NGL Energy Partners (NYSE:NGL) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.44 and traded as high as $6.39. NGL Energy Partners shares last traded at $6.29, with a volume of 170,219 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of NGL Energy Partners in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

NGL Energy Partners Trading Up 1.5%

The stock has a 50-day moving average price of $5.69 and a 200 day moving average price of $4.44. The stock has a market capitalization of $804.30 million, a price-to-earnings ratio of -15.34 and a beta of 0.38.

NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. The business had revenue of $622.16 million during the quarter, compared to analyst estimates of $983.50 million. Equities research analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Insider Transactions at NGL Energy Partners

In related news, Director James M. Collingsworth purchased 100,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of $5.80 per share, with a total value of $580,000.00. Following the purchase, the director owned 729,500 shares of the company's stock, valued at $4,231,100. The trade was a 15.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of NGL Energy Partners

Institutional investors have recently modified their holdings of the stock. Windsor Advisory Group LLC acquired a new stake in NGL Energy Partners in the 1st quarter worth about $45,000. State of Wyoming acquired a new stake in shares of NGL Energy Partners in the first quarter worth approximately $51,000. CreativeOne Wealth LLC boosted its stake in shares of NGL Energy Partners by 15.7% in the second quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 2,400 shares during the last quarter. Massar Capital Management LP boosted its stake in shares of NGL Energy Partners by 23.2% in the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company's stock worth $120,000 after acquiring an additional 5,295 shares during the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of NGL Energy Partners in the first quarter worth approximately $182,000. Institutional investors and hedge funds own 40.62% of the company's stock.

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.

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