NGL Energy Partners (NYSE:NGL) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• NGL shares passed above its 200‑day moving average, trading as high as $11.68 and last at $11.015 versus a 200‑day MA of $8.92 on volume of about 292,573 shares.
• The company reported Q4 EPS of $0.10 (missing the $0.16 estimate) while revenue of $909.8M beat expectations; analysts hold a consensus Hold rating and expect -0.22 EPS for the current fiscal year.
• Institutional investors own roughly 40.6% of the stock, with major firms like Bank of America and Goldman Sachs recently increasing their positions, and the firm has a market cap of about $1.36 billion.

NGL Energy Partners LP (NYSE:NGL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.92 and traded as high as $11.68. NGL Energy Partners shares last traded at $11.0150, with a volume of 292,573 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on NGL shares. Zacks Research downgraded NGL Energy Partners from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NGL Energy Partners in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NGL Energy Partners currently has a consensus rating of "Hold".

NGL Energy Partners Stock Down 4.2%

The company has a 50 day simple moving average of $11.17 and a two-hundred day simple moving average of $8.92. The company has a market capitalization of $1.36 billion, a P/E ratio of 275.44 and a beta of 0.34.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). The company had revenue of $909.82 million during the quarter, compared to the consensus estimate of $700.76 million. NGL Energy Partners had a net margin of 5.01% and a negative return on equity of 66.52%. As a group, research analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in NGL Energy Partners by 18.7% during the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company's stock valued at $70,373,000 after acquiring an additional 1,843,849 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of NGL Energy Partners by 9.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company's stock worth $75,224,000 after acquiring an additional 651,779 shares during the last quarter. ING Groep NV boosted its stake in shares of NGL Energy Partners by 4.9% during the 4th quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company's stock worth $51,748,000 after purchasing an additional 243,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NGL Energy Partners by 0.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,069,571 shares of the oil and gas company's stock worth $30,696,000 after purchasing an additional 28,659 shares during the period. Finally, Angelo Gordon & CO. L.P. grew its holdings in NGL Energy Partners by 291.7% during the 3rd quarter. Angelo Gordon & CO. L.P. now owns 2,504,447 shares of the oil and gas company's stock valued at $15,027,000 after purchasing an additional 1,865,003 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership's asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.

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