Currently, ONEOK (OKE) is trading at a forward EV-to-EBITDA multiple of nearly 12x. It’s close to its five-year average multiple.
ONEOK (OKE) stock had an implied volatility of 26.9% as of April 13, 2017—higher than its 15-day average implied volatility of 23.1%.
ONEOK (OKE) is trading 0.2% above its 50-day moving average and 5.2% above its 200-day moving average. The averages might act as support for the stock.
ONEOK (OKE) fell 2.8% during the week ending April 13, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 1.5%.
Short interest as a percentage of float in Kinder Morgan (KMI) stock is 1.16%. It has fallen from 1.25% at the end of March 2017.
Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 12.0x.
If KMI remains below its 200-day moving average, it may indicate a weakness ahead for the stock in the short term.
Kinder Morgan (KMI) stock had an implied volatility of 22.3% as of April 13, 2017.
According to a letter of intent on April 11, 2017, DCP Midstream (DCP) will participate in the development of Kinder Morgan’s Gulf Coast Express Pipeline Project.
Credit Suisse has upgraded NuStar from “underperform” to “neutral,” which is equivalent to a “hold.”
NuStar Energy (NS) is currently trading at a price-to-distributable cash flow of 10.3x, which is close to its ten-quarter historical average of 11.0x.
The debt financing might drive NuStar’s leverage higher due to a high purchase multiple and uncertainty over the timing of the EBITDA contribution.
NuStar Energy (NS) stock fell 7.9% after it announced the deal to acquire Navigator Energy Services. The Alerian MLP ETF (AMLP) fell 0.80%.
NuStar Energy (NS) has agreed to pay ~$1.5 billion for the Navigator Energy’s Permian assets. According to Moody’s, the purchase multiple is high.
On Wednesday, April 12, 2017, NuStar Energy (NS) announced that it will acquire Permian-focused Navigator Energy Services for ~$1.5 billion.
About 67.0% of analysts have rated DCP Midstream Partners a “hold,” and 22.0% have rated it a “buy.”
Short interest in DCP Midstream (DCP) as a percentage of float ratio has fallen to 4.0%.
DCP Midstream (DCP) is currently trading at a price-to-DCF of 10.6x. That’s higher than its ten-quarter historical average of 8.0x.
DCP Midstream (DCP) is currently trading 0.60% below its 50-day simple moving average and 7.9% above its 200-day simple moving average.
DCP Midstream (DCP) has a strong presence in the Permian Basin and continues to explore expansion opportunities there.