NGL ENERGY PARTNERS LP (NYSE:NGL) has climbed 2.78% in the past week and advanced 37.93% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.02% and the outperformance has advanced to 36.67% for the last 4 weeks period.
NGL ENERGY PARTNERS LP (NYSE:NGL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.95 and $18.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.20, notching a gain of 4.35% for the day. The total traded volume was 9,882,016 . The stock had closed at $18.40 on the previous day.
The company shares have dropped -41.75% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $33.60 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.02 and the 200 Day Moving Average price is recorded at $10.94.
On the companys insider trading activities, Krimbill H Michael, CEO of Ngl Energy Partners Lp, executed a transaction worth $666,000 on March 15, 2016. A total of 100,000 shares were purchased at an average price of $6.66. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Wunderlich upgrades its rating on NGL ENERGY PARTNERS LP (NYSE:NGL). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at Wunderlich raises the price target from $13 per share to $20 per share. The rating by the firm was issued on June 13, 2016. Institutional Investors own 53.03% of NGL ENERGY PARTNERS LP shares. During last six month period, the net percent change held by insiders has seen a change of 33.78%.
NGL Energy Partners LP is a limited partnership company that is a vertically-integrated service provider. The Company operates through the following segments: Crude oil logistics, which purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries and other trade hubs; the water solutions segment, which includes water treatment and disposal facilities; the liquids segment, which purchases propane, butane and other products from refiners, processing plants, producers and other parties, and sells the products to retailers, refiners, petrochemical plants and other participants in the wholesale markets; the retail propane segment, which is engaged in the retail marketing, sale and distribution of propane and distillates; the refined products and renewables segment, which conducts gasoline, diesel, ethanol and biodiesel marketing operations, and corporate and other.