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

NGL Energy Partners LP (NYSE:NGL - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.32 and traded as high as $4.46. NGL Energy Partners shares last traded at $4.41, with a volume of 350,184 shares trading hands.

Wall Street Analyst Weigh In

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

NGL Energy Partners Stock Up 3.5%

The company has a market capitalization of $619.13 million, a P/E ratio of -7.95 and a beta of 0.36. The business's 50-day moving average is $3.43 and its two-hundred day moving average is $4.32.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its earnings results on Thursday, May 29th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $971.07 million for the quarter, compared to analysts' expectations of $1.05 billion. Analysts predict that NGL Energy Partners LP will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NGL. Bank of America Corp DE raised its position in NGL Energy Partners by 27.3% in the fourth 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 acquiring an additional 1,461,754 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of NGL Energy Partners during the 1st quarter worth approximately $1,300,000. HighTower Advisors LLC raised its holdings in shares of NGL Energy Partners by 809.1% in 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 period. Citigroup Inc. lifted its stake in NGL Energy Partners by 8.2% in the first quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company's stock valued at $11,917,000 after purchasing an additional 199,770 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in NGL Energy Partners by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 5,248,614 shares of the oil and gas company's stock valued at $23,829,000 after purchasing an additional 165,249 shares during the last quarter. Hedge funds and other institutional investors 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.