Alert: Rating Downgrade (12/22/23)-NGL Energy Partners LP (NYSE: NGL).


Stock Rating Downgrade

In the last week the Value Trend Rating for NGL Energy Partners LP (NYSE: NGL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

NGL Energy Partners LP (NYSE: NGL) stock closed at $5.35 on 12/22/23 after a decline of -4.5%. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.8% during the last week.

Current PriceTarget Research Rating

NGL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

NGL Energy Partners has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. NGL Energy Partners has a poor Appreciation Score of 29 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.

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