NGL Energy Partners (NYSE:NGL) Trading Down 4.5% – Should You Sell?

NGL Energy Partners LP (NYSE:NGL)’s stock price dropped 4.5% on Monday . The stock traded as low as $5.07 and last traded at $5.07. Approximately 41,017 shares were traded during trading, a decline of 91% from the average daily volume of 464,702 shares. The stock had previously closed at $5.31.

NGL Energy Partners Price Performance

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 company’s 50 day moving average price is $4.55 and its 200-day moving average price is $4.53. The company has a market cap of $665.35 million, a price-to-earnings ratio of -2.17 and a beta of 1.72.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted ($0.05) EPS. On average, equities research analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

Several hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in NGL Energy Partners during the 3rd quarter valued at $46,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NGL Energy Partners during the third quarter valued at $46,000. International Assets Investment Management LLC raised its position in 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 valued at $57,000 after buying an additional 9,800 shares during the period. FLC Capital Advisors purchased a new stake in NGL Energy Partners in the 3rd quarter worth about $103,000. Finally, Van ECK Associates Corp boosted its position in NGL Energy Partners by 26.4% during the 2nd quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock worth $124,000 after acquiring an additional 5,128 shares during the period. 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.