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More than Half of Analysts Surveyed Rate Midcoast Energy a ‘Hold’


Sep. 20 2015, Published 8:12 p.m. ET

Wall Street’s targets for Midcoast Energy Partners

Of the analysts surveyed by Bloomberg, 22% rate Midcoast Energy Partners (MEP) a “buy,” and 56% rate it a “hold.” About 22% of the analysts rate MEP a “sell.” The consensus target price for Midcoast Energy Partners is $13.40. Currently, it’s trading at $10.40. If the MLP reaches this target price within a year, it would mean a 29% return for investors.

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Individual ratings

The above table shows some individual ratings for Midcoast Energy Partners. We’ve discussed some of the ratings below.

  • Credit Suisse (CS) is most optimistic about Midcoast Energy Partners. It has provided a “strong buy” rating with a target price of $20. This target implies an upside of 92% based on its current price.
  • Barclays (BCS) has provided a “hold” rating to Midcoast Energy Partners with a target price of $14.This target implies an upside of 35% based on its current price. This target is closest to the consensus price target for the MLP.
  • Goldman Sachs (GS) also gave a “hold” recommendation for Midcoast Energy Partners with a target price of $12. This would mean an upside of 15% from its current price.
  • JPMorgan Chase (JPM) is most pessimistic about MEP. It has given the MLP a “strong sell” recommendation with a target price of $10.50. This target would imply practically no price return from MEP’s current price.

Peer ratings

ONEOK Partners (OKS) has a “buy” rating from 33% analysts, while 50% of the analysts rate it a “hold.” Of the analysts surveyed, 53% rate DCP Midstream Partners (DPM) a “buy,” while 27% rate it a “hold.”

Targa Resources (NGLS) has a “buy” rating from 55% of the analysts, while 40% rate it a “hold.” About 27% analysts rate Crestwood Midstream Partners (CMLP) a “buy,” and 73% rate it a “hold.” CMLP forms ~1.2% of the Global X SuperDividend US ETF (DIV).


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