Buckeye Partners (BPL) saw total selling of ~2.6 million positions, while ~2.4 million positions were added during the recent quarter.
Buckeye Partners (BPL) has been trading below its short-term (50-day) and long-term (200-day) moving average since the end of July 2017.
BPL was trading at a price-to-distributable cash flow of 10.9x as of September 7, 2017, which is below the last ten-quarter average of 13.8x.
Buckeye Partners (BPL) ended 2Q17 with a total outstanding debt of $4.8 billion, which is 14.0% higher than its debt outstanding at the end of 2016.
BPL recently announced its plans to enter the prolific Permian Basin, where it plans to build a 600-mile haul pipeline.
Buckeye Partners (BPL) declared a distribution of ~$1.26 per share for 2Q17, which represented a 4.1% YoY (year-over-year) increase over 2Q16.
Drilling activity in the Eagle Ford region has slowed down in the third quarter of 2017 compared to a strong recovery during the first half of the year.
Hurricane Harvey hit the US Gulf Coast on August 25, 2017, which resulted in shutdowns of refineries and energy infrastructures, including Buckeye Partners’ (BPL) Corpus Christi Terminal.
Buckeye Partners (BPL) posted weak 2Q17 earnings, reporting an adjusted EBITDA of $269.2 million compared to $256.6 million in 2Q16. That’s a YoY rise of 4.9%.
Buckeye Partners (BPL) has been one of the worst performing MLPs in recent months, hitting a new 52-week low of $54.60. But has recovered slightly since then.
Of the analysts covering Williams Companies (WMB) on September 5, 2017, 78.0% rated it as a “buy,” and the remaining 22.0% rated it as a “hold.”
Williams Companies was trading at an EV-to-EBITDA multiple of 11.8x on September 5, 2017, which is below its historical average and its peers.
WMB was trading 0.7% below its 50-day SMA (simple moving average) and 1.5% above its 200-day SMA on September 5, 2017.
Williams Partners noted that its facilities serving oil and gas producers in the Gulf Coast did not suffer any major damage from Hurricane Harvey.
William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.
Of the analysts surveyed by Reuters, 10% rated AmeriGas Partners (APU) a “buy,” 50% rated it a “hold,” and 40% rated it a “sell.”
The top ten institutional investors in Star Gas Partners (SGU) own nearly 38.9% of its outstanding shares.
The total number of Star Gas Partners shares shorted was 27,797 on August 15, 2017—30% higher than the 21,342 million shorted shares on July 31, 2017.
The forward EV-to-EBITDA ratios for AmeriGas Partners (APU), Suburban Propane Partners (SPH), Ferrellgas Partners (FGP), and Star Gas Partners (SGU) are 10.4x, 9.4x, 8.3x, and 5.5x, respectively.
Suburban Propane Partners (SPH) is currently trading at a distribution yield of 14.7%.