Enable Midstream Partners (ENBL) has been upgraded by Credit Suisse from “neutral” to “outperform,” which is equivalent to a “buy.”
Energy Transfer Partners (ETP), the midstream MLP subsidiary of Energy Transfer Equity (ETE), was upgraded by two research firms on Tuesday, May 9, 2017.
Of the analysts surveyed by Reuters, nearly 33% rated Enbridge Energy Partners as a “buy,” 58% rated it as a “hold,” and 8% rated it as a “sell.”
Enbridge Energy Partners (EEP) reported its 1Q17 results on May 10, 2017. The company reported adjusted EBITDA of $414.1 million for the quarter.
Short interest in Energy Transfer Equity (ETE) as a percentage of its float ratio has come down to 7.2%. This could indicate a bullish sentiment.
Of the analysts that rate Energy Transfer Equity, 60% rate it as a “buy,” and the remaining 40% rate it as a “hold.”
Energy Transfer Equity’s (ETE) 30-day implied volatility of 31.6% is higher than the sector average of 12.8%.
Energy Transfer Equity (ETE) recovered slightly after its 5.0% fall during the week ended May 5, 2017. After rising 40.5% during 2016, ETE has lost 1.3% since the beginning of 2017.
Targa Resources (TRGP) revised its 2017 capital expenditure guidance upwards, by 37% to $960 million. Targa’s plans for new projects include two processing plants—one in the Midland Basin and another…
Targa Resources (TRGP) reported its 1Q17 results on May 4, 2017. Targa’s distributable cash flow rose to $194 million, compared with $178 million in 1Q16.
In this article, we’ll look at the MLPs that Wall Street analysts expect will have attractive upsides and low commodity price exposure.
The Permian region, one of most prolific US shale plays recently, continues to experience strong drilling activity.
The Alerian MLP Index (^AMZ) is currently trading at a yield spread of 4.9% to the ten-year Treasury rate, which is higher than the five-year average of 4.4%.
Five MLPs announced distribution cuts in the recent quarter including Enbridge Energy Partners (EEP) and Williams Partners (WPZ).
MLPs continue to be investors’ top income investment option due to their strong yields.
NGL Energy Partners (NGL) was the worst-performing MLP in the last month.
Among MLP funds, ETFs were the top performers in terms of total returns in April, while ETNs were the bottom performers.
Gathering and processing MLPs, which were among the best-performing MLPs in the first quarter of 2017, were weak during the recent month.
Sunoco (SUN), an MLP involved in wholesale and retail distribution and marketing of refined products, was the top gainer among MLPs in April 2017.
MLPs saw a huge decline in prices during the first week of May driven by the sharp decline in crude oil prices.