NGL Energy Partners (NYSE:NGL) Stock Passes Above 200-Day Moving Average of $2.10

NGL Energy Partners LP (NYSE:NGL – Get Rating) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.10 and traded as high as $2.90. NGL Energy Partners shares last traded at $2.89, with a volume of 165,076 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Monday, May 8th.

NGL Energy Partners Price Performance

The firm has a 50-day moving average of $2.95 and a 200-day moving average of $2.10. The firm has a market capitalization of $379.52 million, a P/E ratio of -5.90 and a beta of 1.61. The company has a debt-to-equity ratio of 6.46, a quick ratio of 0.86 and a current ratio of 1.02.

Hedge Funds Weigh In On NGL Energy Partners

Several institutional investors have recently bought and sold shares of NGL. Venturi Wealth Management LLC acquired a new stake in shares of NGL Energy Partners during the fourth quarter worth $25,000. Cadent Capital Advisors LLC lifted its stake in shares of NGL Energy Partners by 71.4% during the fourth quarter. Cadent Capital Advisors LLC now owns 24,850 shares of the oil and gas company’s stock worth $30,000 after buying an additional 10,350 shares during the period. Geneos Wealth Management Inc. lifted its position in NGL Energy Partners by 62.3% during the first quarter. Geneos Wealth Management Inc. now owns 15,000 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 5,758 shares during the period. LexAurum Advisors LLC lifted its position in NGL Energy Partners by 114.0% during the fourth quarter. LexAurum Advisors LLC now owns 29,335 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 15,624 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in NGL Energy Partners in the first quarter valued at $44,000. 25.76% of the stock is owned by hedge funds and other institutional investors.

NGL Energy Partners Company Profile

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NGL Energy Partners LP is an energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process. It also transports, stores, markets, and provides other logistics services for crude oil and liquid hydrocarbons. The firm operates through the following segments: Water Solutions, Crude Oil Logistics, Liquids Logistics, and Corporate & Other.