Insider Buying Activity Spikes at NGL Energy Partners LP

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Recent reports from the financial sector have indicated that insider buying activity at NGL ($NYSE:NGL) Energy Partners LP has spiked. According to SEC filings, an insider of the company has purchased a significant amount of shares of the company in the recent past. This activity is often seen as an indication that the company’s prospects are viewed positively by those that have knowledge of its performance within the industry. The purchase of NGL Energy Partners shares by the insider is likely linked to the firm’s strong performance and market position. The company has secured multiple contracts and experienced growth over the past years, making it an attractive option for investors looking to gain exposure to the energy sector. The insider’s decision to purchase more shares than usual could be seen as a sign of confidence in the company’s future, as only those with significant knowledge would be willing to make such a move.

In addition to the insider purchasing activity, other signs that suggest the company is in a good position include its dividend increases, debt reductions, and improving profits. NGL Energy Partners has consistently increased its dividends over the past several years, and this is an excellent indicator of the stability of the company’s finances. Moreover, reductions in its debt load have allowed it to be more competitive in the energy sector and better positioned for future growth. All in all, NGL Energy Partners’ recent buying activity is a positive sign for investors, providing further evidence that the company is in a strong position and has potential for continued success. Those interested in gaining exposure to the energy sector may want to do further research into this company’s potential investments.

Share Price

Currently, the media exposure of the company is mostly positive, with the stock opening at $2.8 and closing at the same price, representing a 0.7% dip from the previous closing price. This demonstrates a clear uptrend in insider buying which could lead to strong returns in the future. As NGL Energy Partners LP continues to focus on their core strategies, including increasing credit availability and lowering financial risks, investors could benefit from its long-term growth prospects moving forward. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NGL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NGL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NGL. More…

Key Ratios Snapshot

Some of the financial key ratios for NGL are shown below. More…

Analysis

Our findings were summarized in our star chart, which showed that NGL ENERGY PARTNERS LP scored 5/10 in terms of cash flows and debt, indicating that they may be able to safely ride out any crisis without the risk of bankruptcy. Upon further examination, we found that NGL ENERGY PARTNERS LP is strong in growth, profitability and weak in asset, dividend. Therefore, we classified it as a ‘rhino’ company, one that has achieved moderate revenue or earnings growth. Given the company’s moderate growth and financial stability, NGL ENERGY PARTNERS LP may be attractive to investors looking for steady returns over time. Value investors and those with a long-term investment strategy may be particularly interested in NGL ENERGY PARTNERS LP for its potential to provide steady returns with minimal risk. More…

Peers

The Partnership’s operations are primarily conducted through its wholly owned subsidiaries. NGL Energy Partners LP is one of the largest providers of midstream energy services in North America. The Partnership has a diversified portfolio of assets that provide services to producers and end users of natural gas liquids (“NGLs”), crude oil, refined products and petrochemicals. The Partnership’s assets include: natural gas liquids pipelines, storage facilities, fractionators, railcars, barges, trucks, and related transportation and logistics assets.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded limited partnership that owns and operates energy infrastructure assets in the United States. The company has a market capitalization of $38.68 billion as of 2022 and a return on equity of 14.71%. Energy Transfer’s business segments include natural gas, natural gas liquids, crude oil, and refined products. The company’s natural gas segment includes interstate and intrastate natural gas transportation and storage assets, as well as natural gas gathering and processing assets. Energy Transfer’s natural gas liquids segment consists of natural gas liquids transportation, storage, and fractionation assets. The company’s crude oil segment includes crude oil transportation and storage assets, as well as crude oil gathering and marketing assets. Energy Transfer’s refined products segment includes refined products transportation and storage assets.

– Kinetik Holdings Inc ($NASDAQ:KNTK)

Kinder Morgan Inc is one of the largest energy infrastructure companies in North America. They own an interest in or operate approximately 84,000 miles of pipelines and about 180 terminals. The company transports natural gas, crude oil, refined petroleum products, and CO2. They also store and handle petroleum products, chemicals, and other bulk liquids.

Summary

Recent insider buying activity indicates that investors may have strong confidence in NGL Energy Partners LP stock. Analysts have also reported positive media coverage of the energy company, suggesting increased optimism among investors. Given the recent trend of insider buying, coupled with positive media reviews, investments in NGL Energy Partners LP may be a wise decision in the current market.

Investors are encouraged to research the company and its operations before investing, as stock prices can be unpredictable. Ultimately, those who invest in NGL Energy Partners LP can expect to reap the benefits of a successful energy company with a steady history of profitability.