NGL Energy Partners LP (NYSE:NGL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.22 and traded as high as $4.39. NGL Energy Partners shares last traded at $4.37, with a volume of 158,771 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of NGL Energy Partners from a "buy" rating to a "hold" rating in a research note on Monday, April 21st.
Check Out Our Latest Report on NGL
NGL Energy Partners Stock Down 3.3%
The stock has a market capitalization of $542.57 million, a price-to-earnings ratio of -6.97 and a beta of 0.43. The company's fifty day simple moving average is $4.14 and its 200 day simple moving average is $4.20.
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 EPS for the quarter, beating 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 the consensus estimate of $1.05 billion. As a group, analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current year.
Institutional Investors Weigh In On NGL Energy Partners
Institutional investors have recently modified their holdings of the business. Windsor Advisory Group LLC bought a new stake in shares of NGL Energy Partners in the first quarter valued at about $45,000. Raymond James Financial Inc. bought a new stake in shares of NGL Energy Partners in the fourth quarter valued at about $55,000. State of Wyoming bought a new stake in shares of NGL Energy Partners in the first quarter valued at about $51,000. Two Sigma Securities LLC bought a new stake in shares of NGL Energy Partners in the fourth quarter valued at about $59,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in NGL Energy Partners during the fourth quarter worth about $61,000. Institutional investors own 40.62% of the company's stock.
About NGL Energy Partners
(
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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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