Energy Transfer Equity (ETE) was trading at a price-to-distributable cash flow of 18.0x as of July 10, 2017, which is slightly above the last-ten-quarter average of 17.9x.
Energy Transfer Equity (ETE), one of the most volatile MLP stocks, has recovered slightly from its fall last week.
NuStar Energy has seen five rating updates since the beginning of 2017 including two upgrades, two downgrades, and one new coverage.
ClearBridge Investments and Greehey were the highest buyers with 0.53 million and 0.32 million shares, respectively.
Most of the liquids transportation and storage MLPs are currently trading close to their historical moving average due to the recent volatility in commodity prices, and NuStar Energy (NS) is no different.
NuStar Energy (NS) was trading at a price-to-distributable cash flow of 12.0x as of July 7, 2017, which is above the last-ten-quarter historical average of 10.4x.
NuStar Energy (NS) ended 1Q17 with a total outstanding debt of $3.0 billion, which is slightly less than its debt outstanding at the end of 2016.
NuStar Energy’s (NS) DCF (distributable cash flow) fell to $88.9 million in 1Q17 compared to $97.0 million in 1Q16, a year-over-year decline of 8.3%.
NuStar Energy (NS) updated its 2017 EBITDA guidance following the Navigator Energy acquisition announcement.
Drilling activity in the Permian region continues to stay resilient despite the weakness in commodity prices.
NuStar Energy’s (NS) Pipeline segment’s 1Q17 EBITDA rose $2 million to $88 million in 1Q17 from $86 million in 1Q16.
NuStar Energy (NS), a midstream MLP primarily engaged in liquids transportation and storage, has been closely following the movement in crude oil prices.
Hi-Crush Partners (HCLP) fell 15% in the week ended July 7, 2017.
On July 5, 2017, Barclays reinstated an “equal weight” rating for Alon USA Partners (ALDW).
Energy Transfer Partners (ETP) and Enterprise Products Partners (EPD) are trading at forward EV-to-EBITDA multiples lower than their respective five-year historical averages.
The Alerian MLP Index, the benchmark index for energy MLPs, rose 0.2% in the week ended July 7, 2017.
Of the analysts surveyed by Reuters, ~61.0% rated Targa Resources (TRGP) a “buy,” and ~39.0% rated it a “hold.”
According to the latest filings, all of the top ten institutional investors in Targa Resources (TRGP) added to their TRGP positions.
Targa Resources (TRGP) is trading at an EV-to-EBITDA multiple of nearly 13.0x. That’s close to the peer average.
Targa Resources (TRGP) operates more than 26,000 miles of pipeline and has more than 4.5 Bcf/d (billion cubic feet per day) of gross processing capacity.