For the next four quarters, analysts expect McDonald’s (MCD) to post revenue of $20.67 billion, which represents a fall of 12.1% from $23.51 billion in the corresponding four quarters of the previous year.
As of November 30, McDonald’s (MCD) hit a new 52-week high of $173.17 and closed the day at $171.97, which represents a rise of 5.3% since the announcement of its 3Q17 earnings on October 24.
On November 27, 2017, Charter was trading 11.3% below its 100-day moving average. In comparison, Verizon (VZ) was trading 1.4% above its 100-day moving average.
Williams Companies’ forward EV-to-EBITDA multiple was 10.7x as of November 28, 2017. It’s below the peer median multiple of 12.7x.
Williams Companies’ 30-day implied volatility was 19.1% as of November 28, 2017, which is lower than the last 15-day average of 20.2%.
Williams Companies was trading 2.2% below its 50-day simple moving average and 5.0% below its 200-day simple moving average as of November 28, 2017.
William Companies has been rising in recent trading sessions. It recovered from its new 52-week low ($27.0), which it saw on November 16, 2017.
Black Stone Minerals (BSM), which is also into the royalty and mineral interest business like Dorchester Minerals (DMLP), ranks sixth among MLPs in terms of its correlation with natural gas.
In this article, we’ll look into the commodity price exposure of the MLP at the seventh spot, Enterprise Products Partners (EPD).
Williams Partners (WPZ), the midstream MLP subsidiary of Williams Companies (WMB), is in eighth place among MLPs in terms of correlation with natural gas.
Enable Midstream Partners (ENBL), a midstream MLP involved in natural gathering and processing, natural gas transportation, and crude oil gathering, ranks ninth in terms of its correlation with natural gas.
Dorchester Minerals (DMLP), a royalty interest owner MLP, is in third place in terms of its correlation with natural gas.
Golar LNG Partners (GMLP), an MLP involved in floating LNG (liquefied natural gas) liquefaction, LNG shipping, and floating LNG regasification, has the highest correlation with natural gas among MLPs.
Boardwalk Pipeline Partners (BWP), a midstream MLP mainly involved in natural gas and NGLs transportation and storage, ranks second among MLPs in terms of correlation with natural gas.
DCP Midstream (DCP) is in the fifth place in terms of correlation with natural gas following Legacy Reserves (LGCY).
Legacy Reserves (LGCY), an upstream MLP, is in the fourth spot in terms of its correlation with natural gas.
In this series, we’ll look at the MLPs that have the highest correlations with natural gas amid the volatility in natural gas prices.
On November 30, 2017, Varian Medical Systems (VAR) was trading at its 52-week high of $111.40. On November 29, it ended trading at $111.20, its highest closing price for the last 52 weeks.
At the end of November 28, 2017, Domino’s Pizza (DPZ) was trading at $172.29, a fall of 1.3% from the previous day’s closing price.
On November 28, 2017, Longbow Research lowered its 12-month target price for Domino’s Pizza (DPZ) from $246 to $215.