DCP Midstream (DCP), TC PipeLines (TCP), and Summit Midstream Partners (SMLP) were among the biggest MLP gainers in the last week. The three stocks rose 5.5%, 4.6%, and 3.5%, respectively. DCP Midstream has risen ~24% year-to-date. DCP Midstream crossed above its 50-day moving average last week. It’s currently trading above its 50-day average but below its 200-day moving average.
TC PipeLines has risen ~15% in 2019. Despite the rise, it’s trading much lower than its price prior to the fall in March 2018. The above graph shows the top MLP and midstream outperformers and underperformers in the last week.
Enterprise Products Partners (EPD) rose 3.4% for the week. It announced the second electronic auction of crude oil for exports with CME Group last week. Phillips 66 Partners (PSXP) rose 3.4% last week. The stock has risen 27% so far in 2019.
Altus Midstream (ALTM) fell 3.7% in the last week. The stock has fallen ~20% year-to-date. Viper Energy Partners (VNOM) fell 3.1% for the week. It’s still up 25% in 2019 so far.
Enable Midstream Partners (ENBL) fell 2.6%, and Gaslog Partners (GLOP) fell 2.4% last week. Enable Midstream Partners is up ~5% in 2019. USA Compression Partners (USAC) fell 2.3% last week. It has risen by 20% in 2019.