post earnings: Credit Suisse reiterates a $52 target price for KMI. post earnings: Morningstar reiterates $43 "fair value" on KMI. post earnings: S&P gives KMI a $45 twelve month target price. those are the only post earnings reports i have seen.
UBS reiterates a Buy rating on New Residential Investment (NYSE: NRZ), and raises the price target to $21.00 (from $17.00), to reflect expectations of a successful acquisition strategy. Analyst Matthew Howlett says that after the HLSS acquisition, NRZ is the go-to partner for MSR acquisitions.
Howlett commented, "We are raising our earnings estimates in 2015 and 2016 and our price target to $21 to reflect our view that NRZ will successfully execute on its strategy of excess MSRs acquisition and call rights monetization, while receiving a healthy yield boost from servicer advances. We believe the REIT structure and sagacious management team has NRZ positioned to continue to accretively acquire servicing assets and non-agency securities and bonds to collapse deals. After the HLSS acquisition, NRZ is the go-to partner for MSR acquisitions with both Nationstar (NSM) and Ocwen (OCN), which we believe will lead to bulk and flow excess MSRs supporting near-term earnings growth and long-term stability. Our revised estimates represent 25% YoY growth in 2015 and 9% YoY growth in 2016, with a quarterly dividend increase to $0.50 per share in 1Q16E."
MLPs don't trade on P/E ratios. they trade on DCF. ETE's DCF year over year (1st quarter) went from $199 to $321 million . DCF, as adjusted, per unit was $0.59 in the 1st quarter. that's up 69% compared to the 1st quarter a year ago. the distribution is up 37% year over year.
good move. seriously, how much lower could it possibly go? any significant push lower would probably be short lived. KMI is pretty cheap in the mid $30s, let alone $31.50. best of luck.
Art Penn is one of the more respected managers in the space. i'm going to assume he knows what he's doing. they haven't made any claims that this is some huge game changer for PFLT. they basically just say it'll increase liquidity and give them more flexibility. and to that point of liquidity, just one share holder bailing could drag the price down significantly when the average volume is only 50,000 shares daily.
The combination would create new commercial
opportunities for WPZ, including the potential to acquire
assets from the overall Energy Transfer group
• WPZ unitholders would benefit from having a general
partner that would be in a position to be able to help WPZ
fully realize its long-term growth potential
• WPZ unitholders would be able to realize material upfront
cost savings and synergies because WPZ would join the
Energy Transfer shared service model that would result in
more distributable cash flow for WPZ
• There is no expected impact to WPZ’s credit ratings as a
result of the ETE / WMB combination
• WPZ unitholders are not expected to incur any adverse tax
consequences as a result of a combination of WMB and
ETE as compared to potential significant adverse tax
consequences for many WPZ unitholders in the proposed
WMB / WPZ restructuring
• Receipt of $410 million break fee in the form of an IDR
we've basically had 7 months of consolidation with CELG while IBB has been up 20%. based on that you'd think CELG has a good chance to pop between now and the end of the year.
FSC is such a horror show. BDCs are risky enough by nature, so why dabble in one that has chronically under performed w/ poor management? even BDCs with relatively successful management (TCRD, PNNT) are light-years below NAV. i'll never go near FSC again. there's just no need to when there are vastly superior BDCs available.
nothing has fundamentally changed. and for what it's worth, the analysts who cover private equity are bullish on KKR. that's not to say there aren't risks to the sector from exposure to energy to regulatory action. but the mean target price among 14 analysts covering KKR is $29. Morningstar, which is usually conservative, gives KKR a "fair market value" of $30
i only see 50,000 after hours shares trading hands, and only a couple thousand at an elevated price (above the close).
hey purplespyderman... what exactly don't you like about ETE? is it the fact that it's up only 35% since mid january? or is that ETE has only outperformed the S&P 500 by 20% year to date? or is that ETE is up only 250% in the last 3 years... and that doesnt even include the dividends.
old news? what's old about it? the shares were issued just a few days ago and the analysis is in response to it. NRZ doesn't need pumpers.... all of us who have been in from day 1 are doing just fine.
TRGP is trading at the same price it did 1.5 years ago when the distribution was nearly 30% lower. a growing distribution with an eventual buy-out... TRGP seems like a good bet here. i'm a first time buyer today at $89.20