Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate NGL Energy Partners LP before investing.

In this article, we go over a few key elements for understanding NGL Energy Partners LP’s stock price such as:

• NGL Energy Partners LP’s current stock price and volume
• Why NGL Energy Partners LP’s stock price changed recently
• Upgrades and downgrades for NGL from analysts
• NGL’s stock price momentum as measured by its relative strength

About NGL Energy Partners LP (NGL)

Before we jump into NGL Energy Partners LP’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

NGL Energy Partners LP is a diversified midstream energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. The Company's Water Solutions segment transports, treats, recycles, and disposes of produced and flowback water generated from crude oil and natural gas production. Its Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs, and provides storage, terminaling, and transportation services through its owned assets. Its Liquids Logistics segment conducts supply operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail, and industrial customers.

Want to learn more about NGL Energy Partners LP’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about NGL Energy Partners LP.

NGL Energy Partners LP’s Stock Price as of Market Close

As of January 26, 2024, 4:00 PM, CST, NGL Energy Partners LP’s stock price was $5.77.

NGL Energy Partners LP is up 5.1% from its previous closing price of $5.49.

During the last market session, NGL Energy Partners LP’s stock traded between $5.25 and $5.50. Currently, there are 131.93 million shares of NGL Energy Partners LP stock available for purchase.

Unfortunately, NGL Energy Partners LP’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

NGL Energy Partners LP Stock Price History

NGL Energy Partners LP’s (NGL) price is currently up 3.59% so far this month.

During the month of January, NGL Energy Partners LP’s stock price has reached a high of $5.80 and a low of $4.89.

Over the last year, NGL Energy Partners LP has hit prices as high as $5.69 and as low as $1.57. Year to date, NGL Energy Partners LP’s stock is up 376.86%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused NGL Energy Partners LP Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 25, 2024, there was 1 analyst who downgraded NGL Energy Partners LP’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate NGL Energy Partners LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on NGL Energy Partners LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

NGL Energy Partners LP’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about NGL Energy Partners LP (NGL) by visiting AAII Stock Evaluator.

Relative Price Strength of NGL Energy Partners LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 25, 2024, NGL Energy Partners LP has a weighted four-quarter relative price strength of 26.94%, which translates to a Momentum Score of 95 and is considered to be Very Strong.

Want to learn more about how NGL Energy Partners LP is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

NGL Energy Partners LP Stock Price: Bottom Line

As of January 26, 2024, NGL Energy Partners LP’s stock price is $5.77, which is up 5.1% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like NGL Energy Partners LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.