NGL Energy Partners (NYSE:NGL) Trading Up 2.2%

NGL Energy Partners LP (NYSE:NGL - Get Free Report) rose 2.2% on Wednesday . The stock traded as high as $6.03 and last traded at $6.03. Approximately 44,656 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 386,210 shares. The stock had previously closed at $5.90.

Analyst Ratings Changes

Separately, StockNews.com cut shares of NGL Energy Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 15th.

NGL Energy Partners Stock Performance

The firm has a market cap of $803.01 million, a P/E ratio of -10.27 and a beta of 1.63. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 5.24. The company's 50-day moving average is $5.85 and its two-hundred day moving average is $5.03.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $2.05 billion. NGL Energy Partners had a net margin of 0.34% and a return on equity of 22.44%. As a group, equities analysts predict that NGL Energy Partners LP will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at NGL Energy Partners

In other news, Director James M. Collingsworth acquired 30,101 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $5.81 per share, for a total transaction of $174,886.81. Following the purchase, the director now owns 559,601 shares in the company, valued at approximately $3,251,281.81. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On NGL Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in NGL. Citigroup Inc. purchased a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $152,000. Whittier Trust Co. purchased a new stake in shares of NGL Energy Partners during the 4th quarter worth approximately $688,000. CWM LLC increased its stake in shares of NGL Energy Partners by 18,752.0% during the 3rd quarter. CWM LLC now owns 37,704 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 37,504 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $77,000. Finally, Fractal Investments LLC grew its stake in NGL Energy Partners by 574.3% in the 3rd quarter. Fractal Investments LLC now owns 199,987 shares of the oil and gas company's stock valued at $774,000 after buying an additional 170,327 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

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.