NGL Energy Partners LP (NYSE:NGL - Get Free Report)'s share price rose 9.5% on Thursday . The stock traded as high as $4.60 and last traded at $4.61. Approximately 634,282 shares were traded during trading, an increase of 41% from the average daily volume of 450,013 shares. The stock had previously closed at $4.21.
NGL Energy Partners Trading Up 9.0 %
The firm's 50 day moving average is $5.07 and its two-hundred day moving average is $4.61. The firm has a market cap of $648.83 million, a P/E ratio of -2.12 and a beta of 1.71.
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) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. Analysts predict that NGL Energy Partners LP will post 0.11 EPS for the current fiscal year.
Institutional Trading of NGL Energy Partners
A number of institutional investors have recently made changes to their positions in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in NGL Energy Partners during the third quarter worth $900,000. International Assets Investment Management LLC increased its holdings in NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock worth $57,000 after buying an additional 9,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in NGL Energy Partners during the third quarter worth $46,000. Inscription Capital LLC increased its holdings in NGL Energy Partners by 87.5% during the third quarter. Inscription Capital LLC now owns 105,000 shares of the oil and gas company's stock worth $472,000 after buying an additional 49,000 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in NGL Energy Partners by 49.0% during the third quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company's stock worth $684,000 after buying an additional 50,000 shares during the last quarter. Institutional investors own 40.62% of the company's stock.
NGL Energy Partners Company Profile
(
Get Free Report)
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.
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