NGL Energy Partners (NYSE:NGL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Posted by Geri Gentry on Jul 1st, 2026

NGL Energy Partners LP (NYSE:NGL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.00 and traded as high as $16.18. NGL Energy Partners shares last traded at $15.9480, with a volume of 229,429 shares.

Wall Street Analyst Weigh In

NGL has been the topic of several recent analyst reports. Weiss Ratings lowered shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Zacks Research upgraded 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Read Our Latest Stock Report on NGL

NGL Energy Partners Trading Down 1.6%

The business has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $13.04. The stock has a market capitalization of $1.96 billion, a P/E ratio of -4.78 and a beta of 0.58.

NGL Energy Partners (NYSE:NGL – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The oil and gas company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.89). The business had revenue of $949.51 million during the quarter, compared to the consensus estimate of $941.52 million. NGL Energy Partners had a negative net margin of 4.51% and a negative return on equity of 47.64%. On average, sell-side analysts forecast that NGL Energy Partners LP will post 0.82 earnings per share for the current fiscal year.

NGL Energy Partners announced that its Board of Directors has approved a stock buyback plan on Thursday, April 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NGL Energy Partners

A number of hedge funds have recently added to or reduced their stakes in NGL. CIBC Bancorp USA Inc. bought a new stake in shares of NGL Energy Partners during the third quarter valued at approximately $70,000. CIBC Private Wealth Group LLC bought a new position in shares of NGL Energy Partners in the 3rd quarter worth $70,000. Massar Capital Management LP lifted its holdings 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 worth $120,000 after purchasing an additional 5,295 shares in the last quarter. LPL Financial LLC acquired a new stake in NGL Energy Partners in the 4th quarter valued at $120,000. Finally, State of Wyoming increased its stake in NGL Energy Partners by 184.0% during 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 in the last quarter. 40.62% of the stock is currently owned by institutional investors.

About NGL Energy Partners

(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.