NGL Energy Partners (NYSE:NGL) Stock Price Down 4.5% – Should You Sell?

NGL Energy Partners LP (NYSE:NGL) was down 4.5% on Monday . The company traded as low as $5.07 and last traded at $5.07. Approximately 41,017 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 464,702 shares. The stock had previously closed at $5.31.

NGL Energy Partners Stock Performance

The company has a 50-day moving average of $4.61 and a 200-day moving average of $4.53. The firm has a market capitalization of $671.95 million, a price-to-earnings ratio of -2.19 and a beta of 1.72. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.56 billion. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. During the same period last year, the company posted ($0.05) earnings per share. On average, equities research analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NGL Energy Partners

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NGL Energy Partners in the third quarter valued at approximately $46,000. XTX Topco Ltd bought a new stake in NGL Energy Partners during the 3rd quarter valued at $46,000. International Assets Investment Management LLC boosted its position in NGL Energy Partners by 350.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 9,800 shares during the period. FLC Capital Advisors bought a new position in shares of NGL Energy Partners in the third quarter worth $103,000. Finally, Van ECK Associates Corp increased its holdings in shares of NGL Energy Partners by 26.4% during the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 5,128 shares during the period. 40.62% of the stock is owned by institutional investors.

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.