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NGL Energy (NGL) Looks Good: Stock Adds 5.8% in Session

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NGL Energy Partners LP (NGL - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $10.87 –$11.92 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported solid third-quarter fiscal 2019 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NGL Energy currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is Golar LNG Partners LP (GMLP - Free Report) which carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NGL going up? Or down? Predict to see what others think:Up or Down

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