NGL Energy Partners (NYSE:NGL) Shares Pass 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 $4.25 and traded as high as $4.32. NGL Energy Partners shares last traded at $4.29, with a volume of 532,319 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut NGL Energy Partners from a "buy" rating to a "hold" rating in a research report on Monday, April 21st.

NGL Energy Partners Price Performance

The company has a market capitalization of $572.94 million, a price-to-earnings ratio of -7.36 and a beta of 0.43. The stock has a 50-day moving average price of $4.03 and a 200-day moving average price of $4.24.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $971.07 million during the quarter, compared to analysts' expectations of $1.05 billion. NGL Energy Partners had a negative return on equity of 47.87% and a net margin of 0.75%. Equities analysts forecast that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Institutional Trading of NGL Energy Partners

Several hedge funds have recently added to or reduced their stakes in NGL. Bank of America Corp DE lifted its holdings in NGL Energy Partners by 27.3% during the 4th quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company's stock worth $33,996,000 after purchasing an additional 1,461,754 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in NGL Energy Partners during the 1st quarter worth approximately $1,300,000. HighTower Advisors LLC lifted its holdings in NGL Energy Partners by 809.1% during the 1st quarter. HighTower Advisors LLC now owns 275,280 shares of the oil and gas company's stock worth $1,250,000 after purchasing an additional 245,000 shares during the last quarter. Citigroup Inc. lifted its holdings in NGL Energy Partners by 8.2% during the 1st quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company's stock worth $11,917,000 after purchasing an additional 199,770 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in NGL Energy Partners by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,248,614 shares of the oil and gas company's stock worth $23,829,000 after acquiring an additional 165,249 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

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.