NGL Energy Partners (NYSE:NGL) Issues Earnings Results

NGL Energy Partners (NYSE:NGLGet Free Report) posted its quarterly earnings data on Thursday. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.57), reports. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.97 billion. NGL Energy Partners had a positive return on equity of 16.49% and a negative net margin of 2.07%.

NGL Energy Partners Price Performance

NGL stock opened at $5.47 on Friday. NGL Energy Partners has a 52 week low of $3.56 and a 52 week high of $6.20. The company has a debt-to-equity ratio of 5.24, a quick ratio of 1.05 and a current ratio of 1.23. The company’s 50-day simple moving average is $5.79 and its 200 day simple moving average is $5.51.

Institutional Trading of NGL Energy Partners

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of NGL Energy Partners by 42.4% during the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 11,419 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in NGL Energy Partners during the 1st quarter worth $271,000. Janney Montgomery Scott LLC raised its holdings in NGL Energy Partners by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after acquiring an additional 2,845 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in NGL Energy Partners by 3.4% in the 1st quarter. BNP Paribas Financial Markets now owns 585,490 shares of the oil and gas company’s stock valued at $3,372,000 after acquiring an additional 19,373 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of NGL Energy Partners during the 1st quarter valued at $288,000. Institutional investors own 40.62% of the company’s stock.

About NGL Energy Partners

(Get Free Report)

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.

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Earnings History for NGL Energy Partners (NYSE:NGL)

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