NGL Energy Partners (NYSE:NGL) Shares Gap Down – Should You Sell?

Posted by Geri Gentry on Aug 5th, 2026

NGL Energy Partners LP (NYSE:NGL – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $16.39, but opened at $15.00. NGL Energy Partners shares last traded at $15.8320, with a volume of 38,227 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NGL shares. Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on NGL Energy Partners

NGL Energy Partners Stock Down 1.3%

The company has a market cap of $1.97 billion, a PE ratio of -4.81 and a beta of 0.63. The stock’s 50 day simple moving average is $15.82 and its two-hundred day simple moving average is $14.06.

NGL Energy Partners (NYSE:NGL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.37. The company had revenue of $989.99 million during the quarter, compared to analysts’ expectations of $346.13 million. NGL Energy Partners had a negative net margin of 4.51% and a negative return on equity of 47.64%. Analysts forecast that NGL Energy Partners LP will post 0.82 EPS for the current year.

NGL Energy Partners announced that its board has initiated a share buyback plan on Thursday, April 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On NGL Energy Partners

Large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of NGL Energy Partners by 18.7% in the 3rd quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock valued at $70,373,000 after purchasing an additional 1,843,849 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NGL Energy Partners by 9.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock valued at $75,224,000 after buying an additional 651,779 shares during the period. ING Groep NV raised its holdings in NGL Energy Partners by 4.9% in the fourth quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company’s stock valued at $51,748,000 after buying an additional 243,000 shares during the period. JPMorgan Chase & Co. lifted its position in NGL Energy Partners by 0.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,069,571 shares of the oil and gas company’s stock valued at $30,696,000 after buying an additional 28,659 shares in the last quarter. Finally, Angelo Gordon & CO. L.P. purchased a new stake in NGL Energy Partners during the second quarter worth approximately $2,730,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

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.