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.
In this part of the series, we’ll look at the recent institutional activity for Western Gas Partners (WES), the MLP subsidiary of Anadarko Petroleum Corporation (APC).
Suburban Propane Partners (SPH), the MLP involved in retail marketing and the distribution of propane, was upgraded by UBS last week, which ended on January 5, 2017.
So far in this series, we’ve analyzed the four selected peers, Energy Transfer Equity (ETE), Plains GP Holdings (PAGP), Western Gas Equity Partners (WGP), and Williams Companies (WMB), based on their organizational structure…
Energy Transfer Equity’s (ETE) distribution income fell to $317 million in 3Q17, compared to $344 million in the same quarter of prior year, a year-over-year fall of 7.8%.
Western Gas Partners was trading at a price-to-DCF multiple of 9.5x at the end of 2Q17. It’s trading at a price-to-DCF multiple of 8.5x as of October 17, 2017.
On October 12, 2017, Western Gas Partners (WES) announced its 3Q17 distribution ahead of its earnings release. It declared a distribution of $0.905 per share.
Western Gas Partners (WES) and its GP (general partner) Western Gas Equity Partners (WGP) are scheduled to release their 3Q17 earnings on October 31, 2017.
Of analysts surveyed by Reuters, 63.0% of analysts rate Energy Transfer Equity (ETE) a “buy” as of September 27 while the remaining 37.0% rate it a “hold.”
WMB was trading 2.6% above its 200-day moving average on September 18, while ETE, PAGP, and WGP were trading 3.2%, 20.9%, and 6.9%, respectively, below.
The four MLP partners we’ll compare in this series are Energy Transfer Equity, Western Gas Equity Partners, Plains GP Holdings, and Williams Companies.
Analysts’ ratings for Western Gas Partners Of the analysts covering Western Gas Partners (WES), 53.0% recommend “buy,” 42% recommend “hold,” and 5.0% recommend “sell” as of August 17, 2017. WES had no “sell” ratings until it was downgraded from “neutral” to “underperform” by Bank of America Merrill Lynch in February 2017. Overall, the partnership has […]
Western Gas Partners (WES) rose above its 50-day moving average as a result of its recent rally, which might indicate a bullish sentiment in the stock.
Energy Transfer Equity (ETE) has “buy” ratings from 63.0% of analysts surveyed by Reuters, while the remaining 37.0% rate it as a “hold” as of July 10, 2017.
Short interest in EnLink Midstream LLC (ENLC) as a percentage of its float is the highest among its peers. ENLC’s 8.9% is followed by Energy Transfer Equity’s (ETE) 7.1%.
Western Gas Equity Partners (WGP) has the lowest distribution yield among its peers at 4.5%. This low yield can be attributed to its strong historical distribution growth and robust guidance.
Plains GP Holdings (PAGP) announced a distribution cut in 3Q16. Based on this distribution cut, PAGP declared a distribution of $0.55 per unit for 1Q17, an 11.3% fall YoY (year-over-year).
In this series, we’ll perform a comparative analysis of four MLPs’ general partners: Energy Transfer Equity, Plains GP Holdings, Western Gas Equity Partners, and EnLink Midstream LLC.
Energy Transfer Equity (ETE), which directly and indirectly owns the general partner of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), rose 2.4% last week.
Energy Transfer Equity (ETE) currently trades at a price-to-distributable cash flow of 17.1x. This is low compared to its ten-quarter average of 19.8x.
MLPs generally have an LP-GP (limited partner and general partner) model structure in which the LP is a publicly traded entity and owns the majority of the operating assets.
Western Gas Partners (WES) announced the acquisition of 100% interest in Springfield Pipeline from its sponsor, Anadarko Petroleum (APC), for $750 million.
The distributable cash flow drives Energy Transfer Equity’s distributions. Its fiscal 3Q15 distributable cash flow rose by 38.9% YoY compared to fiscal 3Q14.
The Yorkville High Income Infrastructure MLP ETF (YMLI) launched in February 2013. Major constituents of YMLI include Sunoco Logistics Partners LP (SXL) and Western Gas Equity Partners LP (WGP).
