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LNG and EQM: Which Midstream Companies Outperformed Last Week?

Rekha Khandelwal, CFA - Author

Nov. 20 2020, Updated 3:07 p.m. ET

Cheniere Energy

Cheniere Energy (LNG) was among the top midstream gainers last week. The stock rose 2.8% during the week. In contrast, the sector was broadly in the red. For latest on the stock, read How Cheniere Energy Is Faring amid Recent Trade War Tensions. 

Hoegh LNG Partners (HMLP) was up 4.1% last week.

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Royalty interest MLPs Kimbell Royalty Partners (KRP) and Dorchester Minerals (DMLP) rose 9.5% and 2.3%, respectively, last week. The graph above shows the MLPs and midstream companies that outperformed the sector in the week. 

Black Stone Minerals (BSM) was among the outperformers, with a 0.8% fall in the week. As we learned earlier, the midstream and MLP sectors were largely in the red last week. The Alerian MLP Index was down 3.5%, and the Energy Select Sector SPDR ETF (XLE) was roughly flat.

EQT Midstream Partners (EQM) rose 0.6% in the week. Targa Resources (TRGP) fell 1.1% in the week. Targa Resources has performed well so far in 2018. Learn more in TRGP and OKE Have Outperformed the Energy Sector in 2018.

Next, let’s take a look at the midstream stocks that saw price target updates by analysts last week.


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