Natural Gas Pipelines, CO2 Segments Hurt KMI’s 4Q16 Performance
Natural Gas Pipelines is Kinder Morgan’s largest business segment in terms of EBDA.
Of the analysts surveyed by Reuters, ~66.7% rated Kinder Morgan (KMI) a “buy,” while ~33.3% rated it as a “hold.”
Kinder Morgan (KMI) reduced its net debt by $3.1 billion in 2016.
Kinder Morgan (KMI) reported its 4Q16 results on January 18, 2017, after the market closed.
Stocks of the Energy Transfer group companies fell following the announcement of the environmental study of DAPL.
DAPL is part of the $4.8 billion Bakken Pipeline project to move crude oil from the Bakken Shale formation to Gulf Coast refineries.
Williams Partners (WPZ) was upgraded by Raymond James from “market perform” to “strong buy” last week.
MPLX was upgraded last week by Wells Fargo from “market perform” to “outperform.” That’s equivalent to a “buy.”
Crestwood Equity Partners (CEQP) has been upgraded by Raymond James from “market perform” to “outperform,” which is equivalent to a “buy.”
EnLink Midstream Partners (ENLK) was upgraded by Raymond James from “market perform” to “outperform,” which is equivalent to a “buy.”
Sunoco Logistics Partners (SXL) has been upgraded by Wall Street analysts for the third time in the past two months.
Raymond James has upgraded Targa Resources (TRGP) from “market perform” to “outperform,” which is equivalent to a “buy.”
Oneok (OKE), the midstream C corporation GP (general partner) of Oneok Partners (OKS), was downgraded by Jefferies from “hold” to “underperform.”
Energy Transfer Equity (ETE) and its midstream subsidiary Energy Transfer Partners (ETP) were downgraded last week.
Noble Midstream Partners (NBLX) targets a long-term distribution per unit growth rate of 20%.
On January 16, 2017, Noble Energy (NBL) announced an agreement to acquire all of the outstanding common stock of Clayton Williams Energy (CWEI) for $2.7 billion in stock and cash.
According to its trailing-12-month EBITDA (earnings before interest, tax, depreciation, and amortization), Phillips 66 Partners is trading at an EV-to-EBITDA of ~15.5x.
Of the analysts surveyed by Reuters, 63% rated Phillips 66 Partners (PSXP) as a “buy,” and 31% rated it as a “hold.” 6% of the surveyed analysts rated PSXP as a “sell.”
Phillips 66 Partners’ (PSXP) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 2.8x.
Of the top ten largest institutional owners of Philips 66 Partners’ (PSXP) stock, nine increased their holdings in PSXP according to their latest filings.