NGL Energy Partners (NYSE:NGL) Sees Large Volume Increase - Should You Buy?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) saw strong trading volume on Friday . 775,629 shares changed hands during mid-day trading, an increase of 61% from the previous session's volume of 480,973 shares.The stock last traded at $4.81 and had previously closed at $4.51.

NGL Energy Partners Stock Up 0.9 %

The firm has a market capitalization of $651.48 million, a P/E ratio of -2.13 and a beta of 1.71. The firm's 50-day simple moving average is $5.08 and its 200-day simple moving average is $4.62.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. As a group, analysts expect that NGL Energy Partners LP will post 0.11 EPS for the current fiscal year.

Insider Transactions at NGL Energy Partners

In other NGL Energy Partners news, CEO H Michael Krimbill purchased 15,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $4.49 per share, with a total value of $67,350.00. Following the completion of the purchase, the chief executive officer now owns 603,000 shares of the company's stock, valued at $2,707,470. The trade was a 2.55 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On NGL Energy Partners

Several institutional investors and hedge funds have recently made changes to their positions in NGL. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in NGL Energy Partners during the third quarter valued at about $900,000. International Assets Investment Management LLC lifted its stake in shares of NGL Energy Partners by 350.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock valued at $57,000 after acquiring an additional 9,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in NGL Energy Partners during the 3rd quarter valued at about $46,000. Inscription Capital LLC grew its position in NGL Energy Partners by 87.5% during the 3rd quarter. Inscription Capital LLC now owns 105,000 shares of the oil and gas company's stock worth $472,000 after acquiring an additional 49,000 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in NGL Energy Partners by 49.0% in the 3rd quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company's stock worth $684,000 after purchasing an additional 50,000 shares during the period. Institutional investors own 40.62% of the company's stock.

About NGL Energy Partners

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.