NGL Energy Partners (NYSE:NGL - Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.06, Zacks reports. NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%. The business had revenue of $971.07 million during the quarter, compared to analyst estimates of $1.05 billion.
NGL Energy Partners Stock Up 8.1%
NYSE NGL traded up $0.26 on Friday, reaching $3.48. 839,212 shares of the stock traded hands, compared to its average volume of 380,388. The firm's fifty day simple moving average is $3.41 and its 200 day simple moving average is $4.37. The company has a market cap of $459.41 million, a price-to-earnings ratio of -1.38 and a beta of 0.26. NGL Energy Partners has a 12 month low of $2.64 and a 12 month high of $5.97.
Hedge Funds Weigh In On NGL Energy Partners
A hedge fund recently raised its stake in NGL Energy Partners stock. Goldman Sachs Group Inc. raised its position in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,248,614 shares of the oil and gas company's stock after purchasing an additional 165,249 shares during the quarter. Goldman Sachs Group Inc. owned about 3.98% of NGL Energy Partners worth $23,829,000 as of its most recent SEC filing. 40.62% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen lowered NGL Energy Partners from a "buy" rating to a "hold" rating in a report on Monday, April 21st.
Check Out Our Latest Report on NGL Energy Partners
About NGL Energy Partners
(
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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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