NGL Energy Partners (NYSE:NGL - Get Free Report) announced its quarterly earnings results on Thursday. The oil and gas company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.06, Zacks reports. The business had revenue of $971.07 million for the quarter, compared to analysts' expectations of $1.05 billion. NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%.
NGL Energy Partners Stock Performance
Shares of NGL Energy Partners stock traded up $0.01 on Tuesday, reaching $3.39. 341,553 shares of the company were exchanged, compared to its average volume of 381,141. NGL Energy Partners has a 1-year low of $2.64 and a 1-year high of $5.97. The firm has a market cap of $448.05 million, a price-to-earnings ratio of -1.35 and a beta of 0.26. The company's 50-day moving average is $3.39 and its two-hundred day moving average is $4.36.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut NGL Energy Partners from a "buy" rating to a "hold" rating in a research report on Monday, April 21st.
Read Our Latest Report on NGL
Institutional Trading of NGL Energy Partners
An institutional investor recently raised its position in NGL Energy Partners stock. Goldman Sachs Group Inc. boosted its holdings in NGL Energy Partners LP (NYSE:NGL - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,248,614 shares of the oil and gas company's stock after acquiring an additional 165,249 shares during the quarter. Goldman Sachs Group Inc. owned 3.98% of NGL Energy Partners worth $23,829,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.
NGL Energy Partners Company Profile
(
Get Free Report)
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.
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