NGL Energy Partners (NYSE:NGL) Upgraded at StockNews.com

StockNews.com upgraded shares of NGL Energy Partners (NYSE:NGL) from a hold rating to a buy rating in a report issued on Monday.

NGL Energy Partners Trading Up 0.3 %

Shares of NGL Energy Partners stock opened at $4.71 on Monday. The stock has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $4.66. NGL Energy Partners has a 12-month low of $3.84 and a 12-month high of $6.20. The company has a market capitalization of $621.12 million, a P/E ratio of -1.87 and a beta of 1.71.

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

Insider Buying and Selling at NGL Energy Partners

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 15,000 shares of NGL Energy Partners stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $4.49 per share, for a total transaction of $67,350.00. Following the purchase, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at $2,707,470. This trade represents a 2.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of NGL Energy Partners during the 3rd quarter worth $46,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NGL Energy Partners during the 3rd quarter worth $46,000. Raymond James Financial Inc. bought a new position in shares of NGL Energy Partners during the 4th quarter worth $55,000. International Assets Investment Management LLC grew its stake in shares of 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, one8zero8 LLC bought a new position in shares of NGL Energy Partners during the 4th quarter worth $58,000. Institutional investors own 40.62% of the company’s stock.

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.