NGL Energy Partners (NYSE:NGL – Get Rating) will be releasing its earnings data after the market closes on Wednesday, May 31st. Analysts expect NGL Energy Partners to post earnings of $0.18 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
NGL Energy Partners Price Performance
NYSE NGL opened at $3.15 on Wednesday. The firm’s fifty day simple moving average is $2.88 and its two-hundred day simple moving average is $2.17. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 6.46. NGL Energy Partners has a 12-month low of $1.00 and a 12-month high of $4.03. The firm has a market capitalization of $413.66 million, a P/E ratio of -6.43 and a beta of 1.61.
Hedge Funds Weigh In On NGL Energy Partners
Several hedge funds have recently made changes to their positions in NGL. JPMorgan Chase & Co. increased its position in shares of NGL Energy Partners by 68.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,765,418 shares of the oil and gas company’s stock valued at $5,766,000 after acquiring an additional 1,937,488 shares during the period. Morgan Stanley increased its position in shares of NGL Energy Partners by 55.3% in the 4th quarter. Morgan Stanley now owns 3,731,403 shares of the oil and gas company’s stock valued at $4,515,000 after acquiring an additional 1,329,041 shares during the period. UBS Group AG boosted its holdings in NGL Energy Partners by 131.6% in the first quarter. UBS Group AG now owns 677,164 shares of the oil and gas company’s stock valued at $1,503,000 after purchasing an additional 384,780 shares during the last quarter. Bank of America Corp DE boosted its holdings in NGL Energy Partners by 652.3% in the first quarter. Bank of America Corp DE now owns 368,735 shares of the oil and gas company’s stock valued at $1,069,000 after purchasing an additional 319,718 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in NGL Energy Partners by 102.1% in the first quarter. BNP Paribas Arbitrage SA now owns 411,634 shares of the oil and gas company’s stock valued at $914,000 after purchasing an additional 207,957 shares during the last quarter. 25.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NGL Energy Partners Company Profile
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.
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