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7 MLPs That Have Generated Handsome Returns in 2018


Nov. 20 2020, Updated 11:36 a.m. ET

The top MLPs

Even though MLP returns have been almost flat so far in 2018, there are some MLPs that have generated handsome returns year-to-date. In this series, we’ll look at the top MLPs this year. We’ll also see analysts’ future expectations for them.

Here are the top three MLP gainers year-to-date:

The above chart shows the top MLPs by year-to-date returns. It doesn’t include shipping and coal MLPs. Dorchester Minerals (DMLP) and Crestwood Equity Partners (CEQP) follow CVRR in the top year-to-date returns.

We won’t be covering Mid-Con Energy Partners and Cypress Energy Partners (CELP) since both of them have market capitalizations less than $100 million.

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VNOM rose 40% in 2018

Viper Energy Partners (VNOM) has risen 40% so far in 2018. The royalty interest owner MLP had its price target raised several times in May. On May 21, Simmons raised it from $33 to $38.

On May 3, UBS raised its price target for VNOM from $30 to $32, and Northland Capital raised it from $29 to $38. Stifel raised its price target from $29 to $33, SunTrust Robinson raised it from $35 to $40, and Citigroup raised it from $24 to $29. On May 2, Euro Pacific Capital raised it from $30 to $33.

Of the 14 Reuters-surveyed analysts covering Viper Energy Partners, four have rated the stock a “strong buy,” nine have rated it a “buy,” and one has rated it a “hold.” Their mean price target is $34.60, which implies an upside of 6% in a year from its current price of $32.59.

The above graph shows how analysts’ recommendations and mean price target for Viper Energy Partners have changed over the last 12 months.


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