|Bid||26.180 x 900|
|Ask||26.190 x 1400|
|Day's Range||25.98 - 26.24|
|52 Week Range||23.10 - 30.05|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||15.55|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.73 (6.60%)|
|1y Target Est||33.78|
During the first half of the fourth quarter the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by about 4 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. […]
In the latest trading session, Enterprise Products Partners (EPD) closed at $26.29, marking a +0.27% move from the previous day.
In addition to boosting the repurchase program, TechnipFMC (FTI) also outlines its financial guidance and capex budget for 2019.
ExxonMobil's (XOM) West Barracouta gas field development in Bass Strait to aid in the transportation of new gas supplies to the Australian domestic market.
Enterprise Products Partners (EPD) has a target price of $34.04, which indicates a potential upside of ~30% from its current price of $26.27.
MLP stocks have been on a notable downtrend for a while. So far, crude oil prices have fallen more than 16% in 2018. Crude oil prices influenced the similar movement in MLPs. Increasing production volumes had a positive impact on MLPs’ earnings in the third quarter. However, geopolitical tensions pulled down crude oil prices and MLPs.
Although the turmoil in crude oil prices has dented energy MLPs lately, some of the top-yielding names still seem to catch investors. Energy Transfer (ET) is offering a distribution yield of 8.6%. The Alerian MLP ETF (AMLP), the representative of the top 25 MLPs, is also trading at a yield of 8.6%.
Energy Transfer (ET) stock looks relatively expensive compared to its peers. However, the stock looks to be trading at a discounted valuation compared to its five-year historical average. The stock is trading at a forward EV-to-EBITDA valuation multiple of 10.8x based on its estimated earnings for the next year. Energy Transfer’s historical average EV-to-EBITDA multiple is above 16x. Peers’ average forward valuation is lower than Energy Transfer’s valuation. As a result, Energy Transfer looks expensive compared to its peers.
Altus Midstream is a brand new oil and gas infrastructure operator, but its earnings are primed to soar in the next few years.
Troll Phase 3 is considered one of Equinor's (EQNR) most profitable and flexible projects with a break-even of less than $10 per barrel.
Enterprise Products Partners (EPD) closed at $26.20 in the latest trading session, marking a +0.5% move from the prior day.
Faroe's equity in the Njord, Hyme and Bauge developments will be traded for Equinor's (EQNR) interests in the producing Alve, Marulk, Ringhorne East and Vilje fields.
Cheap stocks are few and far between. Goldman Sachs' bear market indicator - which analyzes trends in unemployment, manufacturing, core inflation, the yield curve and stock valuations - is at its highest levels since the late 1960s and early 1970s. By some metrics, such as the price-to-sales ratio, U.S. stocks are at their most expensive levels in history, even more expensive than at the top of the 1990s tech bubble. "It is particularly scary this time around," says John Del Vecchio, co-manager of the AdvisorShares Ranger Equity Beat ETF (HDGE), "because we're dealing with a historical bull market. This means that the coming bear market - and there will be a bear market again - is likely to overshoot to the downside too. There's a lot of excess to work off." Meanwhile, the Fed and other major central banks are draining excess liquidity out of the system, and growth in most overseas markets is slowing. But perhaps worst of all is that we're now coming up on the one-year anniversary of the tax cuts. That means we're no longer comparing post-tax-cut earnings to pre-tax-cut earnings, so the comparables get a lot more difficult. All the same, it's usually a mistake to sell everything and run for the hills. Many of the conditions in place today were also in place in the late 1990s. Then, as now, the Fed was getting more hawkish at a time when asset prices were exceptionally expensive, yet prices continued rising for years. Even after the bubble burst in 2000, many value investors continued to generate excellent returns for another two years. Today, let's take a look at five cheap "diamond in the rough" stocks to buy. These are five stocks that are objectively cheap enough to potentially generate respectable returns no matter what the market throws at us. SEE ALSO: 8 Stocks to Buy for 2019 (and 5 to Sell)