90.9% of Analysts Rate EQT Midstream Partners a ‘Buy’
EQT Midstream Partners’ (EQM) shares rose 5.2% on Thursday following its 4Q15 earnings announcement.
EQT Midstream Partners (EQM) reiterated its 2016 EBITDA and DCF forecast in its 4Q15 earnings release.
EQT Midstream Partners (EQM) reported its 4Q15 earnings on February 4, 2016.
Of the analysts surveyed by Bloomberg, 46.7% rate Spectra Energy Corporation (SE) as a “buy,” and 46.7% rate the stock a “hold.” Only 6.6% rate SE a “sell.”
SE expects its distributable cash flows to grow by nearly 6% and reach $1.4 billion in 2016. It expects its EBITDA to grow at a CAGR of 8% through 2018.
For 4Q15, Spectra Energy reported EBITDA of $672 million, compared with $810 million in 4Q14, and EPS of $0.28, missing estimates of ~$0.31 per share.
The median broker target price of $44 for NuStar Energy implies a ~36.0% price return in the next 12 months from its February 3, 2016, closing price of $33.50.
NuStar Energy announced a revised 2016 EBITDA guidance in the 4Q15 earnings release. Its Pipelines segment’s 2016 EBITDA is expected to be $335 million–$355 million, lower than the previous guidance due to the declining Eagle Ford crude oil production.
NuStar Energy reported its 4Q15 earnings on January 29, 2016. NuStar Energy’s 4Q15 EBITDA from continuing operations increased to $150.6 million from $136.0 million in 4Q14, a YoY increase of 10.7%.
On February 3, General Growth Properties’ (GGP) stock closed at $28.10.
General Growth Properties (GGP) management scheduled a conference call to discuss its 4Q15 earnings and provide some outlook on the future.
To lower its effective borrowing costs and extend its maturity profile, GGP was active in unsecured and secured credit markets in fiscal 2015.
General Growth Properties (GGP) has development and redevelopment activities totaling approximately $2.3 billion.
General Growth Properties’ funds from operations per diluted share increased to $0.43 in 4Q15 from $0.38 in 4Q14.
General Growth Properties’ (GGP) same-store occupancy rate fell from 96.7% in 4Q14 to 96.5% in 4Q15.
Minimum rent contributed to 60.1% of General Growth Properties’ total revenue in 4Q15.
General Growth Properties’ FFO (funds from operations) per share for 4Q15 were $0.43, higher than the consensus estimate of $0.42.
Equity Residential upwardly revised its guidance for its 2016 same-store operating performance, normalized FFO per share, and some of its transactions.
Equity Residential’s total revenue for 4Q15 stood at $703.2 million, a rise of 5.8% over 4Q14. On a same-store basis, revenues rose 5.2% to $666.4 million.
Equity Residential had a total of 98,200 same-store apartment units in 4Q15 compared to 98,400 units in 4Q14. All the units were same-store apartment units.