HCLP, VNOM, CEQP, ENLK: Last Week’s MLP Underperformers

Biggest underperformers

In the MLP space, Hi-Crush Partners (HCLP) fell a massive 18.5% last week. A significant fall in crude oil prices and analyst downgrades likely affected the stock. Hi-Crush Partners has fallen ~37% year-to-date. Concerns about frac sand demand growth falling short of the expected supply have severely affected the stock’s recent performance. U.S. Silica Holdings (SLCA) has fallen 58% year-to-date.

HCLP, VNOM, CEQP, ENLK: Last Week’s MLP Underperformers

Viper Energy Partners (VNOM) fell 10.6% last week. The stock is up 37% year-to-date. Crestwood Equity Partners (CEQP) and EnLink Midstream Partners (ENLK) fell 9.0% and 7.4%, respectively. The above graph shows the MLP and midstream stocks that fell the most last week.

Other stocks that fell significantly

TC PipeLines (TCP) fell 7.1% last week. The stock has fallen ~45% year-to-date. EQT GP Holdings (EQGP), Antero Midstream GP (AMGP), and EnLink Midstream LLC (ENLC) fell 6.5%, 5.7%, and 5.5%, respectively.

In comparison, Shell Midstream Partners (SHLX) fell 5.3% and Antero Midstream Partners (AM) fell 5.2%. Shell Midstream Partners has fallen ~35% year-to-date.

Quite a few MLP and midstream stocks saw ratings and price target updates last week. Let’s take a look in the next part of this series.