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

NGL Energy Partners LP (NYSE:NGL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analysts Set New Price Targets

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

NGL Energy Partners Trading Up 5.9%

The stock has a market capitalization of $619.14 million, a price-to-earnings ratio of -1.86 and a beta of 0.36. The company has a fifty day moving average of $3.35 and a two-hundred day moving average of $4.32.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $971.07 million during the quarter, compared to the consensus estimate of $1.05 billion. NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. As a group, sell-side analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.