MMP, NS, VNOM, and CQP: Which MLPs Fell the Most?

Stocks that fell the most

Midstream MLP NuStar Energy (NS), royalty interest owner Viper Energy Partners (VNOM), and downstream MLP CVR Refining (CVRR) fell 8.9%, 8.6%, and 7.7%, respectively, last week. Cheniere Energy Partners (CQP) fell 6.9% for the week. Credit Suisse initiated coverage on Cheniere Energy Partners with an “underperform” rating, which contributed to the stock’s fall.

MMP, NS, VNOM, and CQP: Which MLPs Fell the Most?

EnLink Midstream (ENLC) and EQT GP Holdings (EQGP) fell 6.8% and 6.6%, respectively. The above graph shows the MLPs and midstream stocks that fell the most last week.

Magellan Midstream Partners fell 6.2%

Magellan Midstream Partners (MMP) fell 6.2% last week. Credit Suisse started coverage on Magellan Midstream Partners with a “neutral” rating. Credit Suisse gave Magellan Midstream Partners a target price of $77. Read EPD, MPLX, ETP, PAA: What Do Current Valuations Indicate? to learn how Magellan Midstream Partners’ current valuation compares with its peers.

Calumet Specialty Products Partners (CLMT) fell 6.4%, while TC PipeLines (TCP) fell 5.9% during the week.

Next, we’ll discuss key MLP and midstream rating updates last week.