NGL Energy Partners LP (NYSE:NGL) sank -2.04% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -25.32% and is now up by 19.92% since start of this year. A look at its monthly performance shows that the stock has recorded a 4.93% gain over the past 30 days. Its equity price climbed by 4.17% over the past three months which led to its overall six-month decrease to stand at -9.8%.
Experts from research firms are bullish about the near-term performance of NGL Energy Partners LP with most of them predicting a $13.75 price target on a short-term (12 months) basis. The average price target by the analysts will see a 19.57% rise in the stock and would lead to NGL’s market cap to surge to $1.72B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 8 analysts that track NGL Energy Partners LP (NYSE:NGL) and find out that 2 of them rated it as a Hold. 6 of the 6 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at NGL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.31 point. Its trading volume has added 1394231 shares compared to readings over the past three months as it recently exchanged 2584231 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1190000 shares, and this is 2.17 times the normal volume.
Analysts have predicted a price target for Zillow Group, Inc. (Z) for 1 year and it stands at an average $38.83/share. This means that it would likely increase by 13.24% from its current position. The current price of the stock has been moving between $34.02 and $35.92. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $23. On the other hand, one analyst is super bullish about the price, setting a target as high as $70.
The Z stock Stochastic Oscillator (%D) is at 75.73%, which means that it is currently neutral. The shares P/S ratio stands at 3.81 which compares to the 77.53 recorded by the industry or the 10.36 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 110.61, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.