|Bid||26.830 x 1600|
|Ask||26.840 x 1200|
|Day's Range||26.800 - 26.990|
|52 Week Range||23.100 - 29.510|
|PE Ratio (TTM)||20.68|
|Earnings Date||Apr 30, 2018|
|Forward Dividend & Yield||1.71 (6.64%)|
|1y Target Est||31.40|
On April 11, 2018, Mizuho cut Magellan Midstream Partners’ (MMP) price target from $72 to $66. On the same day, Ladenburg Thalmann cut MMP’s price target from $87 to $78. Analysts’ mean price target for Magellan Midstream is $74.
Enterprise Products Partners L.P. today announced that it is the recipient of the GPA Midstream Association safety award for 1st place safety performance among companies with at least one million work hours.
Short interest as a percentage of float in Magellan Midstream Partners (MMP) is currently ~1.9% compared to 1.4% in mid-March 2018. According to the data released on April 10, 2018, Magellan Midstream Partners’ total shares shorted stood at ~4.2 million on March 29, 2018, 29.5% higher than its ~3.3 million shares shorted on March 15.
Currently, Kinder Morgan (KMI) stock is trading 5% below its 50-day moving average and 15% below its 200-day moving average. Kinder Morgan’s 50-day moving average fell below its 200-day moving average in April 2017, which is considered a bearish indicator. Since then, Kinder Morgan’s 50-day average has remained below its 200-day average.
According to a Wall Street Journal report, Canadian Prime Minister Justin Trudeau reiterated his support for Kinder Morgan’s (KMI) Trans Mountain expansion project. The report also mentioned that Trudeau asked Finance Minister Bill Morneau to discuss financial support for Kinder Morgan to remove the project’s risks and uncertainties.
Magellan Midstream Partners (MMP) expects its 2018 DCF (distributable cash flow) to be $1.1 billion—2.8% higher than its 2017 DCF. Its DCF rose 7.8% in 2017.
The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, recovered slightly last week from its 2018 lows with week-over-week gains of 3.5%. AMZ was supported by strong gains in crude oil prices and a general recovery in US markets after the trade war tensions eased. MLPs had a strong start last week. However, the gains were slightly offset by declines on Thursday and Friday.
Magellan Midstream Partners (MMP) stock has fallen nearly 11% so far in 2018. It’s underperformed its peers Enterprise Products Partners (EPD) and Plains All American Pipeline (PAA) during this period.
The S&P 500 Index edged higher last week as investors began moving past geopolitical tensions and focusing on earnings season. Earnings season started in earnest on Friday. And a handful of companies kicked off the season with income boosts.
Enterprise Products Partners L.P. today announced that its 416-mile Midland-to-Sealy pipeline is now in full service with an expanded capacity of 540,000 barrels per day and capable of transporting batched grades of crude oil and condensate.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Enterprise Products Partners LP. (NYSE:EPD) has returned toRead More...
Of the analysts surveyed by Reuters, 33% rate Kinder Morgan (KMI) a “strong buy,” and 29% rate it a “buy.” The remaining 38% rate it a “hold.” None of the surveyed analysts rate it a “sell.” The company is expected to report its 1Q18 results on April 18, 2018. The median price target provided by the surveyed analysts for Kinder Morgan is $21. If Kinder Morgan attains its median price target, it would mean an upside of 35% in a year from its current level.
The short interest in Kinder Morgan (KMI) as a percentage of its float is currently 2.8%, which is lower than its short interest of 3.3% in mid-March 2018. According to data released on April 10, 2018, the total number of Kinder Morgan shares shorted was 53.2 million on March 29, 2018, which is 15.2% lower than 62.8 million shares shorted on March 15, 2018. The current short interest in Kinder Morgan as a percentage of its float is lower than its five-year average of 3.3%.
Enterprise Products Partners L.P. today announced that the company has purchased a 65-acre waterfront site on the Houston Ship Channel that will serve as the next phase of expansion at the Enterprise Hydrocarbon Terminal .
Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to limited partners with respect to the first quarter of 2018 to $0.4275 per common unit, or $1.71 per unit on an annualized basis.
The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, ended last week flat at 239.8. MLPs had a strong start last week following a sharp correction in previous weeks. However, the gains were offset by another major sell-off on April 6 amid a decline in crude oil prices and a rise in US-China trade war tensions. The trade war intensified after China proposed additional tariffs on 106 items imported from the US including liquid propane and some petrochemicals.
Master limited partnership companies are facing multiple "existential issues," so investors should look for exposure to companies with simple structures, according to Seaport Global Securities. ...
Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of ~9.6x. That’s lower than its five-year average multiple of ~13.5x. Its current multiple is among the lowest in the last five years.
Of Reuters-surveyed analysts covering CVR Refining (CVRR), 87% recommend “hold” and 13% recommend “sell.” There were no “buy” recommendations. Analysts’ median target price for CVR Refining is $14.75, and the stock is currently trading at $14.40, implying a 2% return in a year. Notably, CVR Refining has risen ~60% in the last year.
Energy Transfer Partners (ETP) and its GP (general partner), Energy Transfer Equity (ETE), are among the top midstream companies that offer high upside potentials.