NGL Energy Partners (NYSE:NGL - Get Free Report) posted its earnings results on Tuesday. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.20), Zacks reports. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share.
NGL Energy Partners Stock Performance
Shares of NGL Energy Partners stock traded down $0.11 on Friday, hitting $4.29. The stock had a trading volume of 138,756 shares, compared to its average volume of 361,376. The company's 50 day moving average price is $4.38 and its 200 day moving average price is $4.77. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 28.52. The stock has a market cap of $566.32 million, a price-to-earnings ratio of -1.85 and a beta of 1.70. NGL Energy Partners has a 52-week low of $3.84 and a 52-week high of $6.20.
About NGL Energy Partners
(
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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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