uploads///featured image

PAA, WMB, and OKE: Midstream Stocks Rose Last Week


Nov. 20 2020, Updated 4:49 p.m. ET

Midstream stocks rose

Midstream stocks were largely positive last week. Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively. The Energy Select Sector SPDR ETF (XLE) rose 2.5% last week. Midstream stocks’ gains were supported by strong oil prices and strength in the broader markets. Crude oil prices rose ~4.4%, while the S&P 500 Index rose 2.9% last week.

To learn about the latest factors driving oil prices, read IEA Reveals a Big Surprise for Oil Bulls. The above graph compares the midstream stocks’ performances last week. Energy Transfer (ET) rose 1.6% last week. Enterprise Products Partners (EPD) rose 0.2%. To learn more about Enterprise Products Partners’ performance and prospects, read Enterprise Products Partners Stock Is Trading Range-Bound.

Article continues below advertisement

Top gains and losses

Among the top losses in the MLP and midstream space, Summit Midstream Partners (SMLP) fell 10.9% last week. Andeavor Logistics (ANDX) fell 4.7%, while Cheniere Energy Partners (CQP) fell 4.2%.

Altus Midstream (ALTM) rose 17.1%, while Hi-Crush Partners (HCLP) rose 14.9%. EQM Midstream Partners (EQM), Equitrans Midstream (ETRN), and EnLink Midstream (ENLC) were among the other top gains. They rose  8.4%, 8.0%, and 7.5%, respectively.

For the latest coverage on energy sector stocks, visit Market Realist’s Energy and Power page.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.