What Analysts Recommend for BWP before Its 2Q17 Earnings
About 58.0% of analysts rated Boardwalk Pipeline Partners (BWP) as a “buy,” 33.0% rated it as a “hold,” and the remaining 8.0% rated it as a “sell” on July 24, 2017.
Boardwalk Pipeline Partners’ RSI (relative strength index) was 43.5 on July 24.
Boardwalk Pipeline was trading at a distribution yield of 2.3% on July 24, 2017.
Boardwalk Pipeline Partners’ distribution has remained flat at $0.20 per unit since its distribution cut.
BWP ended 1Q17 with total outstanding debt of ~$3.6 billion, resulting in a net debt-to-EBITDA multiple of 4.3x.
Despite the huge recovery in drilling activity in the Eagle Ford region, natural gas production was still lower in 2Q17 compared to 2Q16.
Boardwalk Pipeline Partners (BWP) is scheduled to release its 2Q17 earnings on July 31, 2017. BWP beat its EBITDA estimate by 7.5% in 1Q17.
Of the analysts surveyed by Reuters, ~96% rated Enterprise Products Partners (EPD) as a “buy,” and ~4% rated the company as a “hold.”
Enterprise Products Partners (EPD) stock is up nearly 2% so far in 2017.
Harvest Fund Advisors, ALPS Advisors, and Tortoise Capital Advisors are the three largest institutional investors in Enterprise Products Partners (EPD) stock after Randa Duncan Williams.
In June 2017, Enterprise Products Partners announced plans to expand the capacity of its Orla natural gas processing plant, which is under construction.
Enterprise Products’ Crude Oil Pipelines & Services segment saw 31% year-over-year growth in its 1Q17 earnings.
Enterprise Products Partners (EPD) plans to report its 2Q17 results on August 3, 2017. Analysts expect EPD’s 2Q17 EBITDA to rise 4.9% to ~$1.4 billion from ~$1.3 billion in 2Q16.
Nearly 64% of the analysts surveyed by Reuters have rated ONEOK as a “hold,” 29% rated it as a “buy,” and 7% rated it as a “sell.”
ONEOK (OKE) is down nearly 7% YTD (year-to-date). In comparison, the Energy Select Sector SPDR ETF (XLE) is down nearly 13% during the same period.
The Vanguard Group, State Street Global Advisors, and Neuberger Berman added total net 2.7 million ONEOK shares to their positions.
According to ONEOK’s 2017 guidance, the company expects to generate cash flow available for dividends of ~$1,245 million–$1,505 million in 2017.
ONEOK’s (OKE) Natural Gas Liquids segment contributed to 60% of its EBITDA for 1Q17. The segment’s 1Q17 EBITDA grew 3% YoY.
ONEOK (OKE) is scheduled to report its 2Q17 earnings on August 1, 2017. Analysts expect its 2Q17 EBITDA to rise 14% to $474 million.
On July 19, 2017, Barclays raised its rating for Plains All American Pipeline (PAA) to “overweight” from “equal weight.”