|Bid||26.39 x 900|
|Ask||26.40 x 900|
|Day's Range||25.70 - 26.76|
|52 Week Range||23.46 - 43.84|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||25.80|
|Forward Dividend & Yield||3.12 (12.23%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DCP Midstream, LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
United Airlines (NYSE: UAL) will begin offering direct flights from Denver International Airport to Lea County Regional Airport in Hobbs, New Mexico on Oct. 27. Lea County is the top oil-producing county in the entire Permian Basin and is the second-highest oil-producing county in the U.S., according to a news release from the Economic Development Corporation of Lea County. “In fact, if Lea County was a state, we would be outproducing California and Alaska,” said Missi Currier, president and CEO of the Economic Development Corporation of Lea County, in the news release.
The market sees energy MLPs as defensives due to their relatively higher yields. We'll look at the energy MLPs with solid yields and robust capital gains.
Colorado oil companies expect natural gas processing constraints in the Denver-Julesburg Basin to ease with the completion of new infrastructure projects worth hundreds of millions of dollars, allowing production to rise more rapidly in coming months. Last week, Denver-based DCP Midstream LP (NYSE: DCP), the biggest natural gas processing and pipeline company in the Denver-Julesburg Basin, brought its O’Connor 2 natural gas processing plant into service and it began reaching full capacity processing 200 million cubic feet of gas daily. The $375 million project, near the town of Kersey in Weld County, is designed to bring DCP Midstream’s total natural gas processing capacity to 1.3 billion cubic feet per day in the Denver-Julesburg Basin.
Denver-based natural gas processing and pipeline giant DCP Midstream has cut hundreds of jobs from its payroll this year and plans to reduce its staff by hundreds more as it continues an efficiency push over the next 18 months. DCP Services, a subsidiary that employs the DCP Midstream (NYSE: DCP) workforce, started the year with 2,650 people on staff, the company’s filings show. There’s been about a 15% reduction in that headcount so far this year, said Sean O’Brien, DCP Midstream’s group vice president and CFO, on a Wednesday conference call about company financial results.
The classic equity sectors to hunt for yield have been defense, consumer staples, and utilities. The idea has always been that these sectors provide less in the way of capital gains, compared to more volatile high-flying sectors like technology, but in exchange for the more moderate capital gains, investors get stability and yield.This year, however, as investors have tried to navigate the tail end of the business cycle and changing stances by the Federal Reserve, fund flows have gone to those classic defensive sectors. The result is double digit gains for the stock itself pre-dividend in year to date performance. Consumer Staples Select (NYSEARCA:XLP) is up almost 19%. The utility ETF Utilities SPDR (NYSEARCA:XLU) is not far behind, up 15%.Dividend yields have fallen under this scenario, and XLU yields just 3%, while XLP yields just 2.7%. It's clear then, that investors are going to need to look elsewhere for higher yields.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Energy, being rather out of favor this year, is offering some compelling opportunities. Dividend Stocks to Buy: Energy Transfer LPDividend Yield: 8.2%Energy Transfer (NYSE:ET) has been steadily executing on the strategic front. They have expanded their presence to China to meet growing demand for LNG and NGL products by opening an office in Beijing earlier in the year. ET signed a letter of intent with Sunoco (NYSE:SUN) to enter into a joint venture on a diesel fuel pipeline to West Texas. They have sold interests in certain pipelines to raise capital at attractive prices.Regardless of how the overall market is treating the energy sector, especially midstream master limited partnerships (MLPs), ET has not missed a beat. Financials are in good order with a distribution cash coverage ratio of 2.07x. Fiscal year adjusted EBITDA forecast of $10.7 billion have been reaffirmed.All the while the business keeps expanding. Plans on a Bakken pipeline optimization project will start next year. And on the Permian side, ET is expanding its Permian Express pipeline system by an incremental 120,000 barrels per day. The Permian Express 4 expansion is expected to be in service by the end of the third quarter of 2019.Cash flows are extremely healthy. The dividend is secure. And new projects are fueling growth. The future for ET looks better than good. DCP MidstreamDividend Yield: 10%DCP Midstream (NYSE:DCP) reported a strong first quarter yet yields remain sky high. This presents a great opportunity for patient investors who understand that equity sectors go on rotation and that there will be a day when the market wakes up and realizes how cheap companies have gotten.DCP owns and operates more than 60 plants and 64,000 miles of natural gas and natural gas liquids pipelines across 9 states. On this diverse base of assets, the company generated record distributable cash flow of $224 million in the first quarter. This puts the distribution coverage ratio at 1.45 times. So, despite difficult times for the sector, a best-in-class operator will still produce best-in-class results.NGL Energy Partner's (NYSE:NGL) pipeline throughput volumes was extremely strong, increasing approximately 30% year-over-year. In particular, Sand Hills and Southern Hills drove higher volumes. As a result, adjusted EBITDA set a record as well for the quarter. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Somehow DCP is just sitting there yielding 10%. Take advantage of the mispricing. BPDividend Yield: 6%BP (NYSE:BP) has a plan in place to secure long-term cash flow distributions to shareholders. Oil prices have been volatile, but their turnaround strategy is well underway.There are a number of ramp-up projects, three of which came on stream in Q1, and another that is scheduled to come on stream in Q2. These ramp-ups should make up for some lost volume that has certain analysts concerned.The good news is that most of the major turnarounds are behind BP, so the company is now in more of a steady state. There will be some impact in Q2 but not to the extent that the market seems to be pricing in.Lubricants, which has been a great business, has recently run into some issues with base oil prices, but management indicates that is leveling off. BP has made major efforts starting late last year to make that department more efficient, so there are ways to work around the headwinds.A recovery across a couple of BP's business lines going forward, in addition to the refinery system readying to go "full tilt" in 2020, has positioned the company well both from a growth and cash flow standpoint. Being paid 6% for the company's thought through strategy to play off isn't a bad deal. As of this writing, Luce Emerson was long shares of Energy Transfer LP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Best Dividend Stocks to Buy in the Energy Sector appeared first on InvestorPlace.
DCP Midstream temporarily shut a natural gas pipeline it owns and operates in Grady County, Oklahoma, after an explosion on Tuesday was caused by work by another company, said a DCP spokeswoman. There is no material impact on operations from this incident," Sarah Sandberg said in an email. The pipeline is a low pressure natural gas gathering line, she said.
Moody's Investors Service (Moody's) assigned a Ba2 rating to DCP Midstream Operating, LP 's (DCP Midstream Operating) proposed $500 million senior notes offering. DCP Midstream, LP's (DCP) existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, B1 ratings on preferred units and SGL-3 Speculative Grade Liquidity (SGL) rating are unchanged.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of December 31. In this […]
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