NGL Energy Partners (NYSE:NGL) Stock Price Down 2.5% – Time to Sell?

NGL Energy Partners LP (NYSE:NGL) was down 2.5% during trading on Thursday . The company traded as low as $4.65 and last traded at $4.65. Approximately 94,437 shares were traded during trading, a decline of 73% from the average daily volume of 350,829 shares. The stock had previously closed at $4.77.

NGL Energy Partners Stock Performance

The company’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.55. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market capitalization of $613.86 million, a PE ratio of -2.00 and a beta of 1.75.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the business earned ($0.05) EPS. As a group, equities analysts expect that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On NGL Energy Partners

Large investors have recently modified their holdings of the company. Tidal Investments LLC increased its position in shares of NGL Energy Partners by 33.3% in the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 8,877 shares in the last quarter. XTX Topco Ltd purchased a new stake in NGL Energy Partners during the 3rd quarter worth $46,000. Citigroup Inc. increased its holdings in NGL Energy Partners by 15.9% in the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock valued at $10,922,000 after purchasing an additional 333,531 shares in the last quarter. ING Groep NV increased its holdings in NGL Energy Partners by 5.5% in the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock valued at $7,028,000 after purchasing an additional 80,803 shares in the last quarter. Finally, Stephens Inc. AR raised its position in NGL Energy Partners by 49.0% in the third quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company’s stock valued at $684,000 after purchasing an additional 50,000 shares during the period. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

About NGL Energy Partners

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.