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

Key Points

• NGL Energy Partners shares rose above their 200-day moving average, reaching $17.64 and last trading near $17.20, compared with a 200-day average of $15.34.
• Analyst sentiment is generally positive, with the stock carrying an average “Buy” rating; Zacks Research upgraded it to “Strong Buy,” while Wall Street Zen raised its view to “Buy.”
• The company exceeded quarterly earnings expectations, reporting $0.48 per share versus the $0.11 consensus estimate, though it continues to show negative net margin and return on equity. Insider activity was mixed, with the CEO selling 300,000 shares while a director bought a similar amount.

NGL Energy Partners LP (NYSE:NGL - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.34 and traded as high as $17.64. NGL Energy Partners shares last traded at $17.1980, with a volume of 50,511 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NGL. Weiss Ratings restated a "hold (c-)" rating on shares of NGL Energy Partners in a research note on Tuesday, September 1st. Zacks Research raised NGL Energy Partners from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded NGL Energy Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, NGL Energy Partners has an average rating of "Buy".

NGL Energy Partners Trading Down 0.5%

The stock has a fifty day moving average price of $16.74 and a 200 day moving average price of $15.34. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -6.06 and a beta of 0.66.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%.The firm had revenue of $989.99 million during the quarter, compared to analyst estimates of $346.13 million. On average, sell-side analysts forecast that NGL Energy Partners LP will post 1.38 EPS for the current year.

Insider Transactions at NGL Energy Partners

In related news, CEO H. Krimbill sold 300,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $17.00, for a total value of $5,100,000.00. Following the transaction, the chief executive officer directly owned 3,378,615 shares in the company, valued at approximately $57,436,455. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Raymond bought 300,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $16.98 per share, for a total transaction of $5,094,000.00. Following the acquisition, the director directly owned 376,626 shares in the company, valued at approximately $6,395,109.48. This trade represents a 391.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 339,923 shares of company stock worth $5,750,003. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On NGL Energy Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quartz Partners LLC raised its stake in NGL Energy Partners by 6.8% during the 1st quarter. Quartz Partners LLC now owns 16,504 shares of the oil and gas company's stock valued at $203,000 after purchasing an additional 1,052 shares during the last quarter. Carter Financial Group INC. grew its position in NGL Energy Partners by 3.1% in the 2nd quarter. Carter Financial Group INC. now owns 66,889 shares of the oil and gas company's stock worth $1,066,000 after purchasing an additional 2,000 shares during the last quarter. Tidal Investments LLC grew its position in NGL Energy Partners by 4.9% in the 2nd quarter. Tidal Investments LLC now owns 94,443 shares of the oil and gas company's stock worth $1,504,000 after purchasing an additional 4,440 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of NGL Energy Partners by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 250,049 shares of the oil and gas company's stock worth $3,083,000 after purchasing an additional 6,380 shares during the period. Finally, UBS Group AG increased its holdings in shares of NGL Energy Partners by 4.4% during the 4th quarter. UBS Group AG now owns 204,704 shares of the oil and gas company's stock worth $2,047,000 after purchasing an additional 8,561 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream energy services in the United States. The company's operations support the movement, handling, treatment and disposal of crude oil, produced water and other energy-related liquids.

Its Water Solutions business gathers, transports, treats and disposes of produced water generated during oil and natural gas production. The segment operates primarily in major U.S. shale-producing regions, including the Permian Basin, and provides infrastructure such as pipelines, disposal wells and related facilities to producers.

NGL's Crude Oil Logistics operations provide gathering, transportation, storage and marketing services for crude oil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.