NGL Energy Partners (NYSE:NGL) Shares Down 4.5% – Time to Sell?

Shares of NGL Energy Partners LP (NYSE:NGL) traded down 4.5% during mid-day trading on Monday . The company traded as low as $5.07 and last traded at $5.07. 41,017 shares were traded during mid-day trading, a decline of 91% from the average session volume of 464,702 shares. The stock had previously closed at $5.31.

NGL Energy Partners Trading Down 5.1 %

The business’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $4.53. 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 company has a market cap of $665.35 million, a PE ratio of -2.17 and a beta of 1.72.

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

Institutional Trading of NGL Energy Partners

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in shares of NGL Energy Partners by 15.9% during 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. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of NGL Energy Partners during the 3rd quarter worth $900,000. JPMorgan Chase & Co. grew its stake in NGL Energy Partners by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock valued at $22,539,000 after buying an additional 154,098 shares during the last quarter. Sanctuary Advisors LLC bought a new position in NGL Energy Partners in the 2nd quarter worth $721,000. Finally, ING Groep NV lifted its position in NGL Energy Partners by 5.5% during the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock worth $7,028,000 after acquiring an additional 80,803 shares during 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.