NGL Energy Partners (NYSE:NGL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of NGL Energy Partners LP (NYSE:NGL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.22 and traded as high as $6.71. NGL Energy Partners shares last traded at $6.62, with a volume of 724,775 shares trading hands.

NGL Energy Partners Trading Up 2.3%

The firm has a 50 day moving average price of $4.89 and a 200 day moving average price of $4.22. The stock has a market capitalization of $846.35 million, a PE ratio of -16.15 and a beta of 0.41.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, August 7th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. The company had revenue of $622.16 million for the quarter, compared to analysts’ expectations of $983.50 million. On average, equities research analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current year.

Insider Buying and Selling at NGL Energy Partners

In related news, Director James M. Collingsworth acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $580,000.00. Following the purchase, the director owned 729,500 shares in the company, valued at $4,231,100. The trade was a 15.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On NGL Energy Partners

Several large investors have recently added to or reduced their stakes in the company. Windsor Advisory Group LLC bought a new position in shares of NGL Energy Partners in the first quarter worth approximately $45,000. State of Wyoming purchased a new position in shares of NGL Energy Partners during the 1st quarter valued at $51,000. CreativeOne Wealth LLC lifted its stake in shares of NGL Energy Partners by 15.7% during the 2nd quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 2,400 shares in the last quarter. Massar Capital Management LP boosted its holdings in NGL Energy Partners by 23.2% in the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after buying an additional 5,295 shares during the period. Finally, Jane Street Group LLC purchased a new stake in NGL Energy Partners in the 4th quarter worth $182,000. Hedge funds and other institutional investors 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.