12 Best NYSE Penny Stocks to Buy According to Analysts

8. NGL Energy Partners LP (NYSE:NGL)

Price as of March 7: $4.73

Analysts upside potential as of March 7: 90.27%

Number of Hedge Fund Holders In Q4 2024: 2

NGL Energy Partners LP (NYSE:NGL) transports, stores, blends, and markets crude oil, natural gas liquids, water solutions, and renewable products. The company’s primary units of operation are Water Solutions, Crude Oil Logistics, and Liquids Logistics. It also provides essential services to energy sector producers and end-users.

NGL Energy Partners LP’s (NYSE:NGL) financial performance in the most recent quarter is wanting. Net income decreased from $45.8 million in FQ3 2024 to $14.6 million in FQ3 2025. Adjusted EBITDA, too, dropped to $147.7 million from $151.7 million year-over-year. The Water Solutions segment’s operating income decreased by $8.9 million due to higher losses on asset disposal or impairment. However, this was partially offset by a $3.0 million gain from the write-off of a contingent consideration liability and higher disposal revenues. The Crude Oil Logistics segment also reported lower operating income by $7.0 million due to reduced sales volumes and lower crude oil prices. The same is true for the Liquids Logistics segment, which had a decrease of $10.8 million due to lower propane and refined products margins and increased derivative losses.

Nonetheless, the company’s operations speak a different language. During the quarter, NGL Energy Partners LP (NYSE:NGL) commenced operations for the Lea County Express Pipeline (LEX II). The company also signed a long-term acreage dedication contract with Prairie Operating and a term crude oil purchase and sale agreement with another DJ Basin producer. This robustness emboldens analysts to project an upside potential of 90.68% from the stock’s current price. This is why this company is number 8 on this list.