Although Antero Midstream Partners (AM) had the highest net debt-to-EBITDA multiple of 2.5x by the end of 4Q16, it was still below industry standards.
Antero Midstream Partners (AM) has the highest capital spending targets among the selected peers in this series, and it expects to spend $800 million on growth projects in 2017.
RMP’s natural gathering volume increased 71% year-over-year in 4Q16. The increase was largely driven by the partnership’s strong third-party volume growth.
The rig count in the region increased to 41 on March 10, 2017, compared to its all-time low of 21 during August 2016.
The D&C (drilling and completion) costs for the Marcellus Shale and the Utica Shale have declined in recent years.
Antero Midstream Partners (AM) has the highest EBITDA growth guidance among the four peers. The partnership expects its 2017 EBITDA to lie between $520 million–$560 million.
In this series, we’ll compare four Appalachian-based natural gas–gathering MLPs. We’ll examine the key parameters and analyst recommendations for Antero Midstream Partners (AM), EQT Midstream Partners (EQM), Rice Midstream Partners (RMP), and Cone Midstream Partners (CNNX).
Currently, ONEOK (OKE) is trading at a forward EV-to-EBITDA multiple of nearly 12x. It’s close to its five-year average multiple.
Nearly 86% of the analysts rated ONEOK as a “hold,” 7% rated it as a “buy,” and 7% rated it as a “sell.” For the next year, the median target price is $56.
For ONEOK, the short interest is ~18.8 million shares. The average daily trading volume over the last 30 days is ~2.8 million shares.
ONEOK has been broadly trading range bound in the last few trading sessions. ONEOK crossed above its 200-day moving average in April 2016.
ONEOK (OKE) fell 2.8% in the week ending March 17, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 0.3% last week.
Of the analysts surveyed by Reuters, ~73% rated KMI as a “buy,” and ~27% rated it as a “hold.” None of the surveyed analysts rated it as a “sell.”
KMI is currently trading at a forward EV-to-EBITDA multiple of nearly 12x, which is lower than its five-year average multiple of ~18x.
Short interest as a percentage of float in Kinder Morgan (KMI) stock is 1.4% and has risen from 1.2% at the end of February.
As of March 20, 2017, Kinder Morgan (KMI) is trading 3% below its 50-day moving average and 0.6% above its 200-day moving average.
Kinder Morgan (KMI) stock fell 1% last week (ended March 17, 2017), giving back some of its previous gains.
Short interest in Williams Companies (WMB) as a percentage of float has come down to 1.2%.
In this article, we’ll see what Wall Street analysts recommend for Williams Companies (WMB).
Williams Companies (WMB) fell below its 50-day simple moving average, driven by the recent decline.