NGL Energy Partners (NYSE:NGL) Shares Down 2.5% – What’s Next?

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

NGL Energy Partners Trading Up 0.9 %

The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.98 and a current ratio of 1.21. The stock has a market capitalization of $625.74 million, a price-to-earnings ratio of -2.04 and a beta of 1.75. The business has a fifty day simple moving average of $4.45 and a 200 day simple moving average of $4.55.

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

Institutional Investors Weigh In On NGL Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in NGL Energy Partners during the 3rd quarter worth $46,000. XTX Topco Ltd acquired a new stake in shares of NGL Energy Partners during the 3rd quarter worth $46,000. International Assets Investment Management LLC increased its position in shares of NGL Energy Partners by 350.0% in 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 period. FLC Capital Advisors acquired a new position in NGL Energy Partners in the third quarter valued at about $103,000. Finally, Van ECK Associates Corp lifted its position in 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 worth $124,000 after purchasing an additional 5,128 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.