NGL Energy Partners LP’s recent filing unveils that its Director COLLINGSWORTH JAMES M acquired Company’s shares for reported $0.41 million on Feb 14 ’24. In the deal valued at $5.82 per share,69,899 shares were bought. As a result of this transaction, COLLINGSWORTH JAMES M now holds 629,500 shares worth roughly $3.71 million.
Then, COLLINGSWORTH JAMES M bought 30,101 shares, generating $174,824 in total proceeds. Upon buying the shares at $5.81, the Director now owns 559,601 shares.
UBS upgraded its NGL Energy Partners LP [NGL] rating to a Neutral from a a Sell in a research note published on February 18, 2021; the price target was increased to $3 from $2. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid October from “a Neutral” to “a Sell”. Wells Fargo also remained covering NGL and has decreased its forecast on July 22, 2020 with a “an Underweight” recommendation from previously “an Equal weight” rating. Credit Suisse revised its rating on April 02, 2020. It rated NGL as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of NGL
On Tuesday, NGL Energy Partners LP [NYSE:NGL] saw its stock fall -1.50% to $5.90. Over the last five days, the stock has gained 2.08%. NGL Energy Partners LP shares have risen nearly 5.92% since the year began. Nevertheless, the stocks have risen 90.94% over the past one year. While a 52-week high of $6.20 was reached on 03/15/24, a 52-week low of $2.63 was recorded on 01/17/24. SMA at 50 days reached $5.85, while 200 days put it at $4.66. A total of 0.27 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For NGL Stock
The 24-hour chart illustrates a support level at 5.85, which if violated will result in even more drops to 5.80. On the upside, there is a resistance level at 5.97. A further resistance level may holdings at 6.04. The Relative Strength Index (RSI) on the 14-day chart is 54.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.06%. Stochastics %K at 61.76% indicates the stock is a holding.
How much short interest is there in NGL Energy Partners LP?
A steep rise in short interest was recorded in NGL Energy Partners LP stocks on Mar 15, 2024, growing by 0.21 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.24 million shares. There was a rise of 6.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.39.
