NGL Energy Partners (NYSE:NGL) Trading Down 2.5% – Should You Sell?

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

NGL Energy Partners Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52. The business’s 50-day simple moving average is $4.45 and its two-hundred day simple moving average is $4.55. The firm has a market cap of $625.74 million, a price-to-earnings ratio of -2.04 and a beta of 1.75.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC acquired a new position in NGL Energy Partners in the third quarter valued at approximately $46,000. International Assets Investment Management LLC boosted its holdings in shares of NGL Energy Partners by 350.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after buying an additional 9,800 shares in the last quarter. FLC Capital Advisors acquired a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $103,000. Finally, Van ECK Associates Corp increased its stake in shares of NGL Energy Partners by 26.4% in the 2nd quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 5,128 shares in the last quarter. 40.62% of the stock is owned by 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.