NGL Energy Partners LP NGL saw a big move last session, as the company's units fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for NGL, as the stock is now up 9% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as this oil refining and marketing MLP has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
NGL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 50.00%.
Some better-ranked stocks in the broader energy sector include TC PipeLines, LP TCP, Ultra Petroleum Corp. UPL and Encana Corporation ECA. All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
This slump shouldn't be too much of a surprise to investors, as this oil refining and marketing MLP has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
NGL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 50.00%.
Some better-ranked stocks in the broader energy sector include TC PipeLines, LP TCP, Ultra Petroleum Corp. UPL and Encana Corporation ECA. All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NGL ENERGY PART NGL: Free Stock Analysis Report
TC PIPELINES TCP: Free Stock Analysis Report
ULTRA PETRO CP UPL: Free Stock Analysis Report
ENCANA CORP ECA: Free Stock Analysis Report
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Zacks Investment Research
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