Cheniere Energy (LNG), Teekay LNG Partners (TGP), and Golar LNG Partners (GMLP) were among the top gainers in the MLP and midstream sector last week. Cheniere Energy rose 3.7% while TGP and GMLP rose 10.6% and 5.2%, respectively, in the last week. Other top gainers included Dorchester Minerals (DMLP), CVR Refining (CVRR), and American Midstream Partners (AMID), which rose 7.1%, 6.2%, and 5.0%, respectively.
The above chart shows the top ten MLPs and midstream companies in terms of stock returns last week. Sunoco (SUN) rose 4.7% in the last week.
These MLPs and stocks fell last week
The companies that fell the most included Kimbell Royalty Partners (KRP), Summit Midstream Partners (SMLP), and Western Gas Equity Partners (WGP), which fell 11.4%, 10.9%, and 7.1%, respectively. Enbridge Energy Management (EEQ) and Enbridge Energy Partners (EEP) fell 6.3% and 5.3%, respectively. The two companies are expected to complete the merger with parent Enbridge (ENB) in the fourth quarter of 2018.
There were quite a few rating updates by analysts on MLPs and midstream stocks. Let’s take a look at those next.