NGL Energy Partners (NYSE:NGL) Shares Down 3.1% – Time to Sell?

NGL Energy Partners LP (NYSE:NGL)’s share price dropped 3.1% during mid-day trading on Wednesday . The stock traded as low as $5.27 and last traded at $5.31. Approximately 68,575 shares were traded during trading, a decline of 81% from the average daily volume of 358,990 shares. The stock had previously closed at $5.48.

NGL Energy Partners Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 28.52. The firm’s fifty day moving average price is $4.71 and its 200 day moving average price is $4.53. The stock has a market cap of $714.19 million, a PE ratio of -2.33 and a beta of 1.72.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The company had revenue of $1.35 billion for 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 last year, the company earned ($0.05) EPS. As a group, equities analysts expect that NGL Energy Partners LP will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On NGL Energy Partners

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of NGL Energy Partners during the 3rd quarter valued at approximately $46,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NGL Energy Partners during the third quarter valued at $46,000. International Assets Investment Management LLC lifted 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 purchasing an additional 9,800 shares during the last quarter. FLC Capital Advisors purchased a new position in shares of NGL Energy Partners in the 3rd quarter worth $103,000. Finally, Tidal Investments LLC increased its holdings in shares of NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after buying an additional 8,877 shares during the last quarter. Hedge funds and other 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.