Short Interest in DCP Midstream Is above the Historical Average
Short interest in DCP Midstream (DCP) as a percentage of float ratio has increased to 4.8%.
Of the analysts covering DCP Midstream, 67% rate it as a “hold,” 22% rate it as a “buy,” and the remaining 11% rate it as a “sell.”
Advisory Research is the largest institutional holder in DCP Midstream, holding 6.3% of the outstanding shares in DCP on February 23, 2017.
DCP Midstream LP (DCP) is currently trading 4.3% above its 50-day simple moving average and 13.3% above its 200-day simple moving average.
DCP Midstream’s EV-to-adjusted EBITDA ratio using a trailing 12-month adjusted EBITDA is 13.0x.
DCP Midstream LP (DCP) has outperformed the Alerian MLP ETF (AMLP) over the past three years in terms of total return.
DCP Midstream LP (DCP), the midstream MLP jointly owned by Spectra Energy (SE) and Phillips 66 (PSX), had a strong start to 2017. DCP, which gained 55.5% during 2016, has risen 4.3% since the beginning of 2017.
Energy Transfer Partners, Energy Transfer Equity, and Sunoco Logistics have “buy,” ratings from 68.4%, 57.9%, and 60% of analysts, respectively.
ETP subsidiary, Lone Star NGL, announced the construction of a fifth fractionator at Mont Belvieu one day after its 4Q16 results.
SXL appears to be well placed for 2017, considering its strong presence in the prolific Permian and Northeast regions.
SXL’s 4Q16 EBITDA rose to $327 million from $317 million in 4Q15—a 3.2% YoY rise.
ETE announced distributable cash flow of $299 million for 4Q16, as compared to $343 million in 4Q15, a YoY decline of 12.8%.
ETP’s Liquids Transportation and Services segment was its top performing segment in 4Q16.
ETE’s earnings are mainly dependent upon distribution income from its subsidiaries, and so ETP’s and SXL’s EBITDA growth drives ETE’s earnings.
Nearly 75.0% of analysts have rated Alon USA Partners (ALDW) a “hold,” and 25.0% have rated it a “buy.”
Alon USA Partners currently expects to pay a distribution for 1Q17.
Alon USA Partners (ALDW) reported its 4Q16 results on February 22, 2017. It reported cash available for distribution of $7.0 million.
Short interest in Crestwood Equity Partners (CEQP) as percentage of float ratio has come down to 1.1%.
Of the analysts that cover Crestwood Equity Partners (CEQP), 60% rate it as a “hold,” 20% rate it as a “buy,” and the remaining 20% rate it as a “sell.”
Crestwood Equity Partners (CEQP) stock fell 2.3% following its 4Q16 earnings announcement.