22 Oct

OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week

WRITTEN BY Rekha Khandelwal, CFA

OKE’s ratings

On October 16, Jefferies raised its rating for ONEOK (OKE) from a “hold” to a “buy.” Of the 18 analysts covering ONEOK, five have rated the stock as a “strong buy,” four have rated it as a “buy,” and the remaining nine have rated it as a “hold.”

The median price target for ONEOK is $75, implying a potential upside of 11% from its current price of $67.8.

OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week

Recommendations for HCLP

On October 17, Jefferies cut its rating for Hi-Crush Partners (HCLP) to an “underperform.” The stock now has five “buy” recommendations, ten “hold” recommendations, and one “strong sell” recommendation. The median price target for HCLP is $14.

Ratings for SUN

On October 16, Jefferies raised its price target for Sunoco (SUN) to $28. It has given a “hold” rating to the stock. Of the 14 Reuters-surveyed analysts covering Sunoco, one has rated it as a “strong buy,” three have rated it as a “buy,” nine have rated it as a “hold,” and one has rated it as a “sell.” The median price target for Sunoco is $31.

Other rating updates

On October 16, Stifel cut its rating for Antero Midstream Partners (AM) from a “buy” to a “hold.” It also cut its price target for AM from $35 to $33. On the same day, Jefferies raised its price target for EnLink Midstream Partners (ENLK) to $18. It has given the stock a “hold” rating.

On October 19, Raymond James cut its rating for Valero Energy Partners (VLP) from an “outperform” to a “market perform.” On the same day, RBC cut its rating for VLP from an “outperform” to a “sector perform,” and Suntrust Robinson cut its rating for the stock from a “buy” to a “hold.”

The chart above shows analysts’ recommendations for the stocks that saw rating updates last week.

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