NGL Energy Partners (NYSE:NGL) Shares Down 2.5% – Time to Sell?

NGL Energy Partners LP (NYSE:NGL) shares traded down 2.5% during trading on Thursday . The stock traded as low as $4.65 and last traded at $4.65. 94,437 shares were traded during mid-day trading, a decline of 73% from the average session volume of 350,829 shares. The stock had previously closed at $4.77.

NGL Energy Partners Price Performance

The stock has a market cap of $613.86 million, a price-to-earnings ratio of -2.00 and a beta of 1.75. The company’s 50 day moving average is $4.45 and its 200 day moving average is $4.55. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.21 and a quick ratio of 0.98.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.56 billion. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. During the same period in the previous year, the business earned ($0.05) earnings per share. Research analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NGL Energy Partners

A number of institutional investors have recently made changes to their positions in NGL. Sanctuary Advisors LLC acquired a new position in shares of NGL Energy Partners in the second quarter valued at approximately $721,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in NGL Energy Partners in the 3rd quarter valued at $900,000. Citigroup Inc. lifted its stake in shares of 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 period. International Assets Investment Management LLC boosted its holdings in shares of NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 5,128 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

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.