Enable Midstream Partners (ENBL) declared a flat distribution of $0.32 per unit in 2Q17. Based on the recent distribution, ENBL is trading at an attractive distribution yield of 8.7%. However,…
In this article, we’ll look into Enable Midstream Partners’ (ENBL) commodity price sensitivities and exposure. The partnership expects every 10% change in NGL (natural gas liquid) and condensate prices to…
Enable Midstream Partners (ENBL) expects its natural gas gathered volumes to lie between 3.3 TBtupd1 and 3.8 TBtupd at the end of 2017. At the midpoint, this expectation represents an…
In the previous article, we discussed Enable Midstream Partners’ (ENBL) announcement to acquire Align Midstream, which will increase ENBL’s exposure to the Ark-La-Tex Basin. In this article, we’ll look into…
Enable Midstream Partners (ENBL) announced the signing of a merger agreement to acquire Align Midstream on September 12. In this series, we’ll assess whether ENBL could gain upward momentum.
Analysts’ consensus target price for Hi-Crush Partners (HCLP) for the next year is $16, which implies a massive 77.0% price return over the next year.
The forward EV-to-EBITDA ratios for Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) are ~4.0x and ~5.0x, respectively.
According to data released on September 12, 2017, the short interest as a percentage of floating shares in Emerge Energy Services (EMES) on August 31, 2017, was 9.9%.
According to the latest filings, Balyasny Asset Management and Morgan Stanley Investment Management sold net 0.70 million Emerge Energy Services (EMES) shares.
Analysts expect frac sand demand in 2017 and 2018 to be higher than historical peak levels, driven by an increase in rig count and expected increases in drilling efficiencies.
Hi-Crush Partners’ (HCLP) capital expenditures in 2Q17 were $47.5 million. HCLP has provided 2017 capital expenditure guidance of $115.0 million–$125.0 million.
Emerge Energy Services’ frac sand volumes rose 11.3% from 1.3 million tons in 1Q17 to 1.4 million tons in 2Q17.
The US crude oil rig count provided by Baker Hughes was 756 for the week ended September 8, 2017. Crude oil rigs hit a low in the last week of May 2016.
Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP), which are frac sand MLPs, have fallen 45.0% and 60.0%, respectively, YTD (year-to-date).
Calumet Specialty Products Partners (CLMT), the MLP involved in the production of specialty fuels and refining, was downgraded last week by Janney Capital Management to “neutral.”
Last week, MMP went above its short-term (50-day) moving average, driven by its recent gains. That might indicate a bullish sentiment in MMP.
EV Energy Partners (EVEP) was the top MLP gainer last week, which ended on September 8, 2017. It rose 13.9%.
USD Partners (USDP), which owns, acquires, and develops crude oil by rail terminals, was the top MLP loser last week. It fell 17.4%.
MLPs had a good start last week with a strong rally in crude oil prices. But they turned to losses during the latter half of the week on concerns over Hurricane Irma and a corresponding weakness in crude oil prices.
Wall Street analysts seem bullish on Kinder Morgan (KMI). Of the analysts surveyed by Reuters, nearly two-thirds rated Kinder Morgan as a “buy.”