NGL Energy Partners (NYSE:NGL) Issues Quarterly Earnings Results

NGL Energy Partners (NYSE:NGL) announced its quarterly earnings data on Tuesday. The oil and gas company reported $0.02 earnings per share for the quarter, Zacks reports. NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%.

NGL Energy Partners Trading Up 0.2%

NYSE:NGL traded up $0.02 during mid-day trading on Tuesday, hitting $6.79. The stock had a trading volume of 275,306 shares, compared to its average volume of 486,056. The stock has a market capitalization of $867.57 million, a price-to-earnings ratio of -16.55 and a beta of 0.38. The company has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $4.72. NGL Energy Partners has a 52 week low of $2.64 and a 52 week high of $7.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NGL Energy Partners in a report on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Insiders Place Their Bets

In other news, Director James M. Collingsworth acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $580,000.00. Following the transaction, the director directly owned 729,500 shares in the company, valued at $4,231,100. This trade represents a 15.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of NGL Energy Partners

Several hedge funds have recently bought and sold shares of the company. Massar Capital Management LP raised its position in shares of NGL Energy Partners by 23.2% during 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 in the last quarter. State of Wyoming lifted its stake in NGL Energy Partners by 184.0% during the second quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 20,864 shares during the last quarter. Jump Financial LLC boosted its holdings in NGL Energy Partners by 223.4% during the second quarter. Jump Financial LLC now owns 224,779 shares of the oil and gas company’s stock worth $960,000 after buying an additional 155,279 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in NGL Energy Partners by 58.9% during the second quarter. Nomura Holdings Inc. now owns 455,183 shares of the oil and gas company’s stock worth $1,944,000 after buying an additional 168,772 shares in the last quarter. Finally, Angelo Gordon & CO. L.P. bought a new stake in NGL Energy Partners during the second quarter worth approximately $2,730,000. 40.62% of the stock is currently owned by institutional investors.

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.