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Is NGL Energy Partners LP (NGL) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is NGL Energy Partners LP (NGL - Free Report) . NGL is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.44 right now. For comparison, its industry sports an average P/E of 19.93. NGL's Forward P/E has been as high as 4,686.95 and as low as -46,231.66, with a median of 12.39, all within the past year.
Investors should also recognize that NGL has a P/B ratio of 0.83. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. NGL's current P/B looks attractive when compared to its industry's average P/B of 1.60. Over the past 12 months, NGL's P/B has been as high as 0.86 and as low as 0.50, with a median of 0.74.
Finally, investors should note that NGL has a P/CF ratio of 2.79. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NGL's current P/CF looks attractive when compared to its industry's average P/CF of 7.66. Over the past 52 weeks, NGL's P/CF has been as high as 19.71 and as low as 1.83, with a median of 2.76.
These are just a handful of the figures considered in NGL Energy Partners LP's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that NGL is an impressive value stock right now.
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Is NGL Energy Partners LP (NGL) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is NGL Energy Partners LP (NGL - Free Report) . NGL is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.44 right now. For comparison, its industry sports an average P/E of 19.93. NGL's Forward P/E has been as high as 4,686.95 and as low as -46,231.66, with a median of 12.39, all within the past year.
Investors should also recognize that NGL has a P/B ratio of 0.83. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. NGL's current P/B looks attractive when compared to its industry's average P/B of 1.60. Over the past 12 months, NGL's P/B has been as high as 0.86 and as low as 0.50, with a median of 0.74.
Finally, investors should note that NGL has a P/CF ratio of 2.79. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NGL's current P/CF looks attractive when compared to its industry's average P/CF of 7.66. Over the past 52 weeks, NGL's P/CF has been as high as 19.71 and as low as 1.83, with a median of 2.76.
These are just a handful of the figures considered in NGL Energy Partners LP's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that NGL is an impressive value stock right now.