NGL Energy Partners (NYSE:NGL) Sees Strong Trading Volume – Should You Buy?

NGL Energy Partners LP (NYSE:NGL) shares saw unusually-high trading volume on Friday . Approximately 775,629 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 480,973 shares.The stock last traded at $4.81 and had previously closed at $4.51.

NGL Energy Partners Trading Up 5.4 %

The firm’s fifty day moving average price is $5.06 and its 200-day moving average price is $4.61. The firm has a market cap of $627.71 million, a price-to-earnings ratio of -2.05 and a beta of 1.71.

NGL Energy Partners (NYSE:NGL) last issued its 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 net margin of 2.87% and a positive return on equity of 77.15%. On average, sell-side analysts expect that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NGL. XTX Topco Ltd purchased a new stake in NGL Energy Partners in the 3rd quarter valued at $46,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NGL Energy Partners in the 3rd quarter valued at $46,000. Raymond James Financial Inc. purchased a new stake in NGL Energy Partners in the 4th quarter valued at $55,000. International Assets Investment Management LLC raised its position in NGL Energy Partners by 350.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 9,800 shares during the last quarter. Finally, one8zero8 LLC purchased a new stake in NGL Energy Partners in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

About NGL Energy Partners

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.