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

NGL Energy Partners LP (NYSE:NGL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.54 and traded as high as $5.23. NGL Energy Partners shares last traded at $5.18, with a volume of 683,070 shares trading hands.

NGL Energy Partners Stock Up 2.5 %

The company has a market cap of $700.99 million, a price-to-earnings ratio of -2.29 and a beta of 1.72. The firm’s fifty day simple moving average is $4.55 and its 200 day simple moving average is $4.54. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20). NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm posted ($0.05) EPS. Sell-side analysts predict that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in NGL Energy Partners by 15.9% during the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock worth $10,922,000 after purchasing an additional 333,531 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in NGL Energy Partners during the 3rd quarter valued at $900,000. JPMorgan Chase & Co. grew its holdings in NGL Energy Partners by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock worth $22,539,000 after acquiring an additional 154,098 shares during the period. Sanctuary Advisors LLC acquired a new stake in NGL Energy Partners during the second quarter valued at approximately $721,000. Finally, ING Groep NV grew its holdings in shares of NGL Energy Partners by 5.5% in the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock worth $7,028,000 after acquiring an additional 80,803 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About NGL Energy Partners

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.