Today's Pre-Market Mover With Heavy Volume: NGL Energy Partners (NGL)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified NGL Energy Partners as such a stock due to the following factors:
- NGL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.0 million.
- NGL traded 213,450 shares today in the pre-market hours as of 8:54 AM, representing 58.6% of its average daily volume.
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More details on NGL:
NGL Energy Partners LP, through its subsidiaries, is primarily engaged in the crude oil logistics, water solutions, liquids, and retail propane businesses in the United States. It operates through Crude Oil Logistics, Water Solutions, Liquids, and Retail Propane segments. The stock currently has a dividend yield of 8.4%. Currently there are 6 analysts that rate NGL Energy Partners a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for NGL Energy Partners has been 489,800 shares per day over the past 30 days. NGL Energy has a market cap of $2.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.02 and a short float of 2.9% with 3.75 days to cover. Shares are up 5.1% year-to-date as of the close of trading on Wednesday.
Analysis:
rates NGL Energy Partners as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk.
Highlights from the ratings report include:
- NGL's very impressive revenue growth greatly exceeded the industry average of 18.7%. Since the same quarter one year prior, revenues leaped by 65.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has increased to $143.48 million or 26.39% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -12.58%.
- The share price of NGL ENERGY PARTNERS LP has not done very well: it is down 19.34% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, NGL ENERGY PARTNERS LP's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for NGL ENERGY PARTNERS LP is currently extremely low, coming in at 5.32%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -0.23% trails that of the industry average.
- You can view the full NGL Energy Partners Ratings Report.
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