|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||13.95 - 14.51|
|52 Week Range||11.68 - 19.24|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||12.34|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||1.22 (8.35%)|
|1y Target Est||21.50|
Energy Transfer Operating, L.P. today announced the quarterly cash distribution of $0.4609375 per Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit , and $0.4765625 per Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit .
DALLAS, Jan. 18, 2019 /PRNewswire/ -- Sunoco LP (SUN) ("Sunoco") announced the completion of the acquisition of the wholesale fuel distribution business from Schmitt Sales, Inc. and the execution of a definitive agreement to acquire certain convenience store locations from Speedway LLC. Sunoco will convert the acquired convenience store locations to wholesale distribution sites.
7 MLPs Offering a Yield above 7%(Continued from Prior Part)Analysts are bullish on ET and MPLX Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters. In comparison, 86% of analysts rated MPLX
7 MLPs Offering a Yield above 7%MLPs offering high yieldsMLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%. These MLPs all have a market capitalization of more than $5 billion. Our list
EPD, KMI, MPLX, OKE: Midstream Stocks Surge in 2019(Continued from Prior Part)Analysts are bullishWith simplified structures and greater financial discipline, MLPs look better-equipped to perform in the volatile commodity price environment. Analysts
In the latest trading session, Energy Transfer LP (ET) closed at $14.62, marking a -1.68% move from the previous day.
EPD, KMI, MPLX, OKE: Midstream Stocks Surge in 2019MLPs rise in 2019Top MLP and midstream stocks have performed strongly so far in 2019. Stocks surged across the board with Enterprise Products Partners (EPD), Kinder Morgan (KMI), ONEOK (OKE),
Bulls versus Bears: Who Will Rule the Stock Markets in 2019?(Continued from Prior Part)Credit Suisse cut SPY’s targetLike many other equity strategists, Credit Suisse (CS) also slashed the S&P 500’s (SPY) target for the end of 2019 from
Phillips 66 Partners' (PSXP) ACE Pipeline System is anticipated to have 400,000 barrels per day of initial throughput capacity.
Kinder Morgan Is Expected to Report Higher Q4 Earnings (Continued from Prior Part) ## Analysts’ recommendations Analysts’ average target price of $21.4 implies an upside potential of 24% from Kinder Morgan’s (KMI) current price. Among the 21 analysts surveyed by Reuters covering Kinder Morgan, ten recommended a “strong buy,” eight recommended a “buy,” two recommended a “hold,” and one recommended a “strong sell.” The above graph shows analysts’ recommendations for Kinder Morgan over the last 12 months. As the above graph shows, more analysts are bullish on Kinder Morgan now than a year ago. ## Peers’ recommendations Among the 19 Reuters-surveyed analysts covering ONEOK (OKE), seven recommended a “strong buy,” five recommended a “buy,” and seven recommended a “hold.” The mean target price for ONEOK is $70.7, which implies an upside potential of ~19% from its current price. Among the 21 analysts covering Williams Companies (WMB), seven recommended a “strong buy,” ten recommended a “buy,” and four recommended a “hold.” The mean target price for Williams Companies is $31.9, which implies an upside potential of 27% from its current price. Among the 24 analysts covering Enterprise Products Partners (EPD), 11 recommended a “strong buy,” 11 recommended a “buy,” and two recommended a “hold.” The mean target price for Enterprise Products Partners is $33.2, which implies an upside potential of ~22% from its current price. Among the 17 analysts covering Energy Transfer (ET), eight recommended a “strong buy,” seven recommended a “buy,” and two recommended a “hold.” The mean target price for Energy Transfer is $21.6, which implies an upside potential of ~43% from its current price. Browse this series on Market Realist: * Part 1 - Kinder Morgan: What to Expect from Its Q4 Earnings * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 3 - Natural Gas Pipelines Might Drive Kinder Morgan’s Growth
Based on analysts’ estimates, Kinder Morgan (KMI) could report revenues of ~$3.8 billion for the fourth quarter. The estimate is ~5% higher than Kinder Morgan’s revenues in the fourth quarter of 2017. The expected fourth-quarter revenues represent 8% sequential growth. Kinder Morgan missed its revenue estimates in five of the last nine quarters. Kinder Morgan beat the estimates in the other four quarters.
Energy Transfer LP (ET) closed the most recent trading day at $15.10, moving -0.07% from the previous trading session.
San Antonio-based Valero Energy Corp. has completed its merger with a subsidiary that owns and operates pipelines and storage terminals, the company announced Thursday morning. Parent company Valero (NYSE: VLO) announced in Octoberits plans to buy logistics arm Valero Energy Partners LP at $42.25 per share. The master limited partnership, or MLP, owns and operates pipelines and storage terminals in Texas, Oklahoma, Louisiana and Tennessee that support Valero refineries. The closing of the merger comes after a strong third quarter for the parent company and its MLP, which reported $141 million in revenue.
How Analysts View the Top MLPs at the Beginning of 2019 (Continued from Prior Part) ## Entergy Transfer Energy Transfer (ET) stock presents the highest potential upside among MLPs based on analysts’ target price for the next 12 months. Energy Transfer has a target price of $21.8—compared to its current market price of $14.5, which implies an estimated upside of 50% going forward. Among the 18 analysts tracking Energy Transfer stock, eight recommended a “buy,” eight recommended a “strong buy,” and two recommended a “hold.” None of the analysts recommended a “sell. ## Valuation Energy Transfer stock looks to be trading at a premium compared to its peers. The stock is trading at a forward valuation multiple of 11.0x based on its estimated earnings in 2019. Energy Transfer’s five-year historical average EV-to-EBITDA multiple is around 16x. Energy Transfer stock seems to be trading at a discounted valuation compared to its historical average. Peers’ average forward valuation is lower than Energy Transfer’s valuation. ## Distribution yield Energy Transfer is trading at a distribution yield of 8.6%. The Alerian MLP ETF (AMLP) also offers a yield of 8.6%. Investors in Energy Transfer Partners took a notable cut in the distribution after merging with Energy Transfer Equity. However, Energy Transfer’s current yield looks alluring. Williams Companies (WMB) stock is trading at a forward EV-to-EBITDA multiple of 9.8x based on its projected earnings for 2019. Williams Companies’ historical average multiple is ~18x. The company offers a yield of 5.8%. Continue to Next Part Browse this series on Market Realist: * Part 1 - How Analysts View the Top MLPs at the Beginning of 2019 * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 3 - Is Plains All American Pipeline Stock a Good Bargain?
Energy Transfer Operating, L.P. today announced the pricing of its $750 million aggregate principal amount of 4.500% senior notes due 2024, $1.5 billion aggregate principal amount of 5.250% senior notes due 2029 and $1.75 billion aggregate principal amount of 6.250% senior notes due 2049 at a price to the public of 99.646%, 99.789% and 99.850%, respectively, of their face value.
How Analysts View the Top MLPs at the Beginning of 2019 ## MLPs in 2019 Midstream energy companies had poor performances in 2018. So far, 2019 has brought many lucrative opportunities in the space. Including dividends, the Alerian MLP ETF (AMLP), the representative of the largest energy MLPs in the country, returned -12%, while crude oil cracked almost 30% last year. Many MLP giants expect strong earnings growth in 2019 based on analysts’ estimates. In this series, we’ll see how Wall Street analysts view these MLPs. We’ll also discuss MLPs’ current valuations and target prices. ## Strong potential upside The above chart shows the estimated upside offered by MLP giants based on the target prices from Wall Street analysts. Among the top five, Energy Transfer (ET) offers a potential upside of 50% for the next 12 months. Enterprise Products Partners (EPD) stock has an implied upside of 22% going forward. Increasing production volumes had a favorable impact on MLPs’ earnings last year. However, geopolitical tensions hampered crude oil prices and MLPs late last year. MLPs played out well when crude oil’s weakness was worse in October. MLPs are relatively more defensive compared to other energy sectors due to their fee-based operations and comparatively lower exposure to energy commodity prices. Currently, MLPs offer a handsome total return potential considering their higher distribution yield and estimated upside based on analysts’ estimates. AMLP offers a distribution yield of 8.6%, which is a spread of more than 6%–7% compared to broader markets and Treasury yields. Continue to Next Part Browse this series on Market Realist: * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 3 - Is Plains All American Pipeline Stock a Good Bargain? * Part 4 - Magellan Midstream Partners Stock: What to Expect
With oil still below the psychological $50-a-barrel threshold, energy investors should brace themselves for more M&A activities to unfold as stronger companies line up to buy the weaker ones.
NEW YORK, Jan. 02, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Energy Transfer LP (ET) announced that effective today its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and intrastate service. The 350-mile NGL pipeline transports domestically produced ethane, propane and butane east from processing plants in Ohio across West Virginia and Pennsylvania to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, PA, where the NGLs are stored for distribution to local, domestic and waterborne markets.
North Dakota's daily crude production in October broke the previous all-time high set in September, while natural gas output and producing wells also hit records.
Energy Transfer (ET) stock was one of the top gainers among energy midstream giants on December 26. Energy stocks broke the downward run after crude oil prices rose more than 7% yesterday. Energy Transfer stock continues to look weak given a large discount to its simple moving average levels.
What’s in Store for Williams Companies Stock?(Continued from Prior Part)Analysts’ recommendations and price target Of the 22 Reuters-surveyed analysts tracking Williams Companies (WMB) stock, seven recommend “strong buy,” 11 recommend “buy,” and four recommend “hold.