NTG Stock Summary and Trading Ideas (Tortoise MLP | NYSE:NTG)

Tortoise MLP Fund, Inc.’s (“NTG”) primary investment objective is to provide a high level of total return with an emphasis on current distributions paid to stockholders. The fund seeks to provide stockholders with an efficient vehicle to invest in a portfolio consisting primarily of energy infrastructure master limited partnerships (“MLPs”) and their affiliates, with an emphasis on natural gas infrastructure. Energy infrastructure MLPs own and operate a network of pipeline and energy-related logistical assets that transport, store, gather and process natural gas, natural gas liquids (“NGLs”), crude oil, refined petroleum products, and other resources or distribute, market, explore, develop or produce such commodities. Natural gas infrastructure MLPs are defined as companies engaged in such activities with over 50 percent of their revenue, cash flow or assets related to natural gas or NGL infrastructure assets.

Tortoise MLP trades on the NYSE stock market under the symbol NTG.

As of April 19, 2024, NTG stock price climbed to $38.08 with 4,329 million shares trading.

NTG has a market cap of $193.94 million. This is considered a Micro Cap stock.

In the last 3 years, NTG stock traded as high as $40.61 and as low as $25.78.

NTG has outperformed the market in the last year with a price return of +22.2% while the SPY ETF gained +21.2%. NTG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.7% and -2.3%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

NTG support price is $36.76 and resistance is $37.74 (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 NTG stock will trade within this expected range on the day.