Enable Midstream Partners (ENBL) announced the signing of a merger agreement to acquire Align Midstream on September 12. In this series, we’ll assess whether ENBL could gain upward momentum.
Analysts’ consensus target price for Hi-Crush Partners (HCLP) for the next year is $16, which implies a massive 77.0% price return over the next year.
The forward EV-to-EBITDA ratios for Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) are ~4.0x and ~5.0x, respectively.
According to data released on September 12, 2017, the short interest as a percentage of floating shares in Emerge Energy Services (EMES) on August 31, 2017, was 9.9%.
According to the latest filings, Balyasny Asset Management and Morgan Stanley Investment Management sold net 0.70 million Emerge Energy Services (EMES) shares.
Analysts expect frac sand demand in 2017 and 2018 to be higher than historical peak levels, driven by an increase in rig count and expected increases in drilling efficiencies.
Hi-Crush Partners’ (HCLP) capital expenditures in 2Q17 were $47.5 million. HCLP has provided 2017 capital expenditure guidance of $115.0 million–$125.0 million.
Emerge Energy Services’ frac sand volumes rose 11.3% from 1.3 million tons in 1Q17 to 1.4 million tons in 2Q17.
The US crude oil rig count provided by Baker Hughes was 756 for the week ended September 8, 2017. Crude oil rigs hit a low in the last week of May 2016.
Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP), which are frac sand MLPs, have fallen 45.0% and 60.0%, respectively, YTD (year-to-date).
As per the latest JOLTS report, about 3.2 million Americans quit their jobs voluntarily last month. This is an increase of 0.1 million from the previous month.
The European bond market’s reaction to the ECB’s (European Central Bank) September 7 statement has so far been positive.
In its September 7 meeting, the ECB (European Central Bank) governing council sounded optimistic about the strong growth momentum in the EU.
Early on September 13, the US Dollar Index is trading with weakness. At 7:00 AM EST today, the US Dollar Index is trading at 91.84—a fall of 0.04%.
The US Dollar Index started this week on a stronger note. On Tuesday, the US Dollar Index started the day with strength and traded above the opening prices.
Calumet Specialty Products Partners (CLMT), the MLP involved in the production of specialty fuels and refining, was downgraded last week by Janney Capital Management to “neutral.”
Last week, MMP went above its short-term (50-day) moving average, driven by its recent gains. That might indicate a bullish sentiment in MMP.
EV Energy Partners (EVEP) was the top MLP gainer last week, which ended on September 8, 2017. It rose 13.9%.
USD Partners (USDP), which owns, acquires, and develops crude oil by rail terminals, was the top MLP loser last week. It fell 17.4%.
MLPs had a good start last week with a strong rally in crude oil prices. But they turned to losses during the latter half of the week on concerns over Hurricane Irma and a corresponding weakness in crude oil prices.