NGL - NGL ENRG PRTN UT （）

The MLP is slowly shoring up its financial profile.

NGL Energy Partners, a midstream MLP, said it was selling its towboats and tank barges for about $111 million.

NGL Energy Partners (NGL) said Monday it agreed to sell all of its marine assets for $111.65M in cash in two transactions, but the company provided no further specifics

https://www.investing.com/news/pro/ngl-energy-partners-to-sell-marine-assets-for-11165m-432SI-3022726

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Signs Agreements to Sell Marine Assets for $111.65MM

The much troubled NGL Energy is battling to deleverage, so they can reinstate their preferred distributions. See why I''m not too optimistic on NGL stock.

In the last trading session, 1.04 million shares of the NGL Energy Partners LP (NYSE:NGL) were traded, and its beta was 1.98. Most recently the company’s share price was $1.28, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $167.26M. NGL currently trades at … NGL Energy Partners LP (NYSE: NGL): A Business Review And Growth Forecast Read More »

A share of NGL Energy Partners LP (NYSE:NGL) closed at $1.49 per share on Wednesday, down from $1.55 day before. While NGL Energy Partners LP has underperformed by -3.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NGL fell by -39.68%, with highs and lows ranging […]

NGL Energy Partners LP (NYSE:NYSE:NGL) Q2 2023 Results Conference Call November 09, 2022 05:00 PM ET Company Participants Linda Bridges - CFO Mike Krimbill - CEO Conference Call…

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Second Quarter Fiscal 2023 Financial Results

On our last coverage, we gave NGL Energy common and preferred shares a Strong Sell. Click here to read more about our updated trade.

NGL ENERGY PARTNERS LP found using ticker (NGL) have now 2 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 3 and 2 and has a mean target at 2.5. Now with the previous closing price of 1.45 this would indicate that there is a potential upside of 72.4%. There is a 50 day moving average of 1.56 and the 200 day moving average is 1.93. The company has a market cap of $190m. Visit the company website at: https://www.nglenergypartners.com [stock_market_widget type="chart" template="basic" color="green" assets="NGL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $327m based on the market concensus. NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.

The share price of NGL Energy Partners LP (NYSE:NGL) fell to $1.49 per share on Wednesday from $1.53. While NGL Energy Partners LP has underperformed by -2.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NGL fell by -14.37%, with highs and lows ranging from $2.91 […]

The following slide deck was published by NGL Energy Partners LP in conjunction with this event.

NGL ENERGY PARTNERS LP with ticker code (NGL) have now 2 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 3 and 2 with the average target price sitting at 2.5. Now with the previous closing price of 1.5 this would indicate that there is a potential upside of 66.7%. The 50 day moving average now sits at 1.55 while the 200 day moving average is 1.96. The company has a market cap of $200m. You can visit the company''s website by visiting: https://www.nglenergypartners.com [stock_market_widget type="chart" template="basic" color="green" assets="NGL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $333m based on the market concensus. NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics.