NGL Energy Partners Stock Performance
Shares of NYSE NGL opened at $1.45 on Monday. The company has a debt-to-equity ratio of 8.71, a quick ratio of 1.04 and a current ratio of 1.26. The stock has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.83. The stock has a market capitalization of $189.51 million, a PE ratio of -1.41 and a beta of 2.11. NGL Energy Partners has a 52 week low of $1.33 and a 52 week high of $2.91.
Hedge Funds Weigh In On NGL Energy Partners
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. lifted its stake in NGL Energy Partners by 82.2% in the second quarter. Prescott Group Capital Management L.L.C. now owns 3,720,888 shares of the oil and gas company’s stock valued at $5,656,000 after acquiring an additional 1,678,166 shares during the last quarter. UBS Group AG lifted its stake in NGL Energy Partners by 131.6% in the 1st quarter. UBS Group AG now owns 677,164 shares of the oil and gas company’s stock valued at $1,503,000 after purchasing an additional 384,780 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in NGL Energy Partners by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 570,322 shares of the oil and gas company’s stock worth $1,266,000 after purchasing an additional 19,224 shares during the period. Cushing Asset Management LP acquired a new position in NGL Energy Partners during the fourth quarter worth approximately $920,000. Finally, BNP Paribas Arbitrage SA raised its stake in NGL Energy Partners by 102.1% in the first quarter. BNP Paribas Arbitrage SA now owns 411,634 shares of the oil and gas company’s stock valued at $914,000 after buying an additional 207,957 shares during the period. 27.02% of the stock is owned by institutional investors.
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.
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