NGL Energy Partners (NYSE:NGL) Shares Up 2.2%

Shares of NGL Energy Partners LP (NYSE:NGL) shot up 2.2% during mid-day trading on Wednesday . The stock traded as high as $6.03 and last traded at $6.03. 44,656 shares changed hands during trading, a decline of 88% from the average session volume of 386,210 shares. The stock had previously closed at $5.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NGL Energy Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th.

NGL Energy Partners Trading Down 0.2 %

The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 5.24. The company has a 50-day simple moving average of $5.85 and a two-hundred day simple moving average of $5.03.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Thursday, February 8th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. NGL Energy Partners had a return on equity of 22.44% and a net margin of 0.34%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $2.05 billion. Sell-side analysts anticipate that NGL Energy Partners LP will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other NGL Energy Partners news, Director James M. Collingsworth purchased 30,101 shares of the stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $5.81 per share, with a total value of $174,886.81. Following the completion of the acquisition, the director now owns 559,601 shares of the company’s stock, valued at $3,251,281.81. The purchase was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in shares of NGL Energy Partners by 143.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,225,500 shares of the oil and gas company’s stock valued at $29,106,000 after purchasing an additional 3,078,422 shares during the period. GSA Capital Partners LLP increased its holdings in shares of NGL Energy Partners by 37.1% during the fourth quarter. GSA Capital Partners LLP now owns 233,701 shares of the oil and gas company’s stock valued at $1,302,000 after purchasing an additional 63,293 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of NGL Energy Partners by 123.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 227,794 shares of the oil and gas company’s stock valued at $1,269,000 after purchasing an additional 125,700 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of NGL Energy Partners during the fourth quarter valued at $28,000. Finally, Corient Private Wealth LLC bought a new position in NGL Energy Partners during the fourth quarter valued at about $56,000. 40.62% of the stock is owned by institutional investors and hedge funds.

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.