NGL ENERGY PARTNERS LP stock performance trend indicates that the stock price has rallied 8.92% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 19.96% . Looking at the past 52 week period, the stock price is up at 172.29% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of NGL ENERGY PARTNERS LP has a positive value of 91.32 compared to overall market.NGL Energy Partners LP is having a Relative Strength Index of 50.43 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of NGL ENERGY PARTNERS LP (NYSE:NGL) rallied by 3.91% during the past week but lost 2.59% on a 4-week basis. The company has outperformed the S&P 500 by 3.66% in the past week but underperformed the index by 3.7% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. NGL ENERGY PARTNERS LP (NYSE:NGL) : On Friday heightened volatility was witnessed in NGL ENERGY PARTNERS LP (NYSE:NGL) which led to swings in the share price. The stock opened for trading at $22.15 and hit $22.8 on the upside , eventually ending the session at $22.6, with a gain of 2.03% or 0.45 points. The heightened volatility saw the trading volume jump to 1,331,887 shares. The 52-week high of the share price is $25.8 and the company has a market cap of $2,490 million. The 52-week low of the share price is at $7 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.NGL Energy Partners LP was Reiterated by FBR & Co. on Feb 15, 2017 to Outperform, Lowers Price Target to $ 28 from a previous price target of $29 .NGL Energy Partners LP was Downgraded by Stifel on Feb 8, 2017 to Hold, Lowers Price Target to $ 21 from a previous price target of $22 .Company shares were Upgraded by FBR & Co. on Jan 20, 2017 to Outperform, Raises Price Target to $ 29 from a previous price target of $21 .NGL Energy Partners LP was Upgraded by Raymond James to Outperform on Jan 12, 2017. Company shares were Reiterated by Stifel on Dec 21, 2016 to Buy, Raises Price Target to $ 22 from a previous price target of $19 .
Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Lawrence J. Thuillier (Chief Accounting Officer) sold 2,493 shares at 18.88 per share price.On Nov 16, 2016, James M Collingsworth (director) purchased 20,000 shares at 17.52 per share price.On Nov 16, 2016, H Michael Krimbill (CEO) purchased 30,000 shares at 18.13 per share price.
NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma.