NGL Energy Partners (NYSE:NGL) Shares Cross Above Two Hundred Day Moving Average - What's Next?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.54 and traded as high as $5.23. NGL Energy Partners shares last traded at $5.18, with a volume of 683,070 shares trading hands.

NGL Energy Partners Stock Performance

The company's fifty day moving average price is $4.53 and its two-hundred day moving average price is $4.54. The firm has a market capitalization of $700.99 million, a PE ratio of -2.29 and a beta of 1.72. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.98 and a current ratio of 1.21.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.20). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned ($0.05) EPS. As a group, equities analysts expect that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Institutional Trading of NGL Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company's stock valued at $124,000 after purchasing an additional 5,128 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in shares of NGL Energy Partners by 11.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 68,234 shares of the oil and gas company's stock valued at $345,000 after buying an additional 6,834 shares during the period. ELCO Management Co. LLC lifted its position in NGL Energy Partners by 100.1% during the 2nd quarter. ELCO Management Co. LLC now owns 108,670 shares of the oil and gas company's stock worth $550,000 after acquiring an additional 54,375 shares in the last quarter. NBW Capital LLC lifted its position in NGL Energy Partners by 3.0% during the 2nd quarter. NBW Capital LLC now owns 451,947 shares of the oil and gas company's stock worth $2,287,000 after acquiring an additional 12,985 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in NGL Energy Partners by 13.2% in the 2nd quarter. Cetera Investment Advisers now owns 281,019 shares of the oil and gas company's stock worth $1,422,000 after acquiring an additional 32,800 shares during the period. Institutional investors and hedge funds 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.