NGL ENERGY PARTNERS LP (NGL) has been under a strong bear grip, hence the stock is down -3.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.09% in the past 1 week. The stock has risen by 2.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 1.14%. NGL ENERGY PARTNERS LP (NYSE:NGL): stock turned positive on Friday. Though the stock opened at $18.52, the bulls momentum made the stock top out at $18.62 level for the day. The stock recorded a low of $18.2 and closed the trading day at $18.53, in the green by 0.22%. The total traded volume for the day was 556,377. The stock had closed at $18.49 in the previous days trading.
In the past twelve weeks, the net percent change held by company insiders has changed by -11.18% . Institutional Investors own 62.01% of NGL ENERGY PARTNERS LP shares. During last six month period, the net percent change held by insiders has seen a change of -8.01%. Also, Stifel Nicolaus maintains its view on NGL ENERGY PARTNERS LP (NYSE:NGL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus raises the price target from $18 per share to $20 per share on NGL ENERGY PARTNERS LP. The rating by the firm was issued on August 5, 2016.
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.