NGL Energy Partners (NYSE:NGL) Stock Price Down 15.6% - Time to Sell?

Shares of NGL Energy Partners LP (NYSE:NGL - Get Free Report) dropped 15.6% during trading on Friday . The stock traded as low as $3.89 and last traded at $3.86. Approximately 695,837 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 356,309 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

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

NGL Energy Partners Stock Up 6.7 %

The stock has a market cap of $452.14 million, a PE ratio of -1.36 and a beta of 1.24. The business has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.67.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) EPS 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%. On average, research analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

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Insider Activity at NGL Energy Partners

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

Institutional Trading of NGL Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in NGL Energy Partners during the third quarter worth $46,000. Raymond James Financial Inc. purchased a new position in NGL Energy Partners in the 4th quarter valued at about $55,000. one8zero8 LLC acquired a new stake in NGL Energy Partners in the 4th quarter worth about $58,000. Two Sigma Securities LLC purchased a new stake in NGL Energy Partners during the 4th quarter worth approximately $59,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of NGL Energy Partners during the fourth quarter valued at approximately $61,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

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.