ONEOK Inc

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  • What is XLE? Exploring Midstream Energy Company Exposure
    Macroeconomic Analysis

    What is XLE? Exploring Midstream Energy Company Exposure

    Companies in the midstream sector that are included in the XLE portfolio include Kinder Morgan, Oneok, the Williams Company, and Spectra Energy.

    By Liam Odalis
  • Overview: ONEOK Partners and its 3 operating segments
    Energy & Utilities

    Overview: ONEOK Partners and its 3 operating segments

    ONEOK Partners (OKS) is a master limited partnership (or MLP) engaged in gathering, processing, storing, and transporting natural gas and natural gas liquids (or NGLs) in the U.S.

    By Keisha Bandz
  • 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///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///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///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///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///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///Frac spread
    Macroeconomic Analysis

    Key for Investors: The Fractionation Spread Rose Last Week

    The Henry Hub–Mont Belvieu fractionation spread rose to $13.0 per barrel in the week ending May 13, 2016. The spread was $12.4 per barrel in the previous week.

    By Kurt Gallon
  • 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///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///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///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///natural gas pipelines
    Energy & Utilities

    Overview: ONEOK Partners’ natural gas pipelines segment

    ONEOK Partners’ (OKS) natural gas pipelines segment owns and operates regulated interstate and intrastate natural gas pipelines and natural gas storage facilities.

    By Keisha Bandz
  • 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///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///nspc
    Energy & Utilities

    Drivers behind Williams Companies’ Recent Market Performance

    William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.

    By Kurt Gallon
  • uploads///performance by subgroup
    Miscellaneous

    Why Gathering and Processing MLPs Outperformed in 1Q17

    Gathering and processing MLPs were the best performing MLPs in the first quarter of 2017. The subgroup rose 14.7%.

    By Kurt Gallon
  • 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///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///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///featured image
    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///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///featured image
    Company & Industry Overviews

    ONEOK Stock Continues to Surge, Up 19% Year-to-Date

    ONEOK (OKE) stock has continued to build upon its gains in 2018.

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

    Kinder Morgan to Decide on the Trans Mountain Expansion

    Kinder Morgan (KMI) stock fell 1.1% in the week ending May 25 and outperformed the Energy Select Sector SPDR ETF (XLE), which fell 4.5% for the week.

    By Rekha Khandelwal, CFA
  • uploads///Analyst recommendation
    Earnings Report

    Analysts’ Recommendations for Williams Partners

    At a broader level, ~50% of analysts surveyed by Bloomberg rate Williams Partners a “buy” and the remaining ~50% rate it a “hold.”

    By Kurt Gallon
  • uploads///natural gas liquids segment operating data
    Company & Industry Overviews

    ONEOK Partners: Natural Gas Liquids Segment Generates Most Income

    The volume of NGLs transported on ONEOK distribution lines decreased mainly because of diminished optimization activity.

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

    KMI, EPD, ETE, and OKE: Key Midstream Rating Updates

    Credit Suisse gave a “neutral” rating to Magellan Midstream Partners (MMP), ONEOK (OKE), and Sunoco (SUN).

    By Rekha Khandelwal, CFA
  • uploads///how did oke fare last week
    Miscellaneous

    Amid the Fall in Crude Oil, ONEOK Ended Positive Last Week

    ONEOK (OKE) rose 0.5% during the week ending March 24, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 1.8% last week.

    By Rekha Khandelwal, CFA
  • uploads///Flattening Yield Curve
    Company & Industry Overviews

    What Does the Flattening Yield Curve Indicate for Investors?

    Bond markets are experiencing rising yields due to higher economic growth expectations. However, the 10-Year Treasury yield was still low at 2.4% on March 29, 2017

    By Mary Sadler
  • uploads///featured image
    Energy & Utilities

    How Crude Oil Prices Could Impact Energy MLPs in 2018

    In this series, we’ll look at some of the key indicators that impact MLP performance in the long term.

    By Rekha Khandelwal, CFA
  • uploads///gathering and processing segment
    Energy & Utilities

    ONEOK Partners’ natural gas gathering and processing segment

    ONEOK Partners’ (OKS) natural gas gathering and processing segment provides natural gas gathering, compression, treatment, and processing services to natural gas producers.

    By Keisha Bandz
  • uploads///featured image
    Earnings Report

    Growth Projects Drove TransCanada’s Strong Q3 Results

    TransCanada reported its third-quarter results on November 1. The company reported comparable earnings of 902 million Canadian dollars.

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

    Magellan Midstream Reported 15% Growth in 2Q17 Earnings

    Magellan Midstream Partners (MMP) reported its 2Q17 earnings on August 2, 2017.

    By Rekha Khandelwal, CFA
  • uploads///supply factors
    Energy & Utilities

    Must-know: Supply-related factors that affect ONEOK Partners

    Natural gas, crude oil, and NGL (or natural gas liquid) supply is affected by several factors that could be supply related or demand related.

    By Keisha Bandz
  • uploads///featured image
    Earnings Report

    ONEOK’s 1Q18 Earnings Rose 24% Due to Higher Volumes

    ONEOK (OKE) reported its 1Q18 results yesterday. The company’s adjusted EBITDA grew 24% YoY in 1Q18.

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

    Weekly Wrap-Up: Kinder Morgan Rose 1.5% Last Week

    Kinder Morgan (KMI) stock rose 1.5% for the week ending July 6. Enterprise Products Partners (EPD) ended the week marginally down.

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

    Kinder Morgan Fell 0.5% in the Week Ending June 15

    Kinder Morgan (KMI) fell 0.5% in the week ending June 15. The stock outperformed Enterprise Products Partners (EPD) and ONEOK (OKE).

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

    Why Is ONEOK Outperforming Its Peers in 2018?

    ONEOK (OKE) stock is up nearly 4% so far in 2018.

    By Rekha Khandelwal, CFA
  • uploads///LAMR
    Energy & Utilities

    Magnetar Capital starts new positions in DNR, OKE, LAMR, and KMI and sells PFE and ZTS—13F Flash C

    In this six-part series, we’ll go through some of the main positions Magnetar traded this past quarter. Why buy Lamar Advertising Co. (LAMR)?

    By Samantha Nielson
  • uploads///featured image
    Company & Industry Overviews

    KMI, WMB, and OKE: Understanding Their Key Business Focus

    Kinder Morgan transports natural gas, refined petroleum, crude oil, condensate, CO2, and other products through its network of pipelines.

    By Rekha Khandelwal, CFA
  • uploads///how did oke fare last week
    Miscellaneous

    Weakness in ONEOK Continues, Stock Fell 2.8% Last Week

    ONEOK (OKE) fell 2.8% in the week ending March 17, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 0.3% last week.

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

    Top MLP Funds Have Generated Negative Returns in 2018

    The Kayne Anderson MLP Investment Company is the largest closed-end MLP fund with assets under management of more than $3 billion.

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

    Kinder Morgan Fell 8.5% Last Week, Hit New 52-Week Low

    With a 2.3% fall on Friday, March 23, Kinder Morgan (KMI) was down 8.5% for the week.

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

    Natural Gas Pipelines Drove Kinder Morgan’s Earnings Growth

    Kinder Morgan (KMI) reported its second-quarter results on July 18 after the markets closed. The company reported an EPS of -$0.08.

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

    MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last Week

    The top midstream sector stocks ended mixed last week. Magellan Midstream Partners (MMP) and Kinder Morgan (KMI) rose 4.6% and 2.2%.

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

    KMI, OKE, WMB: Midstream Stocks Tumbled Last Week

    Top midstream stocks including Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) fell last week.

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    Are Analysts Bullish on Williams Companies?

    About 78.0% of analysts rate Williams Companies (WMB) a “buy,” while the remaining 22.0% rate it a “hold” as of August 21, 2017.

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    ONEOK Reports Strong Q3 Results, Beats Estimates

    ONEOK reported its third-quarter results on October 30 after the markets closed. The company’s EPS of $0.75 beat the consensus estimates.

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    Teekay Offshore Partners’ Upgrade Last Week

    Teekay Offshore Partners (TOO) was the only MLP to see a rating update last week. Let’s take a closer look.

    By Kurt Gallon
  • uploads///oil _
    Energy & Utilities

    These Midstream Players Have Created Maximum Wealth for Investors

    In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

    By Kurt Gallon
  • uploads///oke has outperformed
    Company & Industry Overviews

    Why ONEOK Has Outperformed Its Peers in 2018

    ONEOK (OKE) stock has risen ~21% so far in 2018, outperforming its peers in the midstream sector.

    By Rekha Khandelwal, CFA
  • uploads///US NG Inv
    Macroeconomic Analysis

    Explaining the Rising US Natural Gas Inventories and Falling Prices

    The EIA report for the week ending September 25 showed that US natural gas inventories increased by 98 Bcf, rising to 3,538 Bcf that week.

    By Keisha Bandz
  • uploads///organizational structure
    Energy & Utilities

    Must-know: Why ONEOK restructured its business, creating ONE Gas

    Earlier this year, ONEOK (OKE) created a new stand-alone publicly traded company called ONE Gas (OGS), separating its natural gas distribution business into a separate dedicated company. The company believes that by having two separate companies, each of the companies will have a greater focus on its individual strategy, financial strength, and growth potential.

    By Keisha Bandz
  • uploads///stock performance
    Company & Industry Overviews

    Enterprise Products Trades 6.5% below 50-Day Moving Average

    Enterprise Products Partners (EPD) is currently trading 6.5% below its 50-day moving average and 21% below its 200-day moving average. EPD stock has fallen 33% since the start of 2015.

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

    ONEOK: What Are Analysts’ Recommendations?

    Nearly 60% of the analysts surveyed by Reuters rated ONEOK (OKE) as a “hold,” 33% rated it as a “buy,” and the remaining 7% rated it as a “sell.”

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

    What Does Increased Short Interest in ONEOK Indicate?

    For ONEOK, the short interest is ~23.4 million shares, while the average daily trading volume over the last 30 days is ~2.9 million shares.

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

    How a Fall in Fractionation Spread Impacted MLPs

    The Henry Hub–Mont Belvieu fractionation spread fell to $8.10 per barrel in the week ended January 1, 2016. The spread was $10.60 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///analyst ratings for energy stocks
    Energy & Utilities

    Will Energy Pipeline Stocks Meet Analysts’ Ratings?

    The analyst ratings are based on rigorous analysis of fundamentals. Let’s take a look at these ratings and price targets for top energy stocks.

    By Rekha Khandelwal, CFA
  • uploads///ONEOK institutional investors
    Energy & Utilities

    ONEOK Institutional Investors and Analyst Ratings

    Let’s take a look at what institutional investors are doing with their ONEOK holdings. We’ll also see analyst ratings for the stock.

    By Rekha Khandelwal, CFA
  • uploads///Map
    Energy & Utilities

    Why ONEOK Partners acquires Permian assets from Chevron

    On October 27, ONEOK Partners (OKS) announced that it agreed to acquire Chevron Corporation’s (CVX) natural gas liquids (or NGLs) pipeline assets.

    By Alex Chamberlin
  • uploads///ONEOK
    Energy & Utilities

    Why ONEOK Stock Is Outperforming Its Peers This Year

    This year, ONEOK (OKE) stock has risen roughly 32%, while peers Kinder Morgan (KMI) and Williams Companies (WMB) are up 26% and 3%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///natural gas liquids
    Energy & Utilities

    Overview: ONEOK Partners’ natural gas liquids segment

    ONEOK Partners’ (OKS) natural gas liquids segment provides natural gas liquid gathering, fractionation, transportation, marketing, and storage services to its producers.

    By Keisha Bandz
  • uploads///Nat Gas Pipelines
    Energy & Utilities

    High contract volume: A steady cash flow for Natural Gas Pipeline

    The operating income for the Natural Gas Pipeline segment for 1Q14 was $55.1 million versus an operating income of $48.7 million in 4Q13, an increase of ~13%.

    By Alex Chamberlin
  • uploads///whats ahead for oke stock
    Energy & Utilities

    ONEOK Has Fallen 7% in 2017: What’s Next?

    ONEOK (OKE) is trading 3% below its 50-day moving average and 3.5% above its 200-day moving average.

    By Rekha Khandelwal, CFA
  • uploads///midstream stocks near  week low
    Basic Materials

    Midstream Stocks Approach 52-Week Lows: Time to Buy?

    Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.

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

    Top Midstream Energy Stocks: What Analysts Got Wrong

    Despite stable earnings and dividend growth, MLP stocks are depressed. We look at the top midstream energy stocks’ performance in the past 12 months.

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

    What Makes Kinder Morgan Stock Attractive?

    Kinder Morgan (KMI) currently trades at an attractive yield of about 5%. It expects to raise its dividends by 25% in 2020.

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

    Energy Stocks: Operational Metrics, Valuation, Outlook

    Production volumes, production costs, and finding and development costs are key metrics to consider when analyzing energy stocks’ upstream operations.

    By Rekha Khandelwal, CFA
  • uploads///us energy sector
    Company & Industry Overviews

    The US Energy Sector: An Overview

    To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.

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

    Why These Three Dividend Stocks Are a Buy Now

    Let’s take a look at three C-corp dividend stocks in the midstream sector that offer attractive total return potential, with very attractive yields.

    By Rekha Khandelwal, CFA
  • uploads///recommendations summary
    Energy & Utilities

    Which Top Midstream Companies Have an Attractive Upside

    Of the top midstream companies we’ve discussed in this series, only ONEOK (OKE) and Cheniere Energy (LNG) have met analysts’ mean price targets from a year ago.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Earnings Report

    Recent Changes in Enterprise Products Partners’ Short Interest

    The short interest in Enterprise Products Partners (EPD) stock rose from 24.9 million shares on March 15 to 25.7 million shares on March 29.

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

    Kinder Morgan’s Q1 Earnings Meet Estimates

    Kinder Morgan (KMI) reported its first-quarter results after the markets closed yesterday.

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

    Kinder Morgan’s Q1 Earnings Are Expected to Rise 9%

    Kinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16.

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

    Enbridge: 74% of the Analysts Recommend a ‘Buy’

    Around 74% of the Reuters-surveyed analysts have rated Enbridge as a “buy” or “strong buy,” while the remaining analysts rate it as a “hold.”

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

    Enbridge: Why Income Investors Are Attracted to the Stock

    Enbridge has paid dividends for more than 64 years. Enbridge has increased its dividends for 24 consecutive years.

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

    Midstream Stocks Outperformed Broader Markets in Q1

    Crude oil prices rose ~32% in the first quarter. The strength in crude oil prices and strong fourth-quarter performances drove midstream stocks.

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

    Rising Gas Production Should Benefit Midstream Stocks

    US natural gas production continues to surge. It rose by 11% in 2018, the highest ever annual increase.

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

    Will KMI, WMB, and OKE Maintain Their Rally?

    So far, midstream stocks Kinder Morgan (KMI), ONEOK (OKE), and Williams Companies (WMB) have each risen ~30% in 2019.

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

    Investing in MLPs: Why Yield Isn’t Everything

    As investors, it can be difficult to escape from the lure of high yields. The idea of high and regular income looks attractive.

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

    Why Crude Oil Prices Drive Midstream Stocks

    So far, US crude oil prices have risen ~25% in 2019. The strength in oil prices is reflected in energy stocks’ year-to-date performance.

    By Rekha Khandelwal, CFA
  • uploads///OKE anr
    Energy & Utilities

    ONEOK and AmeriGas Partners: Target Price Revisions Last Week

    On March 1, Stifel raised its target price for ONEOK from $58 to $69. On February 27, Mizuho raised its target price from $70 to $73.

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

    Will Kinder Morgan Maintain Its Upward Momentum?

    Kinder Morgan (KMI) and Williams Companies (WMB) have each risen ~24% in 2019. In comparison, ONEOK (OKE) has risen ~27%.

    By Rekha Khandelwal, CFA
  • uploads///analysts ratings
    Energy & Utilities

    Key MLP and Midstream Rating Updates Last Week

    On January 16, Barclays raised its rating for Williams Companies (WMB) from “equal weight” to “overweight.”

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

    OKE, VNOM, and NGL: Top MLP and Midstream Gains Last Week

    Hi-Crush Partners (HCLP), Viper Energy Partners (VNOM), and Dorchester Minerals (DMLP) were among the top MLP gainers last week.

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

    Midstream Stocks Gained for the Third Straight Week

    Midstream stocks and MLPs continued to gain in the third week of 2019. The Alerian MLP Index rose 1.9% in the week ending January 18.

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

    How Top Midstream Stocks Could Perform in 2019

    With simplified structures and greater financial discipline, MLPs look better-equipped to perform in the volatile commodity price environment.

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

    MPLX Stock: Analysts Expect 22% Upside

    MPLX’s mean target price is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week

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    Energy & Utilities

    VNOM, EEQ, OKE, LNG: Top MLP and Midstream Gains Last Week

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    By Rekha Khandelwal, CFA
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