These 10 MLPs Offer a Maximum Upside from Current Levels


Dec. 11 2017, Updated 7:33 a.m. ET

Upside potential

So far, 2017 has not been good for MLPs (Master Limited Partnerships). Most MLPs are trading in negative territory despite strong crude oil prices. For a recent update on crude oil prices, please read Why Is the Risk in Oil Prices Rising?

The Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has lost 16.3% year-to-date (or YTD). AMLP is underperforming the SPDR S&P 500 ETF (SPY) (SPX-INDEX) YTD. SPY has gained 17.2% in 2017 YTD, and AMLP is underperforming SPY by 3,350 basis points.

In this series, we’ll look at the MLPs that offer the highest upside potential as we enter 2018. Energy Transfer Partners (ETP) has the highest upside potential from its current price levels. Alon USA Partners (ALDW) has the lowest upside potential, as it is trading above the target price.

The top ten MLPs ranked in the order of their upside potential levels follow:

  • Energy Transfer Partners (ETP)
  • Archrock Partners (APLP)
  • Hi-Crush Partners (HCLP)
  • NuStar GP Holdings (NSH)
  • Martin Midstream Partners (MMLP)
  • Alliance Resource Partners (ARLP)
  • Boardwalk Pipeline Partners (BWP)
  • Antero Midstream Partners (AM)
  • Genesis Energy (GEL)
  • EQT Midstream Partners (EQM)

In this series, we’ll look into their recent market performance, upside potentials, valuations, and analysts’ recommendations each of these ten MLPs.

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AMLP constituent with the highest and lowest upside potentials

Among the AMLP constituents, Energy Transfer Partners (ETP) has the highest upside potential while Holly Energy Partners (HEP) has the lowest upside potential.

In the next article, we’ll look into the upside potential for Energy Transfer Partners.


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