NGL Energy Partners (NYSE:NGL) Trading Up 5.5%

Shares of NGL Energy Partners LP (NYSE:NGL) were up 5.5% during mid-day trading on Monday . The company traded as high as $4.85 and last traded at $4.82. Approximately 161,375 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 390,587 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, June 10th.

NGL Energy Partners Trading Up 9.2 %

The stock’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $5.17. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.96 and a current ratio of 1.15. The firm has a market cap of $661.24 million, a PE ratio of -2.26 and a beta of 1.67.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). NGL Energy Partners had a negative net margin of 2.28% and a positive return on equity of 36.54%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business posted ($0.11) earnings per share. On average, sell-side analysts forecast that NGL Energy Partners LP will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of NGL Energy Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in shares of NGL Energy Partners by 26.4% during 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 buying an additional 5,128 shares during the period. Janney Montgomery Scott LLC boosted its stake in NGL Energy Partners by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 2,845 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of NGL Energy Partners by 42.4% during the 1st quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock valued at $221,000 after acquiring an additional 11,419 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of NGL Energy Partners during the 1st quarter valued at about $271,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NGL Energy Partners during the 1st quarter valued at about $288,000. 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.