Why Are Analysts Bullish on Phillips 66 Partners after 1Q16?
Of the analysts surveyed by Bloomberg, 73% rate Phillips 66 Partners (PSXP) a “buy,” and 27% rate it a “hold.” None of the analysts rate it a “sell.”
Phillips 66 Partners (PSXP) reported its 1Q16 results on April 29, 2016. It reported distributable cash flow that was 13% lower than 4Q15.
The Alerian MLP ETF (AMLP) was trading at a yield of 9.8% for the week ending April 29. The yield remained flat compared to the previous week.
NYMEX near-month WTI crude oil futures prices rose 5.0% in the week ending April 29. WTI crude oil prices closed at $45.9 per barrel on April 29.
According to data released on April 28, US crude oil inventories rose 0.4% in the week ending April 15. The inventories were mainly driven by lower refinery utilization.
Ethane prices rallied for the fourth consecutive week ending April 29, 2016. Mont Belvieu ethane prices rose 3.1% to $0.21 per gallon during the week.
The Henry Hub–Mont Belvieu fractionation spread rose to $12.9 per barrel in the week ending April 29. It was $12.1 per barrel in the previous week.
NYMEX near-month Henry Hub natural gas futures contracts bounced back on April 28 and April 29 after falling below $2 on April 27, 2016.
In this article, we’ll look at what Wall Street analysts recommend for the three major MLPs of Energy Transfer Group—Energy Transfer Partners (ETP), Energy Transfer Equity (ETE), and Sunoco Logistics Partners (SXL).
Energy Transfer Equity (ETE) is among the most-talked-about companies in the midstream energy sector following its merger agreement with Williams Companies (WMB).
Sunoco Logistics Partners’ (SXL) Crude Oil Pipelines segment provides crude oil transportation services. Crude Oil Pipelines is SXL’s largest business segment.
Energy Transfer Partners’ (ETP) Midstream segment mainly provides natural gas gathering and processing services.
In this post, we’ll discuss Sunoco Logistics Partners’ (SXL) 1Q16 EBITDA estimates.
Energy Transfer Equity (ETE) and its midstream subsidiaries, Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), are expected to release their 1Q16 earnings on May 4.
The median target price of $91 for EQT Midstream Partners (EQM) implies a 16.6% return in the next 12 months from its closing price of $78.10 on April 28, 2016.
EQT Midstream Partners’ (EQM) shares rose 0.61% on Thursday following its earnings announcement.
Enterprise Products Partners (EPD) is up nearly 6% in 2016. It fell 1.2% on the day of the earnings announcement. The decline may not be attributed to the results.
NGL Pipelines & Services is Enterprise Products Partners’ biggest segment. It contributed 59% of the company’s EBITDA in 1Q16.
Enterprise Products Partners (EPD) reported its 1Q16 results on April 28, 2016. The company reported distributable cash flow of $1,054 million.
EQT Midstream Partners (EQM) declared a distribution of $0.75 per unit for 1Q16. This represents a 22.0% increase over 1Q15.