NGL Energy Partners (NYSE:NGL) Shares Gap Down - Time to Sell?

NGL Energy Partners LP (NYSE:NGL - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $4.68, but opened at $4.50. NGL Energy Partners shares last traded at $4.66, with a volume of 168,749 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised NGL Energy Partners from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th.

NGL Energy Partners Stock Down 0.6 %

The firm has a market capitalization of $607.26 million, a PE ratio of -1.83 and a beta of 1.73. The firm's fifty day simple moving average is $4.92 and its 200-day simple moving average is $4.71.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings results 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 return on equity of 29.77% and a negative net margin of 3.57%. As a group, analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Remove Ads

Insider Transactions at NGL Energy Partners

In related news, CEO H Michael Krimbill bought 15,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the purchase, the chief executive officer now owns 603,000 shares in the company, valued at approximately $2,707,470. This represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NGL. XTX Topco Ltd bought a new position in shares of NGL Energy Partners in the 3rd quarter worth approximately $46,000. Raymond James Financial Inc. bought a new stake in shares of NGL Energy Partners during the 4th quarter valued at $55,000. one8zero8 LLC purchased a new stake in shares of NGL Energy Partners in the 4th quarter worth $58,000. Two Sigma Securities LLC bought a new position in NGL Energy Partners in the 4th quarter worth $59,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in NGL Energy Partners during the fourth quarter valued at $61,000. Institutional investors 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.