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Rekha Khandelwal, CFA

Rekha Khandelwal, CFA, covers mainly energy stocks and macroeconomic analysis. She has been writing for Market Realist since 2014.

Stocks and investments are Rekha's passions. Playing with complex data to draw meaningful insights excites her, and she loves everything about managing finances. A go-getter, she believes in hands-on problem-solving.

Rekha has more than ten years of experience in financial research, stock analysis, financial planning, asset allocation strategies, and portfolio management. She has earned a master’s in finance and is a CFA Charter holder. She also loves traveling and reading in her spare time.

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Rekha Khandelwal, CFA

  • Samsung smartphone
    Company & Industry Overviews

    The World’s Top 5 Smartphone Companies Ranked

    Although smartphone companies expect to sell 1.5 billion devices in 2019, a handful of players dominate the global smartphone industry.

    By Rekha Khandelwal, CFA
  • uploads///natural gas pipelines segments key metrics
    Earnings Report

    What to Expect from Kinder Morgan’s Gas Transport Volumes

    Kinder Morgan’s (KMI) natural gas transport volumes grew 1.4% YoY (year-over-year) in 1Q17. The growth was driven by throughput on new projects.

    By Rekha Khandelwal, CFA
  • uploads///forward distribution yield to distribution growth
    Earnings Report

    How Does Phillips 66 Partners’ Valuation Compare to Its Peers’?

    Phillips 66 Partners’ forward distribution yield of 3.3%, owing to its fee-based revenues, consistent distribution growth, and strong coverage ratio.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda multiples
    Company & Industry Overviews

    Is ONEOK Stock Currently Overvalued?

    ONEOK (OKE) stock is currently trading at a forward EV-to-EBITDA multiple of 14.3x.

    By Rekha Khandelwal, CFA
  • uploads///segmentwise ebda breakdown
    Company & Industry Overviews

    Which Segment Drives Kinder Morgan’s Performance?

    KMI’s Natural Gas Pipelines segment Kinder Morgan (KMI) conducts its operations through five reportable segments. Natural Gas Pipelines is Kinder Morgan’s largest business segment in terms of EBDA (earnings before depreciation and amortization). In 2Q16, the segment alone accounted for 54% of the company’s total EBDA. The segment gathers, processes, transports, and stores natural gas, […]

    By Rekha Khandelwal, CFA
  • uploads///price range forecast
    Company & Industry Overviews

    What KMI’s Implied Volatility Tells about Its Price This Week

    Based on its closing price of $19.42 on May 25, KMI stock could trade in between $19.95 and $18.89 over the next seven days.

    By Rekha Khandelwal, CFA
  • uploads///impact of  tax cuts
    Earnings Report

    How Tax Cut Impacted Kinder Morgan’s 4Q17 Results

    The reduction of the corporate income tax rate from 35% to 21% impacted Kinder Morgan’s (KMI) results in 4Q17.

    By Rekha Khandelwal, CFA
  • uploads///short int as percent of float
    Company & Industry Overviews

    Short Interest in ONEOK Has Fallen 9% since July 14

    Short interest as a percentage of float in ONEOK (OKE) stock is 3.8%. This is lower than mid-July’s reading of 4.1%.

    By Rekha Khandelwal, CFA
  • uploads///analyst recommendations
    Earnings Report

    Three Analysts Upgraded Ferrellgas Partners in December 2016

    On December 8, RBC Capital upgraded Ferrellgas Partners from “underperform” to “sector perform.” Piper Jaffray upgraded FGP from “underweight” to “neutral.”

    By Rekha Khandelwal, CFA
  • uploads///kmi is up  percent in a year
    Company & Industry Overviews

    Will Kinder Morgan Stock Continue to Surge in 2017?

    Kinder Morgan stock has risen 44% in the past year, as compared to Enterprise Products Partners’ 32% rise and ONEOK’s 162% rise.

    By Rekha Khandelwal, CFA
  • uploads///natural gas pipelines volumes
    Company & Industry Overviews

    ONEOK’s Natural Gas Pipelines Segment’s Volume Growth

    ONEOK’s (OKE) natural gas transportation capacity contracted was 6,593 Mdth/d (thousand dekatherms per day) in 3Q17 up from 6,300 Mdth/d in 3Q16.

    By Rekha Khandelwal, CFA
  • uploads///corporate and investment bank segment
    Earnings Report

    JPMorgan’s Trading Revenues Fall 7% in 2Q15

    JPMorgan’s revenues from fixed income markets declined 10% year-over-year in the second quarter of 2015. The drop excludes the impacts of one-off items.

    By Rekha Khandelwal, CFA
  • uploads///top underperformers
    Energy & Utilities

    TRGP, CQP, and NBLX: Top Midstream Gains and Losses

    Targa Resources (TRGP) was the top midstream underperformer last week. Targa Resources fell 8.0% for the week.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Earnings Report

    ONEOK: Top Institutional Investors’ Increased Positions

    The Vanguard Group, State Street Global Advisors, and Neuberger Berman added total net 2.7 million ONEOK shares to their positions.

    By Rekha Khandelwal, CFA
  • uploads///kmi continues to trade weak
    Company & Industry Overviews

    Will Kinder Morgan Stock Continue to Trade Weak?

    Kinder Morgan is trading below its 50-day and 200-day moving average levels. The stock temporarily crossed above the 50-day moving average on September 25.

    By Rekha Khandelwal, CFA
  • uploads///SLB
    Consumer

    Schlumberger: Do Analysts Expect the Stock to Rise?

    For Schlumberger, seven analysts rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///manufacturing at a glance
    Macroeconomic Analysis

    PMI Index: Component Growth Impacts Banks

    A growing economy definitely benefits the banking sector. The impact will be positive for big banks and also for regional banks.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    How a Fall in Fractionation Spread Affected MLPs Last Week

    The Henry Hub-Mont Belvieu fractionation spread fell to $10.1 per barrel for the week ended October 16, 2015.

    By Rekha Khandelwal, CFA
  • uploads///short interest in kmi
    Company & Industry Overviews

    Short Interest in KMI: Reading the Trend

    Short interest in KMI is on the lower side of its average of ~2.5% over the past five years.

    By Rekha Khandelwal, CFA
  • uploads///broker recommendations
    Earnings Report

    EPD’s 3Q16 Results: Is a Recovery in Energy Coming Soon?

    On the current state of the energy industry, EPD’s CEO Jim Teague said, “We are optimistic that the energy industry has weathered the harshest part of this cycle.”

    By Rekha Khandelwal, CFA
  • uploads///whats ahead for oke stock
    Miscellaneous

    Here’s What’s Ahead for Oneok Stock in the Short Term

    Oneok’s (OKE) 50-day and 200-day moving averages might act as resistance and support, respectively, for the stock in the short term.

    By Rekha Khandelwal, CFA
  • uploads///kmi was stable in
    Company & Industry Overviews

    Why Kinder Morgan Rose 3% Last Week

    Kinder Morgan (KMI) rose 2.9% in the week ended Monday, June 5, 2017, recovering from some of its previous losses.

    By Rekha Khandelwal, CFA
  • uploads///ebitda vs consensus estimates
    Earnings Report

    Acquired Assets Drove Holly Energy Partners’ 4Q15 Earnings Growth

    Holly Energy Partners reported its 4Q15 results on February 23, 2016. Its adjusted EBITDA for 4Q15 was $67.4 million, 28% higher than its 4Q14 EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///epds growth capital projects
    Earnings Report

    What Could Drive Enterprise Products Partners’s Growth?

    EPD has $5.3 billion of projects currently under construction that are expected to be operational by the end of 2018.

    By Rekha Khandelwal, CFA
  • uploads///distribution growth
    Earnings Report

    Enterprise Products Is Expected to Increase Distributions in 2015

    Enterprise Products trades at a distribution yield of ~4.9%. One of the reasons for EPD’s relatively lower distribution yield might be its distribution coverage ratio.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Company & Industry Overviews

    What Institutional Investors’ Activity in ONEOK Indicates

    Nearly 75% of ONEOK’s (OKE) outstanding shares are currently held by more than 800 institutional investors.

    By Rekha Khandelwal, CFA
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    Magellan Midstream: Analyzing How Its Segments Performed

    Magellan Midstream Partners’ (MMP) Refined Products segment, which primarily transports gasoline and diesel, earned 61% of its EBITDA for 2Q17.

    By Rekha Khandelwal, CFA
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    What to Make of Magellan Midstream Partners’ Segment Performances

    Magellan Midstream Partners’ (MMP) operational segments are Refined Products, Crude Oil, and Marine Storage.

    By Rekha Khandelwal, CFA
  • uploads///year to date returns
    Macroeconomic Analysis

    USA Compression Partners Beats Peers on Year-to-Date Returns

    USA Compression Partners primarily provides natural gas compression services, which are a necessary part of the natural gas production and transportation process.

    By Rekha Khandelwal, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    How Last Week’s Rise in Natural Gas Prices Impacted MLPs

    Natural gas prices rose to close at $2.5 per MMBtu on October 9. Natural gas prices had hit a three-year low of $2.45 per MMBtu on October 2.

    By Rekha Khandelwal, CFA
  • uploads///epds ebitda by segment
    Company & Industry Overviews

    Which Segment Drives Enterprise Products Partners’ Performance?

    NGL Pipelines & Services is EPD’s largest segment. It contributed 54.0% of EPD’s EBITDA in 3Q16 and rose just 1.0% year-over-year.

    By Rekha Khandelwal, CFA
  • uploads///paa historical growth capital investment
    Company & Industry Overviews

    Inside Plains All American’s Growth Capital Investments

    Growth capital Plains All American Pipeline (PAA) plans to spend $ 1.5 billion on growth capital projects in 2016. The company’s pipelines have increased from nearly 16,000 miles in 2009 to more than 18,000 miles in 2015. The above graph shows the historical growth capital investments in the company’s Transportation segment. The segment’s 1Q16 profit […]

    By Rekha Khandelwal, CFA
  • uploads///kmi leverage
    Earnings Report

    Kinder Morgan’s Net Debt Rises $330 Million in 1Q18

    Kinder Morgan’s (KMI) net debt was ~$37.0 billion at the end of 1Q18, $331 million higher than at the end of 2017.

    By Rekha Khandelwal, CFA
  • uploads///revenue growth
    Company & Industry Overviews

    Visa Offers Consistent Revenue Growth

    Visa (V) has recorded consistent revenue growth over the last few quarters.

    By Rekha Khandelwal, CFA
  • uploads///crude oil demand and supply
    Energy & Utilities

    What Might Cap Rising Crude Oil Prices?

    The US crude oil (USO) supply includes domestic production and imports. The supply gets consumed as inputs to refineries and exports.

    By Rekha Khandelwal, CFA
  • uploads///natural gas price
    Miscellaneous

    What Does Rising Natural Gas Production Mean for Energy MLPs?

    According to the US EIA (Energy Information Administration), US natural gas production averaged 73.6 Bcf/d (billion cubic feet per day) in 2017.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda
    Company & Industry Overviews

    What Does Kinder Morgan’s Valuation Indicate?

    Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 12.0x.

    By Rekha Khandelwal, CFA
  • uploads///epds short interest
    Company & Industry Overviews

    What Short Interest in Enterprise Products Partners Stock Means

    Low short interest in EPD stock most likely indicates that not many investors expect its price to fall further in the near future.

    By Rekha Khandelwal, CFA
  • uploads///price to book ratios relative to roe
    Earnings Report

    Major Litigations End, but Bank of America Faces New Challenge

    In March, the Fed issued a conditional non-objection to Bank of America’s capital plan. It must resubmit its plan and address certain weaknesses.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda multiples
    Company & Industry Overviews

    ETE, EPD, KMI, and WMB: What the Current Valuations Indicate

    Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 11.4x. This is much lower than its five-year average multiple of nearly 17.4x.

    By Rekha Khandelwal, CFA
  • uploads///debt to ebitda ratio
    Company & Industry Overviews

    What Does ONEOK’s Leverage Indicate?

    For 2016, ONEOK’s (OKE) consolidated debt-to-EBITDA ratio was 5.1x. The company expects the ratio to fall to 4.7x for 2017.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Company & Industry Overviews

    More than 70% of the Analysts Rate ONEOK as a ‘Hold’

    Of the analysts surveyed by Reuters, 71% rated ONEOK (OKE) as a “hold.” Nearly 23% rated ONEOK as a “buy,” while 6% rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Company & Industry Overviews

    What Does Institutional Investor Activity in TEP Indicate?

    Tortoise Capital Advisors, Alps Advisors, and Salient Capital Advisors are the top three institutional investors in Tallgrass Energy Partners (TEP).

    By Rekha Khandelwal, CFA
  • uploads///amz and  year treasury yield
    Company & Industry Overviews

    Are Rising Treasury Yields behind the Higher MLP Yields?

    The Alerian MLP Index is trading at a yield of ~7.9%, which is ~5% higher than US ten-year Treasury yields.

    By Rekha Khandelwal, CFA
  • uploads///top oil companies
    Energy & Utilities

    Must-Know: World’s Top Oil Companies by Production

    The US, Saudi Arabia, and Russia are the world’s top three crude oil producers. Let’s take a look at the world’s top oil players by production volumes.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Consumer

    Schlumberger’s Q1 Earnings Are Expected to Fall 21%

    Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share.

    By Rekha Khandelwal, CFA
  • uploads///mobile banking
    Company & Industry Overviews

    US Banking Sector: Key Trends and Outlook

    Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.

    By Rekha Khandelwal, CFA
  • uploads///LNG
    Company & Industry Overviews

    An Overview of US LNG Production and Exports

    Investors may be seeing a lot of reports about rising US LNG (liquefied natural gas) exports. Let’s review the basics of LNG.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Consumer

    Analyzing Halliburton’s Q4 Earnings

    Halliburton reported its fourth-quarter results on January 22. The company’s EPS fell to $0.41 from $0.53 per share in the fourth quarter of 2017.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Consumer

    Helmerich & Payne’s Q1 Results and 2019 Outlook

    Helmerich & Payne reported its first-quarter results on January 29. The company reported an EPS of $0.17 for the quarter ending December 31.

    By Rekha Khandelwal, CFA
  • uploads///Altria
    Company & Industry Overviews

    Altria’s Dividend Yield Gets More Attractive

    On August 23, the markets tumbled due to the escalating trade war. The S&P 500 Index lost around 2.6%. Altria stock held out and lost just 0.4%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    Oil Prices Fell, Dragged Top Midstream Companies Last Week

    Crude oil prices fell more than 10% in the week ending November 23. The top midstream companies also fell last week.

    By Rekha Khandelwal, CFA
  • uploads///ebitda vs consensus estimates
    Earnings Report

    Higher Volumes Drive ONEOK’s 2Q16 Earnings Growth

    ONEOK (OKE) reported its 2Q16 results on August 2, 2016, after the Market closed. Its 2Q16 analyst-adjusted EBITDA increased 15.2%.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Energy & Utilities

    Weekly Wrap-Up: Kinder Morgan Fell Marginally Last Week

    Kinder Morgan (KMI) stock fell 0.3% in the week that ended on June 8.

    By Rekha Khandelwal, CFA
  • uploads///top gainers
    Energy & Utilities

    HEP, ENBL, GEL, DM: Top MLP Gainers Last Week

    Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers last week.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Company & Industry Overviews

    Are Institutional Investors Bullish on Calumet Specialty?

    Heritage Group and Calumet are the top two investors in Calumet Specialty Products Partners (CLMT).

    By Rekha Khandelwal, CFA
  • uploads///kmi is down  percent ytd
    Energy & Utilities

    Kinder Morgan: Analysts Cut the Target Price Last Week

    Kinder Morgan (KMI) stock is trading 7% and 9% below its 50-day and 200-day moving averages, respectively.

    By Rekha Khandelwal, CFA
  • uploads///how did oke fare last week
    Company & Industry Overviews

    ONEOK Stock Rose Compared to the Energy Sector Last Week

    ONEOK (OKE) rose 4.4% for the week ending March 31, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2%.

    By Rekha Khandelwal, CFA
  • uploads///stock market pic
    Company & Industry Overviews

    Enbridge Stock Fell 5.9% Due to Pipeline Delay, Downgrades

    On March 4, Enbridge (ENB) fell 5.9% due to the expected delay in its Line 3 Replacement project.

    By Rekha Khandelwal, CFA
  • uploads///top midstream gainers
    Energy & Utilities

    Recommendations for Top Midstream Gainers of 2019

    As 2019 comes to a close, let’s look at the top energy midstream gainers. ONEOK (OKE) stock has risen 35% in 2019, outperforming its midstream peers.

    By Rekha Khandelwal, CFA
  • uploads///HP
    Consumer

    Helmerick & Payne: Analysts See 22% Upside Potential

    The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.

    By Rekha Khandelwal, CFA
  • uploads///american express revenue and income growth
    Company & Industry Overviews

    American Express: Opportunities Abound in a Challenging Market

    Co-branding relationships are an important part of the American Express business model. The costs of renewing and extending these relationships is increasing.

    By Rekha Khandelwal, CFA
  • uploads///stocks with yields
    Company & Industry Overviews

    Top Midstream Stocks Offer Yields above 7%

    Let’s take a look at midstream stocks trading at attractive yields. The stocks have a market capitalization of over $5 billion and yields over 7.0%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

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

    Last week, Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    OKE, ETE, MPLX, PAA: How Top Midstream Stocks Fared Last Week

    After a 0.4% gain in the previous week, the Alerian MLP Index fell 0.5% last week. The Index is up 1.2% YTD (year-to-date), whereas on a total return basis—which includes distributions—the index is up ~7.3% YTD.

    By Rekha Khandelwal, CFA
  • uploads///McDonalds strength and weaknesses
    Company & Industry Overviews

    McDonald’s Risks, Strengths, and Weaknesses

    The restaurant industry is susceptible to a wide array of risks of macro and micro factors. As a huge global brand, McDonald’s faces several risks.

    By Rekha Khandelwal, CFA
  • uploads///ebitda trend
    Company & Industry Overviews

    Why Energy Transfer Partners’ Earnings Are on the Rise

    Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    MLPs Have Outperformed Broader Markets So Far in 2019

    Top MLP and midstream stocks have performed strongly so far in 2019. Stocks surged across the board.

    By Rekha Khandelwal, CFA
  • uploads///emlp outperformed amlp
    Real Insights

    EMLP Outperformed AMLP: What Investors Should Know

    The Alerian MLP ETF (AMLP) and the First Trust North American Energy Infrastructure Fund (EMLP) are two of the largest MLP ETFs.

    By Rekha Khandelwal, CFA
  • uploads///kmi fell
    Company & Industry Overviews

    Kinder Morgan Fell 1.8% Last Week—What’s Next?

    Kinder Morgan (KMI) fell 1.8% last week (ended October 20), while Enterprise Products Partners (EPD) and ONEOK (OKE) fell ~4.3% and ~0.8%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///AdobeStock_
    Materials

    Five High-Dividend Stocks You Should Watch

    Let’s take a look at five stocks that are trading with high dividend yields and the risks involved with each.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    Why Last Week’s Fall in Fractionation Spread Affects MLPs

    The Henry Hub–Mont Belvieu fractionation spread fell to $6.82 per barrel for the week ended August 28, 2015. The spread was $7.03 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    87% of Analysts Rate Hi-Crush Partners as a ‘Buy’

    Analysts surveyed by Reuters seem bullish on Hi-Crush Partners (HCLP) with 87% rating the MLP as a “buy” and the remaining 13% rating it a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Halliburton Has Underperformed Its Peers in 2018—What’s Ahead?

    Halliburton (HAL) stock has fallen ~18% in 2018, underperforming its sector peers. HAL stock fell significantly after its Q2 earnings.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Earnings Report

    Higher Permian Volumes Drove Plains All American’s 1Q18 Results

    Plains All American Pipeline reported its 1Q18 results on May 8 after the market closed. The company reported 16% YoY growth in the adjusted EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///okes ytd returns exceed peers
    Earnings Report

    Will ONEOK’s 2Q16 Results Contribute to Its Outperformance?

    ONEOK (OKE) has generated total returns of 86% so far in 2016. In comparison, KMI, OKS, and WMB have generated total returns of 35%, 40%, and -0.2%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///kmi fell
    Miscellaneous

    Kinder Morgan Continued to Fall Last Week

    Kinder Morgan (KMI) fell 1.4% for the week ending May 12, 2017. It fell 2.1% the previous week ending May 5, 2017. XLE rose 0.7% last week.

    By Rekha Khandelwal, CFA
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    Miscellaneous

    The US Imports Oil from These Countries

    The US imported ~3.6 billion barrels of crude oil and petroleum products in 2018.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Kinder Morgan Gained Marginally in the Week Ended March 16

    Kinder Morgan (KMI) stock was up 0.5% in the week ended March 16, 2018. Crude oil prices were up 0.5% for the week.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Top Midstream Stocks Ended Last Week with Gains

    The top midstream sector stocks including Energy Transfer (ET), MPLX (MPLX), and Kinder Morgan (KMI) rose during the week ending February 1.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Top Three MLPs for Income Investors

    There’s a widespread consensus that the worst is over for the MLP sector. Savvy investors seem to be willing to give the sector a second chance.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    Analyzing Trends in Top Midstream Companies’ Price Targets

    Six out of the top ten midstream companies currently have a lower mean price target than they had a year ago.

    By Rekha Khandelwal, CFA
  • uploads///DPW Holdings
    Financials

    Why DPW Holdings Stock Soared Over 400% Yesterday

    DPW Holdings stock soared over 400% on August 19 after the company announced the relaunching of online fintech portal MonthlyInterest.com.

    By Rekha Khandelwal, CFA
  • uploads///eep fell  percent on jan
    Miscellaneous

    Enbridge Acquires Midcoast Energy Partners: Key Highlights

    On January 27, 2017, Midcoast Energy Partners (MEP) announced an agreement with Enbridge Energy (EECI), an indirect wholly-owned subsidiary of Enbridge (ENB).

    By Rekha Khandelwal, CFA
  • uploads///cpgx gains on news of trp deal
    Miscellaneous

    TransCanada Acquired Columbia Pipeline Group for $13 Billion

    On March 17, TransCanada announced the acquisition of Columbia Pipeline Group in an all-cash deal. TransCanada will pay $25.5 per Columbia Pipeline Group share.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    NBLX, WGP, CLMT, CVRR: The Weakest MLPs in the Third Quarter

    Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112.

    By Rekha Khandelwal, CFA
  • uploads///Energy stocks
    Consumer

    Do US Energy Stocks Look Promising?

    Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Miscellaneous

    EEP on the Street: What the Analysts Are Saying

    The median target price for EEP as provided by surveyed analysts is $24, which implies a 37% price return in one year from EEP’s current price of $17.48.

    By Rekha Khandelwal, CFA
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    Earnings Report

    Highlights from Kinder Morgan’s Fourth-Quarter Earnings

    Kinder Morgan reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY.

    By Rekha Khandelwal, CFA
  • uploads///top gainers and losers
    Company & Industry Overviews

    LNG, TRGP, SEMG: Last Week’s MLP and Midstream Gains and Losses

    Cheniere Energy (LNG) rose 3.6% last week on news of a possible deal to supply liquefied natural gas to China Petroleum & Chemical or Sinopec.

    By Rekha Khandelwal, CFA
  • uploads///ebitda vs estimates
    Earnings Report

    PAA Fell 12% in After-Hours Trading on Potential Distribution Cuts

    Plains All American Pipeline (PAA) announced its 2Q17 results on August 7, 2017, after the markets closed.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Earnings Report

    Is Kinder Morgan a ‘Buy’ Ahead of Its Q1 Results?

    Around 76% of Reuters-surveyed analysts have rated Kinder Morgan (KMI) as a “buy” or a “strong buy” as of April 9.

    By Rekha Khandelwal, CFA
  • uploads///analysts bullish on kmi
    Company & Industry Overviews

    The Word on the Street: What Analysts Are Saying about Kinder Morgan

    The analyst average target price for KMI for the next year is $24.8, which implies a 15% price return, as compared to KMI’s current price of $21.5.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Earnings Report

    Are Institutional Investors Bullish on ONEOK?

    Institutions and strategic entities hold nearly 69.3% of ONEOK’s outstanding shares. ONEOK has 0.4 billion outstanding shares.

    By Rekha Khandelwal, CFA
  • uploads///meps operational metrics
    Company & Industry Overviews

    Commodity Prices Impact Midcoast Energy’s Operations

    Midcoast Energy Partners’ (MEP) natural gas throughput volumes fell in 2Q15 compared to 1Q15 and 2Q14. The decrease was primarily due to the low commodity price environment for natural gas and NGLs.

    By Rekha Khandelwal, CFA
  • uploads///top performers
    Energy & Utilities

    LNG and EQM: Which Midstream Companies Outperformed Last Week?

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    By Rekha Khandelwal, CFA
  • uploads///key transactions announced
    Company & Industry Overviews

    ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter

    There were quite a few MLP merger announcements in the third quarter.

    By Rekha Khandelwal, CFA
  • uploads///propane sales fell
    Earnings Report

    Ferrellgas Partners’s Bridger Acquisition: What Went Wrong?

    Ferrellgas Partners has terminated a ten-year transportation and logistics agreement with Jamex Marketing.

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  • uploads///analyst recommendations for kmi
    Earnings Report

    What Are Analysts’ Recommendations for Kinder Morgan?

    Of the analysts surveyed by Reuters, ~66.7% rated Kinder Morgan (KMI) as a “buy” and ~33.3% rated it as a “hold.” None of the analysts rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///epd outperformed peers last week
    Company & Industry Overviews

    Enterprise Products Partners Outperformed Its Peers Last Week

    Enterprise Products Partners (EPD) recently announced a distribution increase for 3Q17. EPD is scheduled to report its 3Q17 results on November 2, 2017.

    By Rekha Khandelwal, CFA
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