NGL Energy Partners (NYSE:NGL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of NGL Energy Partners (NYSE:NGL - Free Report) from a hold rating to a buy rating in a research report report published on Monday.

NGL Energy Partners Price Performance

Shares of NYSE:NGL traded down $0.18 on Monday, hitting $4.54. The company's stock had a trading volume of 25,502 shares, compared to its average volume of 489,489. The company has a market capitalization of $599.74 million, a PE ratio of -1.80 and a beta of 1.71. The company has a 50-day simple moving average of $5.08 and a 200 day simple moving average of $4.66. NGL Energy Partners has a 1 year low of $3.84 and a 1 year high of $6.20.

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) earnings per share (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, equities research analysts expect that NGL Energy Partners will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at NGL Energy Partners

In other news, CEO H Michael Krimbill acquired 15,000 shares of NGL Energy Partners stock in a transaction that occurred on Thursday, February 13th. The stock was bought 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 $2,707,470. The trade was a 2.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in NGL Energy Partners by 27.3% during the 4th quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company's stock valued at $33,996,000 after buying an additional 1,461,754 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of NGL Energy Partners by 15.9% in the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company's stock valued at $10,922,000 after acquiring an additional 333,531 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NGL Energy Partners by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company's stock worth $22,539,000 after acquiring an additional 154,098 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in NGL Energy Partners by 282.7% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company's stock worth $608,000 after buying an additional 90,000 shares during the last quarter. Finally, Invesco Ltd. lifted its position in NGL Energy Partners by 0.4% during the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company's stock worth $98,039,000 after buying an additional 85,000 shares in the last quarter. Hedge funds and other 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.