NGL Energy Partners (NYSE:NGL) Stock Rating Lowered by StockNews.com

NGL Energy Partners (NYSE:NGL - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

NGL Energy Partners Trading Down 0.5 %

Shares of NGL traded down $0.02 during midday trading on Monday, hitting $3.15. 113,594 shares of the company's stock traded hands, compared to its average volume of 383,064. NGL Energy Partners has a 1 year low of $2.64 and a 1 year high of $6.08. The firm's fifty day moving average is $4.16 and its 200-day moving average is $4.55. The stock has a market capitalization of $415.18 million, a price-to-earnings ratio of -1.25 and a beta of 1.24.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. On average, equities research analysts anticipate that NGL Energy Partners will post -0.22 EPS for the current year.

Insider Activity

In related news, CEO H Michael Krimbill bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $4.49 per share, with a total value of $67,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 603,000 shares in the company, valued at approximately $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 link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of NGL Energy Partners by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company's stock worth $22,539,000 after purchasing an additional 154,098 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in NGL Energy Partners by 282.7% during 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 in the last quarter. Van ECK Associates Corp raised its holdings in shares of NGL Energy Partners by 42.4% during the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company's stock valued at $158,000 after acquiring an additional 9,426 shares during the last quarter. Invesco Ltd. lifted its position in shares of NGL Energy Partners by 0.4% in the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company's stock valued at $98,039,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of NGL Energy Partners in the fourth quarter worth approximately $55,000. 40.62% of the stock is 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.