NGL Energy Partners LP (NYSE:NGL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.29 and traded as high as $4.41. NGL Energy Partners shares last traded at $4.24, with a volume of 419,829 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of NGL Energy Partners from a "buy" rating to a "hold" rating in a research note on Monday, April 21st.
View Our Latest Stock Analysis on NGL Energy Partners
NGL Energy Partners Price Performance
The stock has a market cap of $565.02 million, a price-to-earnings ratio of -7.25 and a beta of 0.43. The stock's 50-day moving average is $3.82 and its 200 day moving average is $4.28.
NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. NGL Energy Partners had a net margin of 0.75% and a negative return on equity of 47.87%. The company had revenue of $971.07 million during the quarter, compared to the consensus estimate of $1.05 billion. Analysts anticipate that NGL Energy Partners LP will post -0.22 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NGL. Raymond James Financial Inc. purchased a new stake in NGL Energy Partners in the 4th quarter worth approximately $55,000. one8zero8 LLC purchased a new stake in NGL Energy Partners in the 4th quarter worth approximately $58,000. Invesco Ltd. grew its stake in shares of NGL Energy Partners by 0.4% during the 4th quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company's stock valued at $98,039,000 after buying an additional 85,000 shares during the period. ELCO Management Co. LLC grew its stake in shares of NGL Energy Partners by 21.4% during the 4th quarter. ELCO Management Co. LLC now owns 157,120 shares of the oil and gas company's stock valued at $784,000 after buying an additional 27,700 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of NGL Energy Partners by 174.6% during the 4th quarter. XTX Topco Ltd now owns 27,933 shares of the oil and gas company's stock valued at $139,000 after buying an additional 17,759 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.
About NGL Energy Partners
(
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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