NGL Energy Partners (NYSE:NGL) Shares Gap Up - Time to Buy?

Shares of NGL Energy Partners LP (NYSE:NGL - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $4.77, but opened at $4.90. NGL Energy Partners shares last traded at $4.75, with a volume of 11,840 shares traded.

NGL Energy Partners Price Performance

The company has a market capitalization of $607.26 million, a price-to-earnings ratio of -1.83 and a beta of 1.71. The business has a fifty day moving average price of $5.08 and a 200 day moving average price of $4.64.

NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Insider Activity at NGL Energy Partners

In other news, CEO H Michael Krimbill bought 15,000 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now owns 603,000 shares of the company's stock, valued at $2,707,470. This trade represents a 2.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NGL. International Assets Investment Management LLC raised its stake in shares of NGL Energy Partners by 350.0% in the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 9,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NGL Energy Partners in the third quarter valued at $46,000. Stephens Inc. AR raised its stake in shares of NGL Energy Partners by 49.0% in the third quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company's stock valued at $684,000 after purchasing an additional 50,000 shares in the last quarter. ING Groep NV raised its stake in shares of NGL Energy Partners by 5.5% in the third quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company's stock valued at $7,028,000 after purchasing an additional 80,803 shares in the last quarter. Finally, Citigroup Inc. raised its stake 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 purchasing an additional 333,531 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.