NGL Energy Partners (NYSE:NGL) Shares Cross Above 200 Day Moving Average - Time to Sell?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) shares 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.

Analysts Set New Price Targets

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.

NGL Energy Partners Stock Down 0.7%

The company has a market capitalization of $559.74 million, a price-to-earnings ratio of -7.19 and a beta of 0.43. The company's 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.29.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its earnings results on Thursday, May 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $971.07 million during the quarter, compared to the consensus estimate of $1.05 billion. NGL Energy Partners had a net margin of 0.75% and a negative return on equity of 47.87%. Analysts anticipate that NGL Energy Partners LP will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NGL. Raymond James Financial Inc. purchased a new position in shares of NGL Energy Partners in the fourth quarter worth $55,000. one8zero8 LLC purchased a new position in shares of NGL Energy Partners in the fourth quarter worth $58,000. Invesco Ltd. raised its holdings in shares of NGL Energy Partners by 0.4% in the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company's stock worth $98,039,000 after buying an additional 85,000 shares during the last quarter. ELCO Management Co. LLC raised its holdings in shares of NGL Energy Partners by 21.4% in the fourth quarter. ELCO Management Co. LLC now owns 157,120 shares of the oil and gas company's stock worth $784,000 after buying an additional 27,700 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of NGL Energy Partners by 174.6% in the fourth quarter. XTX Topco Ltd now owns 27,933 shares of the oil and gas company's stock worth $139,000 after buying an additional 17,759 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

NGL Energy Partners Company Profile

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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