|Bid||9.69 x 800|
|Ask||9.70 x 800|
|Day's Range||9.52 - 9.86|
|52 Week Range||8.60 - 16.65|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||4.66|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||3.00 (29.30%)|
|1y Target Est||15.07|
NEW YORK, NY, Oct. 15, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112. The proposition requires that new oil and gas development, including fracking, should be a minimum distance of 2,500 feet from “vulnerable” areas such as homes, schools, or hospitals.
On October 3, Barclays cut its rating for CVR Refining (CVRR) from “equal weight” to “underweight.” Barclays cut its target price for CVR Refining from $24 to $20. CVR Refining fell 2.7% in the week ending October 5. The stock has risen ~10% year-to-date.
In the week ending October 5, the MLPs that fell the most were a diverse mix. Royalty interest owner Dorchester Minerals (DMLP), midstream MLP NGL Energy Partners (NGL), downstream player CVR Refining (CVRR), and frac sand company Hi-Crush Partners (HCLP) were among the top losses last week. Other MLPs that fell last week included Calumet Specialty Products Partners (CLMT) and Suburban Propane Partners (SPH).
Stifel changed its rating and price targets for quite a few MLPs in the last week. It raised its rating for Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) from “hold” to “buy.” Stifel has given a price target of $28 to both PAA and PAGP.
Cheniere Energy (LNG), Teekay LNG Partners (TGP), and Golar LNG Partners (GMLP) were among the top gainers in the MLP and midstream sector last week. Cheniere Energy rose 3.7% while TGP and GMLP rose 10.6% and 5.2%, respectively, in the last week. Other top gainers included Dorchester Minerals (DMLP), CVR Refining (CVRR), and American Midstream Partners (AMID), which rose 7.1%, 6.2%, and 5.0%, respectively.
Hi-Crush Partners (HCLP) stock fell 7.8% on September 26 after the company announced that it will temporarily idle the dry plant operations at its Whitehall facility. “Our strategic decision to temporarily idle Whitehall’s dry plant was driven by recent, temporary softness in completions activity and frac sand demand,” said Laura C. Fulton, Hi-Crush Partners’ CFO.
Hi-Crush Partners LP (HCLP), or Hi-Crush, today announced that it has temporarily idled dry plant operations at its Whitehall facility. The facility’s wet plant remains operational, and Hi-Crush continues to sell inventory from on-site storage to meet ongoing Northern White customer demand. “Our strategic decision to temporarily idle Whitehall’s dry plant was driven by recent, temporary softness in completions activity and frac sand demand,” said Laura C. Fulton, Chief Financial Officer of Hi-Crush.
On September 20, RBC cut its rating on U.S. Silica Holdings (SLCA) from an “outperform” to a “sector perform.” It also cut its price target on the stock from $36 to $24.
BlackRock Institutional Trust Company, Ariel Investments, and the Vanguard Group are the top three institutional investors in U.S. Silica Holdings (SLCA). The three companies own 13.4%, 10.1%, and 9.9%, respectively, of U.S. Silica’s outstanding shares.
HOUSTON, Sept. 21, 2018-- Hi-Crush Partners LP, or“ Hi-Crush”, today announced that management will present and meet with investors at the following investor conferences:. Johnson Rice & Company Energy ...
U.S. Silica Holdings’ (SLCA) revenue rose 47% YoY (year-over-year) in the second quarter. Its Oil & Gas segment’s revenue rose 38% YoY to $324.1 million. Higher volumes and pricing drove the segment’s revenue growth.
U.S. Silica Holdings’ (SLCA) operations are divided into two segments—Oil & Gas Proppants and Industrial & Specialty Products.
Frac sand companies’ earnings are driven by their production levels. Global crude oil demand and supply dynamics drive the level of production as well as oil prices. Oil prices, therefore, have a high impact on the stocks of energy companies in general and frac sand companies in particular.
U.S. Silica Holdings (SLCA) stock has fallen 40% so far in 2018. The stock has seen a downward trend since mid-May, and it hit a new 52-week low this month. It has recovered a bit since then.
Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers in the week ended September 14. The three stocks gained 5.2%, 4.9%, and 4.6%, respectively, that week. Dominion Energy Midstream Partners (DM) rose 4.5% last week. However, the stock has fallen 39% year-to-date.
Hi-Crush Partners LP (HCLP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hi-Crush Partners LP (HCLP), "Hi-Crush" or the "Company", today announced that on August 20, 2018, John R. Huff notified the Company of his resignation from the Board of Directors (the "Board"). Mr. Huff has served as a non-independent director of Hi-Crush Proppants LLC since May 2011 and was appointed to the Board of the Company’s general partner by Avista Capital Partners in May 2012. "I have considered it a privilege to serve on the Board and to work with the extraordinarily talented team that has been assembled at Hi-Crush and to have played a role in the Company’s development," said Mr. Huff.
Of the 17 analysts surveyed by Reuters covering Hi-Crush Partners (HCLP), one analyst rated the stock as a “strong buy,” nine rated it as a “buy,” and seven rated it as a “hold.” The median target price for Hi-Crush Partners is $17, which implies an upside potential of 39% from its current price of $12.25. Of the 15 analysts covering Buckeye Partners (BPL), two analysts recommended a “strong buy,” one recommended a “buy,” 11 recommended a “hold,” and one recommended a “sell.” Buckeye Partners’ median target price of $39.5 implies an upside potential of ~7% from its current price of $37.01. On August 6, Stifel cut its target price for Buckeye Partners from $45 to $43.
In this part, we’ll discuss the MLPs that are trading at a yield higher than 10%. The MLPs included in the discussion are oil and gas MLPs. Shipping and coal MLPs aren’t included. Only MLPs with a market capitalization of more than $500 million are considered. Enbridge Energy Management (EEQ) and Enbridge Energy Partners (EEP) aren’t included pending their proposed merger with Enbridge (ENB).
On August 16, Morgan Stanley resumed coverage on Williams Companies (WMB) with an “overweight” rating on the stock. Morgan Stanley has given a target price of $35 for Williams Companies.
NEW YORK, Aug. 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of H&R ...