|Bid||0.00 x 1400|
|Ask||0.00 x 4000|
|Day's Range||19.45 - 20.35|
|52 Week Range||9.37 - 26.00|
|PE Ratio (TTM)||9.72|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||2.56 (13.99%)|
|1y Target Est||23.00|
TC PipeLines (TCP) fell 7.5% last week. The stock has fallen 41% year-to-date. It fell significantly in March following the FERC (Federal Energy Regulatory Commission) ruling relating to cost recoveries for FERC-regulated interstate MLP pipeline rates. It then fell again in May following a distribution cut.
SUGAR LAND, Texas, Sept. 17, 2018-- CVR Refining, LP, a refiner and marketer of petroleum fuels, today announced that it intends to sell its Cushing, Oklahoma, crude oil tank farm and currently is entertaining ...
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...
Noble Midstream Partners (NBLX) fell 6.5% last week, which ended September 7. Downstream MLP CVR Refining (CVRR) fell 5.8% and was downgraded by Goldman Sachs. We’ll take a look at it in the next part of this series. Plains GP Holdings (PAGP) and Plains All American Pipeline (PAA) fell 4.4% and 3.3%, respectively. A 2.9% fall in crude oil prices likely contributed to the fall in PAA and PAGP.
On September 4, Baird cut its rating for Genesis Energy (GEL) to “neutral.” It has given the stock a price target of $26. Of the ten analysts covering Genesis Energy and surveyed by Reuters, two have rated the stock a “strong buy,” two have rated it a “buy,” and six have rated it a “hold.” The median price target for Genesis Energy is $26, which implies an upside potential of 9% from its current price of $23.89. It gave it a price target of $19.
Hi-Crush Partners (HCLP) saw a rating downgrade and target price revision last week. Cowen & Company lowered Hi-Crush Partners to “market perform,” which is equivalent to “hold,” from “outperform,” which is equivalent to “buy.” Credit Suisse raised the partnership’s target price to $17 from $15.
Hi-Crush Partners (HCLP), which was the top MLP gainer in the week ending July 27 with massive week-over-week gains of 40.6%, saw some profit-booking last week following its second-quarter earnings announcement and management’s plans to change its corporate structure. To learn more, read Hi-Crush Partners’ Sand Volumes Rose 16% in Q2 2018.
The North American crude oil market has been moving in favor of refiners lately, and now CVR Energy wants to buy out the remaining stake in its subsidiary partnership.
Investors need to pay close attention to CVR Refining (CVRR) stock based on the movements in the options market lately.
So far in this series, we’ve looked at earnings growth expectations for six MLPs, including CVR Refining (CVRR), Hi-Crush Partners (HCLP), USA Compression Partners (USAC), Cheniere Energy Partners (CQP), Shell Midstream Partners (SHLX), and Viper Energy Partners (VNOM). Now let’s look at earnings expectations for MPLX (MPLX).
CVR Refining (CVRR), a downstream MLP involved in crude oil refining and refined products marketing, is expected to experience the highest earnings growth among MLPs in the second quarter of 2018. It’s expected to post EBITDA of $161.3 million compared to $43.1 million in Q2 2017. That represents a 274.4% YoY (year-over-year) increase.
The US earnings season has begun. Kinder Morgan (KMI), the midstream energy giant, announced its second-quarter results on July 18. For an in-depth review of KMI’s Q2 performance, read Analyzing Kinder Morgan’s Second-Quarter Earnings.
CVR Energy (CVI) and its subsidiary CVR Refining (CVRR) reported their second-quarter results on July 25 after the markets closed. CVR Refining’s adjusted EBITDA rose to $147 million—compared to $43 million in the same quarter last year. “The quarter’s success was attributable to a $4.88 increase in Group 3 crack spreads, low Renewable Identification Number (RIN) prices and wide crude oil differentials compared to the same period last year,” said Dave Lamp, CEO of CVR Refining’s general partner.
SUGAR LAND, Texas, July 25, 2018-- CVR Refining, LP, a refiner and marketer of petroleum fuels, today announced net income of $118 million on net sales of $1,824 million for the second quarter of 2018, ...
The Zacks Analyst Blog Highlights: NuStar Energy, Martin Midstream Partners, CVR Refining, CONSOL Coal Resources and AllianceBernstein Holding
Full-fledged trade war could hurt business growth, spending and sentiment. In the wake of this, investing in companies that pay consistent dividends can make for wonderful investments.
LONDON, UK / ACCESSWIRE / July 17, 2018 / If you want a free Stock Review on HFC sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com scans four Oil and Gas Refining and Marketing stocks, namely: CVR Refining L.P. (NYSE: CVRR), Valvoline Inc. (NYSE: VVV), World Fuel Services Corp. (NYSE: INT), and HollyFrontier Corp. (NYSE: HFC).
Upstream MLP Legacy Reserves (LGCY), which is involved in crude oil, natural gas, and NGL (natural gas liquid) production, was the strongest MLP in H1 2018. LGCY stock rose by a massive 329% due to the company’s EBITDA rising 76% YoY (year-over-year) in Q1 2018 and improved financial position, strong crude oil prices, and analysts upgrading their ratings. For a review of the MLP’s fundamentals and technicals, read Legacy Reserves Has Risen ~45% from the Lows in May.
CVR Refining (CVRR) sees solid earnings estimate revisions and looks poised to shock the market, and yet seems overlooked by the investors.
SUGAR LAND, Texas, July 12, 2018-- CVR Refining, LP, a refiner and marketer of petroleum fuels, today announced that it will release its 2018 second quarter results on Wednesday, July 25, after the close ...
Weatherford (WFT) to raise $287.5 million from the sale of land drilling rig operations in Algeria, Kuwait and Saudi Arabia and also two idle rigs in Iraq.