NGL Energy Partners (NYSE:NGL) Stock Price Down 3.1% – Should You Sell?

NGL Energy Partners LP (NYSE:NGL)’s share price dropped 3.1% during mid-day trading on Wednesday . The company 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 Stock Down 1.3 %

The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52. The stock has a market cap of $714.19 million, a P/E ratio of -2.33 and a beta of 1.72. The company’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.53.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.20). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Equities analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On NGL Energy Partners

Several institutional investors and hedge funds have recently bought and sold shares of NGL. XTX Topco Ltd purchased a new position in shares of NGL Energy Partners during the 3rd quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC bought a new stake in NGL Energy Partners during the 3rd quarter worth approximately $46,000. International Assets Investment Management LLC lifted its holdings 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 in the last quarter. FLC Capital Advisors bought a new position in shares of NGL Energy Partners in the third quarter worth approximately $103,000. Finally, Tidal Investments LLC increased its stake in shares of NGL Energy Partners by 33.3% in the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 8,877 shares in the last quarter. 40.62% of the stock is currently owned by hedge funds and other 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.