NGL) reported earnings of $0.93 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.25 per share, representing a 0.68 difference and 272.00% surprise. In the previous quarter ending in 06/19, the reported earnings of -$0.96 represented a -0.89 difference from the consensus estimate calling for -$0.07 per share, which was a -1,271.43% surprise.

For the current fiscal quarter, which is set to end in 12/2019, the average earnings estimate is $0.13 per share. This estimate came from a total of 2 Wall Street Analysts. Of those market experts, the high estimate was $0.13 and the low estimate was $0.12. In the year-ago quarter, NGL Energy Partners LP (NGL) generated per-share earnings of $0.64. If the analysts are correct about the current quarter’s earnings, the growth will be -79.69%.

Turning our focus now to insider trading activity, there have been 6 purchases (162,000 shares in total) and 3 sale (10,489 shares in total) in the last 3 months. In the last 6 months, there have been 17 insider buys amounting to 377,780 shares and 8 insider sales amounting to 88,718 shares. In the past full year, 18 insider purchases were made (involving 381,780 shares) and 11 insider sell-offs equivalent to 100,161 shares.

Moving onto liquidity, NGL Energy Partners LP (NGL) has a Current Ratio of 1.45, a Quick Ratio of 1.08 and a Cash Ratio of 0.01. Looking at this company’s capital structure, its Total Debt to Total Equity is 89.31, its Total Debt to Total Capital is 47.18, and its Total Debt to Total Assets is now 36.61. Looking even further ahead into the future, its Long-Term Debt to Equity is 0.86 and its Long-Term Debt to Total Capital is 104.51.