28.25 -0.10 (-0.35%)
After hours: 6:37PM EDT
|Bid||0.00 x 4000|
|Ask||0.00 x 1100|
|Day's Range||27.98 - 28.35|
|52 Week Range||23.10 - 29.51|
|PE Ratio (TTM)||21.84|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.71 (6.37%)|
|1y Target Est||31.46|
Enterprise Products Partners L.P. today announced that it will participate in the annual Master Limited Partnership Association Energy Infrastructure conference Wednesday, May 23 and Thursday, May 24, in Orlando, Florida.
So far in this series, we’ve looked into the institutional activity in four major MLPs: Enterprise Products Partners (EPD), MPLX LP (MPLX), Energy Transfer Partners (ETP), and Energy Transfer Equity (ETE).
The number of institutional holders in Enterprise Products Partners (EPD) fell to 1,063 by the end of the first quarter compared to 1,069 in the previous quarter.
MLPs have been on a recovery path due to improvements in their financial positions, prudent capital spending, and—most importantly—recovery in earnings growth resulting from strong US production growth and strong crude oil prices.
According to a Reuters’ survey, 75.0% of the analysts rated Energy Transfer Partners (ETP) as a “buy” as of May 15, while the remaining 25.0% rated it as a “hold.” MPLX LP (MPLX), Enterprise Products Partners (EPD), and Williams Partners (WPZ) have “buy” ratings from 94.4%, 100.0%, and 80.9% of the analysts, respectively.
For today, WallStEquities.com has selected the following stocks for review: Marathon Oil Corp. (NYSE: MRO), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and Gulfport Energy Corp. (NASDAQ: GPOR). Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations.
Jupiter MLP LLC, a Dallas-based logistics company, has secured permits to expand a crude export dock at the Port of Brownsville in Texas, the latest in a series of moves made by U.S. companies to tap into booming overseas shipments. Privately-held Jupiter has also begun the permitting process to build an offshore supertanker loading facility six miles (9.6 km) off the coast of Texas. The facility will be connected to the expanded dock, and will be able to load a supertanker or VLCC, the largest oil tankers which can ship some 2 million barrels of oil, within 48 hours.
Enterprise Products Partners L.P. today announced that it will participate in investor meetings at the MUFG Securities Americas Inc. Oil and Gas conference Thursday, May 17, 2018 in New York.
For Enterprise Products Partners LP.’s (NYSE:EPD) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. EPD isRead More...
Of the analysts covering Kinder Morgan (KMI), 64% recommended “buy,” and 36% recommended “hold.” Their price target for Kinder Morgan is $21, implying a 28% upside to its current price of $16.45.
The number of Enterprise Products Partners (EPD) shares shorted fell ~37.5% from ~17.3 million on April 13 to ~10.8 million on April 30. According to data released on May 9, short interest in Enterprise Products Partners as a percentage of its float is ~0.8%. Enterprise Products’ short interest ratio is 2x, which shows that it would take nearly two days to cover all open short positions in EPD.
Dividend investing requires more than finding a stock with a high yield. Here are three tips that can help you make more money.
Kinder Morgan (KMI) stock rose 2.5% last week (ended May 11), outperforming Enterprise Products Partners (EPD), which rose 2.1%. ONEOK (OKE) and the Energy Select Sector SPDR ETF (XLE) rose 3.7% and 3.9%, respectively, and crude oil rose 1.4%, remaining above $70 per barrel in four of the five days.
According to recent filings, the top ten investors in Kinder Morgan (KMI) added net 20.3 million Kinder Morgan shares to their positions. According to a March 9 filing, Richard Kinder added 0.5 million KMI shares to his position. Kinder owns nearly 246 million KMI shares, which represent 11.1% of KMI’s total outstanding shares. BlackRock Institutional Trust disclosed an addition of 0.6 million KMI shares in a March 31 filing.
MLPs recovered last week after two weeks of sluggishness. The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, rose 2.0% during the week to end at 259.6. Out of the total 90 MLPs, 55 ended in the green, four remained unchanged, and the remaining 31 ended in the red. Among the top MLPs, Energy Transfer Partners (ETP), Williams Partners (WPZ), and Enterprise Products Partners (EPD) rose 5.5%, 2.7%, and 2.1%, respectively, while Plains All American Pipelines (PAA) fell 2.8%.
Kinder Morgan’s (KMI) net debt stood at $37.0 billion at the end of 1Q18, $331 million higher quarter-over-quarter. Of the $331 million increase, nearly $100 million was associated with increased debt at Kinder Morgan Canada (KML.TO). Notably, Kinder Morgan’s net debt has fallen ~$5.8 billion since the end of 1Q15.
ONEOK (OKE) stock saw quite a few price target raises on May 3 after its 1Q18 earnings release on May 1: Citigroup, from $64 to $67 Stifel, from $61 to $62 Guggenheim, from $62 to $68 RBC, from $70 to $72 Deutsche Bank, from $62 to $65
All four companies we’re analyzing—Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Partners (WPZ), and MPLX (MPLX)—raised their capital expenditure YoY (year-over-year) in 2017. Enterprise Products Partners’ capital spending rose 11% in 2017 while Williams Partners’ rose 24%.
All four midstream companies we’re analyzing in this series—Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Partners (WPZ), and MPLX (MPLX)—are trading at attractive yields. Enterprise Products Partners and MPLX are trading at yields of 6.4% and 7.1%, respectively, while Williams Partners is trading at a yield of ~6.7%. Kinder Morgan’s recent 60% dividend increase has raised its yield to ~5.0%.
MPLX’s (MPLX) EBITDA (earnings before interest, tax, depreciation, and amortization) grew 80% YoY (year-over-year) in 1Q18, boosted by drop-down assets from parent Marathon Petroleum (MPC). MPLX’s EBITDA grew 41% YoY in fiscal 2017.
ONEOK (OKE) stock has continued to build upon its gains in 2018. The stock has risen ~19% YTD (year-to-date), significantly outperforming many of its peers. ONEOK’s strong 1Q18 results, and analysts’ positive price target revisions following it, contributed to the stock’s outperformance. MLP peer Enterprise Products Partners (EPD) has risen ~2% YTD, while Targa Resources (TRGP) and Kinder Morgan (KMI) have fallen 2% and 12%, respectively.
Plains All American Pipeline (PAA) reported its 1Q18 results on May 8 after the market closed. Plains All American reported 16% YoY (year-over-year) growth in its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter. The adjusted EBITDA excludes gains from derivative activities. Plains All American reported $285 million in gains from derivative activities in 1Q17.
Enterprise Products Partners LP. (NYSE:EPD) is currently trading at a trailing P/E of 19.7x, which is higher than the industry average of 13.4x. While EPD might seem like a stockRead More...