NGL Energy Partners (NYSE:NGL) Shares Gap Up to $4.31

NGL Energy Partners LP (NYSE:NGL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.31, but opened at $4.44. NGL Energy Partners shares last traded at $4.47, with a volume of 6,391 shares traded.

Analyst Ratings Changes

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

NGL Energy Partners Stock Up 4.9 %

The stock’s 50-day moving average price is $4.40 and its 200-day moving average price is $5.21. The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of 28.52. The stock has a market cap of $621.49 million, a price-to-earnings ratio of -2.22 and a beta of 1.67.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, sell-side analysts expect that NGL Energy Partners LP will post 0.33 earnings per share for the current year.

Institutional Trading of NGL Energy Partners

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in NGL Energy Partners by 143.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,225,500 shares of the oil and gas company’s stock valued at $29,106,000 after purchasing an additional 3,078,422 shares in the last quarter. BNP Paribas Financial Markets raised its stake in NGL Energy Partners by 226.7% during the 4th quarter. BNP Paribas Financial Markets now owns 566,117 shares of the oil and gas company’s stock worth $3,153,000 after buying an additional 392,823 shares during the period. ING Groep NV boosted its holdings in NGL Energy Partners by 45.6% in the fourth quarter. ING Groep NV now owns 811,000 shares of the oil and gas company’s stock worth $4,517,000 after acquiring an additional 253,900 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in NGL Energy Partners in the second quarter valued at approximately $721,000. Finally, NBW Capital LLC increased its holdings in shares of NGL Energy Partners by 40.7% during the first quarter. NBW Capital LLC now owns 438,962 shares of the oil and gas company’s stock valued at $2,528,000 after acquiring an additional 126,881 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

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.