NGL Should I Buy
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NGL Energy Partners LP is not a strong buy for a beginner investor with a long-term focus at this time. While the company has announced a share repurchase program and has been recognized as a strong infrastructure stock, its recent financial performance shows significant declines in revenue, net income, and EPS. Technical indicators are neutral, and there are no strong trading signals or significant positive momentum to justify immediate action.
The MACD is negative and contracting (-0.0623), RSI is neutral at 59.833, and moving averages are converging, indicating no clear trend. Support and resistance levels suggest limited immediate upside potential.
The company announced a $100 million share repurchase program and has been recognized as one of the best infrastructure stocks to buy. Gross margin increased by 20.40% YoY.
Analysts suggest other AI stocks may offer better upside potential.
In Q3 2026, revenue dropped to $909.8M (-7.39% YoY), net income fell to $11.97M (-177.65% YoY), and EPS declined to $0.1 (-183.33% YoY). However, gross margin improved to 22.01% (+20.40% YoY).
Analysts acknowledge NGL's potential but suggest other AI stocks may offer better returns. No recent changes in analyst ratings or price targets were noted.
