Crude oil prices began falling in 2Q14, driven by growing global crude supplies and weakened demand. In this series, we’ll look at the top ten MLPs based on their three-year total returns.
Genesis Energy was trading 8.5% below its 50-day simple moving average and 22.1% below its 200-day simple moving average as of October 13.
Several MLPs saw rating updates in the week ending October 13. Seaport Global Securities initiated coverage on well-known MLPs.
Navios Maritime Midstream Partners (NAP) was the highest MLP gainer in the week ending October 13. It rose 11.4% during the week.
EV Energy Partners (EVEP) continued to be among the top MLP losers in the week ending October 13. EV Energy Partners fell 17.8% during the week.
MLPs were weak in the week ending October 13, 2017, after rising for two consecutive weeks. They were weak despite a recovery in crude oil prices.
The short interest as a percentage of float in Kinder Morgan (KMI) is 2.1%. It’s higher compared to 1.9% at the end of September.
Kinder Morgan (KMI) fell 1.4% in the week ending October 13, 2017. Enterprise Products Partners (EPD) and ONEOK (OKE) rose nearly 0.5% for the week.
The distribution cut might have shocked Genesis Energy’s (GEL) investors, but it shouldn’t have come as a surprise. Investors should have seen it coming.
Genesis Energy (GEL) saw some rating updates and target price cuts following the distribution cut announcement.
Genesis Energy (GEL), the Texas-based midstream MLP, shocked its investors with a distribution cut announcement on October 12, 2017.
Energy Transfer Equity (ETE) was trading at a price-to-distributable cash flow ratio of 19.0x as of October 11, 2017, above its last-ten-quarter average of 18.0x. Energy Transfer Equity was trading at…
Energy Transfer Equity’s 30-day implied volatility was 23.8% as of September 27, 2017, which is slightly below its 15-day average of 24.0%. Meanwhile, peers Kinder Morgan (KMI) and Williams Companies (WMB)…
Energy Transfer Equity (ETE) has surpassed its longer-term (200-day) moving average, driven by the recent rally. ETE was trading 4.5% above its 50-day SMA (simple moving average) and 1.1% below…
Energy Transfer Equity (ETE) had a strong start to October. It had rallied 4.9% as of October 11, 2017.
Williams Companies’ forward EV-to-EBITDA multiple was 11.5x as of October 12, 2017. It’s below the historical five-year, two-year, and one-year average.
Williams Companies’ (WMB) 30-day implied volatility was 18.4% as of October 12, 2017, which is slightly higher than the last 15-day average of 18.3%.
Williams Companies was trading 0.5% above its 50-day simple moving average and 1.4% above its 200-day simple moving average as of October 12, 2017.
William Companies has been underperforming the Alerian MLP ETF (AMLP) since the beginning of this month. Williams Companies has risen 0.5% in October.
According to Enterprise Products Partners, the lower distribution growth rate enhances the company’s financial flexibility.