NGL Stock Summary and Trading Ideas (NGL Energy Partners LP Common Units Representing Limited Partner Interests | NYSE:NGL)

NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.

NGL Energy Partners LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol NGL.

As of April 19, 2024, NGL stock price climbed to $5.75 with 335,144 million shares trading.

NGL has a beta of 0.82, meaning it tends to be less sensitive to market movements. NGL has a correlation of 0.07 to the broad based SPY ETF.

NGL has a market cap of $761.95 million. This is considered a Small Cap stock.

Last quarter NGL Energy Partners LP Common Units Representing Limited Partner Interests reported $2 billion in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-180 million and exceeded earnings estimates by $.05.

In the last 3 years, NGL stock traded as high as $6.20 and as low as $1.00.

The top ETF exchange traded funds that NGL belongs to (by Net Assets): KRUZ, EINC, GPOW.

NGL has outperformed the market in the last year with a price return of +97.6% while the SPY ETF gained +21.2%. NGL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.7% and 0.0%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

NGL support price is $5.61 and resistance is $5.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NGL stock will trade within this expected range on the day.