NGL Energy Partners (NYSE:NGL) Shares Up 3.2%

NGL Energy Partners LP (NYSE:NGLGet Free Report) shares rose 3.2% during mid-day trading on Friday . The stock traded as high as $5.14 and last traded at $5.11. Approximately 776,900 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 421,203 shares. The stock had previously closed at $4.95.

Analyst Ratings Changes

Separately, StockNews.com lowered NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Monday.

Check Out Our Latest Report on NGL

NGL Energy Partners Trading Up 4.6 %

The stock has a market cap of $686.40 million, a price-to-earnings ratio of -2.32 and a beta of 1.67. The business’s 50 day moving average is $5.74 and its 200 day moving average is $5.56. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.21 and a quick ratio of 1.07.

NGL Energy Partners (NYSE:NGLGet Free Report) last announced its quarterly earnings data on Thursday, June 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.57). The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.97 billion. NGL Energy Partners had a negative net margin of 2.07% and a positive return on equity of 20.54%. As a group, equities analysts expect that NGL Energy Partners LP will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of NGL Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Canvas Wealth Advisors LLC lifted its stake in shares of NGL Energy Partners by 8.7% during the first quarter. Canvas Wealth Advisors LLC now owns 21,748 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 1,748 shares in the last quarter. CWM LLC grew its stake in shares of NGL Energy Partners by 6.6% during the fourth quarter. CWM LLC now owns 40,204 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 2,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in NGL Energy Partners by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 2,845 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in NGL Energy Partners during the 4th quarter valued at approximately $28,000. Finally, Visionary Horizons LLC purchased a new stake in NGL Energy Partners during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

NGL Energy Partners Company Profile

(Get Free Report)

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.

Further Reading

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