Western Gas Equity Partners LP
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High-Yield MLPs: What Wall Street Recommends
Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters.
7 MLPs Offering a Yield above 7%
MLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%.
AM, NGL, AMGP, and SPH Outperformed Last Week
On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction.
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.
Which MLPs Gained the Most Last Week?
Last week, Noble Midstream Partners, Western Gas Equity Partners, and DCP Midstream Partners were among the top MLP gainers.
ENLK, BPL, and CEQP: The Top MLP Gainers Last Week
EnLink Midstream Partners (ENLK) rose 7.7% last week. The stock has gained substantially since its strong second-quarter results.
Are Wall Street Analysts Bullish on Energy Transfer Equity?
About 72.0% of analysts surveyed by Reuters rated Energy Transfer Equity (ETE) as a “buy” on April 20, while the remaining 28.0% rated it as a “hold.”
WGP Ranks Ninth among Its Peers in Terms of Upside Potential
Western Gas Equity Partners (WGP), the MLP GP (general partner) of Western Gas Partners (WES), has fallen 11.1% since the start of this year.
EQT Midstream at 4-Year Lows: How Much Upside Does It Offer?
EQT Midstream Partners was trading at a forward EV-to-EBITDA multiple of 6.6x on March 30, 2018.
These Top Midstream Companies Offer Maximum Upside Potential
In this series, we’ll look into ten midstream players’ market performances, upside potentials, valuations, and analyst recommendations.
MLP Rating Updates for the Week Ended March 30
Cheniere Energy Partners (CQP), the MLP midstream subsidiary of Cheniere Energy (LNG), saw an upward revision of its target price last week.
ETE, WMB, PAGP, and WGP: Analyzing Technical Indicators
The short interest in Energy Transfer Equity (2.9%) and Plains GP Holdings (2.9%) as a percentage of float ratio is the highest among the peers.
Energy Transfer Equity: Highest Leverage among Its Peers
Energy Transfer Equity continued to have the highest leverage among its peers with net debt-to-adjusted EBITDA ratio at 5.9x by the end of 4Q17.
First Reserve Unloaded Major Position in WES
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).
What ETE’s and ETP’s Valuations Indicate before the 4Q17 Earnings
Energy Transfer Partners was trading at a forward EV-to-EBITDA multiple of 8.0x on February 14, which is below the one-year average of 10.3x.
Why PAA Was the Biggest MLP Loser Last Week
Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.
MLP Rating Updates for Week Ended January 5
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.
These MLPs Rose More Than 9% in Week Ended January 5
CVR Partners (UAN) was the top MLP gainer last week, which ended on January 5, 2018. It rose 23.2%.
How Analysts Rate Energy Transfer Equity
76.0% of analysts surveyed by Reuters rate Energy Transfer Equity (ETE) a “buy,” while the remaining 24.0% rate it a “hold.”
Analyst Ratings: WMB Has the Most ‘Buys,’ WGP the Most ‘Holds’
In this article, we’ll look at the analyst recommendations for the four peers in this series. Let’s start with Energy Transfer Equity (ETE).
Williams Companies Has the Lowest Valuation among Its Peers
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…
ETE, PAGP, WGP, WMB: Analyzing Earnings Growth in 3Q17
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%.
JPMorgan Lowered Energy Transfer Equity’s Target Price
JPMorgan recently lowered Energy Transfer Equity’s (ETE) target price to $20 from $22. However, it kept its rating unchanged.
This Institution Stocked up on Western Gas Equity Partners in 3Q17
Among the top institutional holders in WGP, ~1.3 million positions were added, which indicates a bullish sentiment toward the stock.
Western Gas Partners: What Its Valuations Indicate ahead of 3Q17
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.
Western Gas Partners Announced 1.7% Distribution Increase
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.
Why Analysts Expect Western Gas Partners’ 3Q17 Earnings to Fall
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.
Top MLP Losers in the Week Ending September 22
Ferrellgas Partners (FGP), which is involved in propane logistics and distribution, was the top MLP loser in the week ending September 22.
What the Technical Indicators Tell Us about ETE, WMB, PAGP, and WGP
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.
Inside the Growth Prospects of ETE, WMB, PAGP, and WGP
Energy Transfer Partners (ETP) has a capital budget of $3.9 billion for 2017, of which $1.7 billion was spent in the first half of the year.
Why Energy Transfer Equity Has the Highest Leverage among Peers
ETE’s net-debt-to-EBITDA ratio stood at 6.9x at the end of 2Q17, followed by WMB’s and PAGP’s ratios of 5.1x and 4.8x, respectively, as of June 30.
Distribution Growth Guidance among MLPs: ETE, WMB, PAGP, and WGP
Plains GP Holdings (PAGP) declared a flat distribution of $0.55 per unit for 2Q17, which represents a 10.6% YoY (year-over-year) decline from 2Q16.
Understanding MLP Earnings Growth in 2Q17: ETE, WMB, PAGP, and WGP
Energy Transfer Equity’s (ETE) net income fell to $212 million in 2Q17, compared with $241 million in 2Q16, representing a 12.0% year-over-year fall.
Why Williams Companies Is Outperforming Peers in 2017
Plains GP Holdings (PAGP) was the most battered last month of the four in our peer group, witnessing a new YTD (year-to-date) low of $19.8 in August.
The Key General Partners of MLPs: ETE, WMB, PAGP, and WGP
The four MLP partners we’ll compare in this series are Energy Transfer Equity, Western Gas Equity Partners, Plains GP Holdings, and Williams Companies.
Western Gas Partners Earns ‘Buy’ Ratings from 53% of Analysts
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 […]
What WES’s Technical Indicators Suggest ahead of 2Q17 Earnings
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.
What Will Drive Western Gas Partners’ 2Q17 Earnings?
Wall Street analysts’ 2Q17 consensus EBITDA (earnings before interest, taxes, depreciation, and amortization) estimate for WES is $258.1 million.
What Analysts Recommend for Energy Transfer Equity
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.
ETE’s, ENLC’s Short Interests Are above the Industry Average
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%.
Why PAGP Has the Highest Distribution Yield among Its Peers
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.
ETE, PAGP, WGP, ENLC: A Distribution Growth Guidance Comparison
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).
ETE, PAGP, WGP, and ENLC: Analyzing MLPs’ General Partners
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.
After Energy Transfer Equity’s Rally, What’s Next?
Energy Transfer Equity (ETE) recovered slightly last week, after a major crash one week previously, rising 5.5% by Friday, May 12.
Energy Transfer Equity Fell 4.5% Last Week, Underperformed AMLP
Energy Transfer Equity (ETE) fell 4.5% last week, and the Alerian MLP ETF (AMLP), which is comprised of 25 energy MLPs, fell 1.2%.
ETE Rallied after Court Upheld Merger Exit with WMB
Last week, the Delaware Supreme Court ruled to uphold the Energy Transfer Equity-Williams Companies merger termination.
Court Ruling against DAPL Protesters Drove ETE’s Stock Last Week
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.
ETE Between the Lines: Reading the Current Valuation
Energy Transfer Equity (ETE) currently trades at a price-to-distributable cash flow of 16.6x. This is lower than its ten-quarter average of 19.5x.
Is Energy Transfer Equity Currently Undervalued?
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.
Can Energy Transfer Equity Rebound from Its Weak Start to 2017?
Energy Transfer Equity (ETE) had a weak start to 2017, and its stock has fallen 0.2% since the beginning of the year. ETE gained 40.5% during 2016.
