27 Nov

Top MLP and Midstream Gains and Losses Last Week

WRITTEN BY Rekha Khandelwal, CFA

Top underperformers

MLPs and midstream stocks fell significantly in the week ending November 23. Among the stocks that fell the most, Summit Midstream Partners (SMLP) fell 12.6% and Hi-Crush Partners (HCLP) fell 11.6%. CVR Refining (CVRR) fell 10.8% last week. Teekay LNG Partners (TGP) and Gaslog Partners (GLOP) fell 9.6% and 7.1%, respectively.

Top MLP and Midstream Gains and Losses Last Week

Kimbell Royalty Partners (KRP) and Viper Energy Partners (VNOM) fell 9.4% and 7.4%, respectively. Targa Resources (TRGP) fell 6.5% last week. The above graph shows the top MLP and midstream underperformers last week.

Top gainers

Very few MLP and midstream stocks were in the green last week. AmeriGas Partners (APU) gained 2% for the week. Sunoco (SUN) rose 1.4% last week. Shell Midstream Partners (SHLX), EQM Midstream Partners (EQM), and Valero Energy Partners (VLP) were in the green last week.

Top MLP and Midstream Gains and Losses Last Week

The above graph shows the top MLP and midstream outperformers last week.

Dominion Midstream Partners (DM), TC PipeLines (TCP), EnLink Midstream Partners (ENLK), Enable Midstream Partners (ENBL), and Alliance Resource Partners (ARLP) were among the stocks that outperformed the MLP sector last week. The stocks outperformed the MLP sector even though they fell last week.

U.S. Capital Advisors upgraded Targa Resources last week. Next, we’ll discuss how analysts rate Targa Resources.

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