NGL Energy Partners (NYSE:NGL) Stock Price Up 5.3% - Should You Buy?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) was up 5.3% on Tuesday . The stock traded as high as $4.63 and last traded at $4.67. Approximately 236,582 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 356,367 shares. The stock had previously closed at $4.43.

Analysts Set New Price Targets

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

NGL Energy Partners Price Performance

The stock's fifty day simple moving average is $3.46 and its 200-day simple moving average is $4.32. The firm has a market cap of $617.82 million, a PE ratio of -7.93 and a beta of 0.36.

NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its earnings results on Thursday, May 29th. 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. NGL Energy Partners had a negative return on equity of 47.87% and a net margin of 0.75%. The company had revenue of $971.07 million during the quarter, compared to analyst estimates of $1.05 billion. Analysts expect that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NGL. Windsor Advisory Group LLC acquired a new stake in NGL Energy Partners during the first quarter worth about $45,000. State of Wyoming acquired a new stake in shares of NGL Energy Partners during the 1st quarter worth approximately $51,000. Raymond James Financial Inc. purchased a new position in shares of NGL Energy Partners during the 4th quarter valued at approximately $55,000. one8zero8 LLC acquired a new position in shares of NGL Energy Partners in the 4th quarter valued at $58,000. Finally, Two Sigma Securities LLC purchased a new stake in NGL Energy Partners during the fourth quarter worth $59,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

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.