With 0.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.27 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $5.11 whereas the lowest price it dropped to was $4.88. The 52-week range on NGL shows that it touched its highest point at $6.20 and its lowest point at $3.84 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NGL was up-trending over the past week, with a rise of 2.40%, but this was up by 12.56% over a month. Three-month performance surged to 6.24% while six-month performance rose 7.81%. The stock lost -5.37% in the past year, while it has gained 2.40% so far this year. A look at the trailing 12-month EPS for NGL yields -2.33 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.20. This implies an EPS growth rate of 114.77% for this year and 129.85% for next year.
Float and Shares Shorts:
At present, 132.01 million NGL shares are outstanding with a float of 112.45 million shares on hand for trading. On 2024-10-31, short shares totaled 2.55 million, which was 191.99999 higher than short shares on 1727654400. In addition to Mr. H. Michael Krimbill as the firm’s President, CEO, & Director of NGL Energy Holdings LLC, Mr. Bradley P. Cooper serves as its Executive VP, Compliance Officer & CFO of NGL Energy Holdings LLC.
Institutional Ownership:
Through their ownership of 0.44342 of NGL’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NGL reported revenue of $1352675000.0 and operating income of $79238000.0. The EBITDA in the recently reported quarter was $141686000.0 and diluted EPS was -$0.21.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NGL since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NGL analysts setting a high price target of 5.0 and a low target of 5.0, the average target price over the next 12 months is 5.0. Based on these targets, NGL could drop -2.15% to reach the target high and fall by -2.15% to reach the target low. Reaching the average price target will result in a decline of -2.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.60833 being high and $0.59167 being low. For NGL, this leads to a yearly average estimate of $0.6.
