NGL Energy Partners (NYSE:NGL) Stock Crosses Above 200 Day Moving Average - What's Next?

Shares of NGL Energy Partners LP (NYSE:NGL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.59 and traded as high as $4.72. NGL Energy Partners shares last traded at $4.66, with a volume of 94,216 shares traded.

NGL Energy Partners Trading Up 3.6 %

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 company's fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.59. The firm has a market cap of $637.62 million, a PE ratio of -2.07 and a beta of 1.75.

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) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.56 billion. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. During the same period last year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its position in shares of NGL Energy Partners by 15.9% in the third quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company's stock valued at $10,922,000 after buying an additional 333,531 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of NGL Energy Partners in the 3rd quarter worth about $900,000. Sanctuary Advisors LLC acquired a new position in NGL Energy Partners during the second quarter valued at approximately $721,000. ING Groep NV boosted its position in NGL Energy Partners by 5.5% during the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company's stock worth $7,028,000 after purchasing an additional 80,803 shares during the period. Finally, ELCO Management Co. LLC raised its holdings in shares of 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 valued at $550,000 after buying an additional 54,375 shares during the period. Hedge funds and other 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.