NGL Energy Partners (NYSE:NGL) Shares Gap Down – Time to Sell?

Posted by Brian Himes on May 29th, 2026

NGL Energy Partners LP (NYSE:NGL – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $16.28, but opened at $15.55. NGL Energy Partners shares last traded at $17.0350, with a volume of 53,717 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NGL. Weiss Ratings reissued a “hold (c)” rating on shares of NGL Energy Partners in a report on Monday, April 27th. Zacks Research raised NGL Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, NGL Energy Partners currently has an average rating of “Hold”.

Check Out Our Latest Research Report on NGL Energy Partners

NGL Energy Partners Stock Performance

The company has a fifty day simple moving average of $14.65 and a two-hundred day simple moving average of $12.03. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 422.23 and a beta of 0.58.

NGL Energy Partners declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On NGL Energy Partners

Several hedge funds and other institutional investors have recently modified their holdings of NGL. CIBC Bancorp USA Inc. bought a new position in shares of NGL Energy Partners in the 3rd quarter valued at $70,000. CIBC Private Wealth Group LLC bought a new position in shares of NGL Energy Partners in the 3rd quarter valued at $70,000. Massar Capital Management LP increased its stake in shares of NGL Energy Partners by 23.2% in the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 5,295 shares during the last quarter. LPL Financial LLC bought a new position in shares of NGL Energy Partners in the 4th quarter valued at $120,000. Finally, State of Wyoming increased its stake in shares of NGL Energy Partners by 184.0% in the 2nd 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. Institutional investors own 40.62% of the company’s stock.

NGL Energy Partners Company Profile

(Get Free Report)

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.