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BP Midstream Partners: Analysts’ Views and Target Price

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BP Midstream Partners

BP Midstream Partners (BPMP) is BP Pipelines’ MLP. So far, BP Midstream has underperformed its peers in 2019. According to analysts’ estimates, BP Midstream Partners has a median target price of $18.83 compared to its current market price of $15.17, which indicates a potential upside of 24% for the next 12 months.

BPMP

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Among the seven analysts tracking BP Midstream Partners, three recommended a “buy,” two recommended a “hold,” and two recommended a “sell.”

BP Midstream offers a distribution yield of 8%, which is in line with its peers. Genesis Energy (GEL) is trading at a yield of 9.6%. Genesis Energy has risen almost 25% in 2019. The company has beat its peers by a large margin.

Genesis Energy has a target price of $25.33, which implies an upside potential of 11.4% for the next 12 months. Currently, Genesis Energy is trading at $22.74.

To learn more, read Enbridge: Why Income Investors Are Attracted to the Stock.

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