NGL Energy Partners (NYSE:NGL) Shares Gap Down – Time to Sell?

Shares of NGL Energy Partners LP (NYSE:NGL) gapped down before the market opened on Monday . The stock had previously closed at $4.82, but opened at $4.65. NGL Energy Partners shares last traded at $4.65, with a volume of 20,471 shares traded.

NGL Energy Partners Stock Up 0.8 %

The firm has a market capitalization of $628.37 million, a P/E ratio of -2.05 and a beta of 1.75. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $4.65. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.98 and a current ratio of 1.21.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.20). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company posted ($0.05) earnings per share. As a group, equities research analysts predict that NGL Energy Partners LP will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in NGL Energy Partners by 26.4% in 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 buying an additional 5,128 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in NGL Energy Partners by 11.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 68,234 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 6,834 shares during the period. Tidal Investments LLC lifted its position in shares of NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 8,877 shares during the period. International Assets Investment Management LLC grew its holdings 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. Finally, XTX Topco Ltd acquired a new stake in NGL Energy Partners during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.