NEW YORK (TheStreet) -- Shares of NGL Energy Partners (NGL) - Get Report were falling 5.2% to $27.47 on heavy trading volume after the oil and gas company priced its public offering of 6.25 million common units.

The company priced the 6.25 million common units in the public offering at $27.57 a common unit. The underwriters of the offering have a 30-day option to buy up to an additional 937,500 common units.

NGL Energy Partners said it plans to use the net proceeds from the offering to repay borrowings under its revolving credit facility and for general partnership purposes. Those general partnership purposes include capital expenditures and potential acquisitions.

The company said it expects the offering to close on March 11, 2015, subject to customary closing conditions.

About 2.2 million shares of NGL Energy Partners were traded by 10:16 a.m., above the average trading volume of about 487,000 shares a day.

TheStreet Ratings team rates NGL ENERGY PARTNERS LP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NGL ENERGY PARTNERS LP (NGL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• NGL's very impressive revenue growth greatly exceeded the industry average of 18.7%. Since the same quarter one year prior, revenues leaped by 65.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
• Net operating cash flow has increased to $143.48 million or 26.39% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -12.58%.
• The share price of NGL ENERGY PARTNERS LP has not done very well: it is down 19.34% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
• The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, NGL ENERGY PARTNERS LP's return on equity significantly trails that of both the industry average and the S&P 500.
• The gross profit margin for NGL ENERGY PARTNERS LP is currently extremely low, coming in at 5.32%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -0.23% trails that of the industry average.
• You can view the full analysis from the report here: NGL Ratings Report