Wall Street analysts seem bullish on Kinder Morgan (KMI). Of the analysts surveyed by Reuters, nearly two-thirds rated Kinder Morgan as a “buy.”
Kinder Morgan Canada Limited, Kinder Morgan’s (KMI) Canadian unit, announced on September 6, 2017, the selection of contractors for its Trans Mountain expansion project.
Kinder Morgan stock continued to trade below its 50-day moving average last week.
The US bond markets remained volatile last week as investors reacted to changes in the Fed and the impact that Hurricanes Harvey and Irma would have on the interest rate.
The US Dollar Index (UUP) failed to hold onto its gains from the previous week as investors were convinced that the Fed most likely wouldn’t make any changes to its monetary policy this year.
The S&P 500 Index (SPY) closed at 2,461.43 for the week ended September 8, 2017, falling 0.61% compared to the previous week’s close.
About 56.0% of analysts rate Buckeye Partners a “hold” as of September 7, 2017, while the remaining 44.0% rate it a “buy.”
Buckeye Partners (BPL) saw total selling of ~2.6 million positions, while ~2.4 million positions were added during the recent quarter.
Buckeye Partners (BPL) has been trading below its short-term (50-day) and long-term (200-day) moving average since the end of July 2017.
BPL was trading at a price-to-distributable cash flow of 10.9x as of September 7, 2017, which is below the last ten-quarter average of 13.8x.
Buckeye Partners (BPL) ended 2Q17 with a total outstanding debt of $4.8 billion, which is 14.0% higher than its debt outstanding at the end of 2016.
BPL recently announced its plans to enter the prolific Permian Basin, where it plans to build a 600-mile haul pipeline.
Buckeye Partners (BPL) declared a distribution of ~$1.26 per share for 2Q17, which represented a 4.1% YoY (year-over-year) increase over 2Q16.
Drilling activity in the Eagle Ford region has slowed down in the third quarter of 2017 compared to a strong recovery during the first half of the year.
Hurricane Harvey hit the US Gulf Coast on August 25, 2017, which resulted in shutdowns of refineries and energy infrastructures, including Buckeye Partners’ (BPL) Corpus Christi Terminal.
Buckeye Partners (BPL) posted weak 2Q17 earnings, reporting an adjusted EBITDA of $269.2 million compared to $256.6 million in 2Q16. That’s a YoY rise of 4.9%.
Buckeye Partners (BPL) has been one of the worst performing MLPs in recent months, hitting a new 52-week low of $54.60. But has recovered slightly since then.
Six of the 12 analysts tracking WY stock have assigned it a “buy” or a “strong buy” rating.
The expected performance of timberland REIT Weyerhaeuser (WY) for the rest 2017 and in 2018 can be best understood by its valuation multiples.
REITs (real estate investment trusts) usually provide generous returns to their shareholders in the form of dividends or share buybacks.