NGL Energy Revenue vs. Shares Outstanding
| NGL-PB Preferred Stock | USD 23.89 0.01 0.04% |
For NGL Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NGL Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NGL Energy Partners utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NGL Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NGL Energy Partners over time as well as its relative position and ranking within its peers.
NGL |
NGL Energy Partners Shares Outstanding vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NGL Energy's current stock value. Our valuation model uses many indicators to compare NGL Energy value to that of its competitors to determine the firm's financial worth. NGL Energy Partners is rated below average in revenue category among its peers. It is regarded fourth in shares outstanding category among its peers creating about 0.02 of Shares Outstanding per Revenue. The ratio of Revenue to Shares Outstanding for NGL Energy Partners is roughly 64.23 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NGL Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NGL Energy's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NGL Revenue vs. Competition
NGL Energy Partners is rated below average in revenue category among its peers. Market size based on revenue of Oil & Gas Refining & Marketing industry is now estimated at about 37.21 Billion. NGL Energy totals roughly 7.95 Billion in revenue claiming about 21% of all equities under Oil & Gas Refining & Marketing industry.
NGL Shares Outstanding vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
NGL Energy |
| = | 7.95 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
NGL Energy |
| = | 123.74 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
NGL Shares Outstanding Comparison
NGL Energy is currently under evaluation in shares outstanding category among its peers.
NGL Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NGL Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NGL Energy will eventually generate negative long term returns. The profitability progress is the general direction of NGL Energy's change in net profit over the period of time. It can combine multiple indicators of NGL Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
NGL Energy Partners LP engages in the crude oil logistics, water solutions, and liquids and refined products businesses. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma. NGL ENERGY operates under Oil Gas Refining Marketing classification in the United States and is traded on NYQ Exchange. It employs 1400 people.
NGL Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NGL Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NGL Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NGL Energy's important profitability drivers and their relationship over time.
Use NGL Energy in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NGL Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NGL Energy will appreciate offsetting losses from the drop in the long position's value.NGL Energy Pair Trading
NGL Energy Partners Pair Trading Analysis
The ability to find closely correlated positions to NGL Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NGL Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NGL Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NGL Energy Partners to buy it.
The correlation of NGL Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NGL Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NGL Energy Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NGL Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your NGL Energy position
In addition to having NGL Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Currency Funds
Funds or Etfs investing in a single currency or combination of currencies from different countries in order to replicate respective foreign exchange markets. The Currency Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Currency Funds Theme or any other thematic opportunities.
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Other Information on Investing in NGL Preferred Stock
To fully project NGL Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NGL Energy Partners at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NGL Energy's income statement, its balance sheet, and the statement of cash flows.