Hi-Crush Partners (HCLP) has lost 20.3% since the beginning of June, and it has dropped 47.5% in 2017 year-to-date.
EQM stock rallied 3.8% following the merger announcement concerning EQT Corporation (EQT) and Rice Energy. However, these gains were slightly offset by its decline on Tuesday, June 20.
Energy Transfer Partners saw a new year-to-date low of $18.80 following its plunge on June 20, 2017.
Of the analysts that cover EnLink Midstream Partners, 52.6% rated it as a “hold” on June 20, 2017. Plus, 42.1% rated it as a “buy,” and the remaining 5.3% rated it as a “sell.”
Of the analysts surveyed by Reuters, 56.3% rated DCP Midstream as a “hold,” 31.3% rated it as a “buy,” and the remaining 12.4% rated it as a “sell” on June 21, 2017.
EEP fell 2.0% on June 19 as crude oil entered the bear market. The partnership saw a new YTD low of $14.97, which is just 2% above the 52-week low of $14.67.
Of the analyst surveyed by Reuters, 52.9% rated Buckeye Partners )BPL) as a “hold,” and the remaining 47.1% rate it as a “buy” on June 21, 2017. The partnership has no “sell” recommendations.
MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.
EQT Midstream Partners (EQM) has “buy” ratings from 89.0% of analysts surveyed by Reuters.
EQT Midstream Partners (EQM) is trading at a significant discount to its historical levels, driven by the recent weakness.
Most midstream companies are currently trading below their historical averages due to the recent slump in commodity prices.
On Monday, June 19, 2017, EQT Corporation (EQT) announced its acquisition of Rice Energy (RICE) for $6.7 billion.
KMI stock is still trading well below its 50-day and 200-day moving averages.
Kinder Morgan (KMI) gained 0.6% in the week ended June 16, 2017. KMI has risen 3.5% since May 30, 2017.
On June 15, 2017, Morgan Stanley upgraded its rating for Enterprise Products Partners (EPD) from “equal-weight” to “overweight.”
The Alerian MLP ETF (AMLP), a top MLP ETF, witnessed a net outflow of $9.5 million for the week ending June 16, 2017.
So far, Energy Transfer Partners (ETP) has fallen 20% in 2017. In comparison, the Alerian MLP ETF (AMLP) has fallen 8% during the same period.
Energy MLPs, as represented by the Alerian MLP Index (AMZ), fell 2.3% for the week ending June 16, 2017. MLPs fell for the fourth straight week.
Energy Transfer Partners’ (ETP) is trading significantly below its historical moving averages, driven primarily by the recent slump in crude oil.
Energy Transfer Partners (ETP) has a “buy” rating from 85.7% of the analysts surveyed by Reuters.