Why These Energy Stocks Are Losing This Week

5. NGL Energy Partners LP (NYSE:NGL)

Share Price Decline Between Sep 18 – Sep 25: 8.91%

NGL Energy Partners LP (NYSE:NGL) is a diversified midstream MLP that provides multiple services to producers and end-users, including transportation, storage, blending, and marketing of crude oil, NGLs, refined products/renewables, and water solutions.

NGL Energy Partners LP (NYSE:NGL) hit a 5-year high last week after it was revealed that the company’s director, James Collingsworth, has made a significant investment in NGL by purchasing 100,000 shares of its common stock, valued at around $580,000. The move reflected the director’s confidence in the company’s future success, boosting investor confidence.

So the recent fall in share price could be due to investors cashing in their profits. However, despite the downturn, the NGL stock has surged by almost 37% over the last six months.