NGL Energy Partners (NYSE:NGL) Stock Price Down 3.8% - Should You Sell?

NGL Energy Partners LP (NYSE:NGL - Get Free Report)'s stock price dropped 3.8% on Monday . The stock traded as low as $4.06 and last traded at $4.07. Approximately 43,918 shares changed hands during trading, a decline of 88% from the average daily volume of 366,643 shares. The stock had previously closed at $4.23.

NGL Energy Partners Stock Performance

The firm has a market capitalization of $540.65 million, a price-to-earnings ratio of -1.92 and a beta of 1.67. The company has a fifty day moving average of $4.38 and a two-hundred day moving average of $4.93. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.96 and a current ratio of 1.15.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.27). NGL Energy Partners had a negative net margin of 2.28% and a positive return on equity of 36.54%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, equities research analysts predict that NGL Energy Partners LP will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inscription Capital LLC grew its position in NGL Energy Partners by 87.5% during the 3rd quarter. Inscription Capital LLC now owns 105,000 shares of the oil and gas company's stock worth $472,000 after acquiring an additional 49,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners in the 3rd quarter valued at about $46,000. International Assets Investment Management LLC grew its position in shares of NGL Energy Partners by 350.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock valued at $57,000 after buying an additional 9,800 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of NGL Energy Partners in the 3rd quarter valued at about $900,000. Finally, FLC Capital Advisors bought a new stake in shares of NGL Energy Partners in the 3rd quarter valued at about $103,000. 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.

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