|Bid||42.22 x 800|
|Ask||42.23 x 1100|
|Day's Range||41.28 - 42.56|
|52 Week Range||22.02 - 67.75|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||8.77|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||4.11 (10.08%)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||52.67|
The events of 2020 have provided many buying opportunities for savvy investors. I've put together a number of lists chocked with stocks that my Portfolio Grader says are positioned for post-pandemic gains. Here are seven pharmaceutical stocks, for example. Or how about seven manufacturing stocks to snap up before they recover?What about the oil industry? It's been hammered in 2020. A brutal price war combined with the novel coronavirus pandemic has resulted in historic low oil prices, bargain basement stock prices and a growing list of bankruptcies. Natural gas companies are struggling too. * The 7 Best Stocks to Invest in Right Now But it's possible the situation for this sector may not be as dire as oil's in the long term. There are a handful of stocks worth keeping an eye on, just in case the situation begins to improve. These 9 natural gas stocks should be on your watchlist:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Cheniere Energy (NYSE:LNG) * Magellan Midstream Partners, L.P. (NYSE:MMP) * EQT Corporation (NYSE:EQT) * Phillips 66 Partners LP (NYSE:PSXP) * Pembina Pipeline Corp (NYSE:PBA) * Enterprise Products Partners L.P. (NYSE:EPD) * Apache Corporation (NASDAQ:APA) * Cabot Oil & Gas Corporation (NYSE:COG) * Royal Dutch Shell plc ADR Class A (NYSE:RDS.A)To be clear, natural gas stocks are full of risk. Despite their high fundamental and quantitative ratings on my Portfolio Grader, these are all D-rated stocks, and the sector as a whole is still in a very tough spot. Less than two weeks ago, Chesapeake Energy (OTCMKTS:CHKAQ) -- one of the biggest U.S. shale gas producers -- filed for bankruptcy. And if the country's sixth largest gas producer is on the ropes, that's a terrible omen.However, the decline in production may correct the chronic over-supply that's plagued the industry, while there's still hope that liquid natural gas (LNG) exports could eventually open up additional markets.If you're looking for energy stocks that are positioned to be big winners going forward, check out my list of "7 Environmental Energy Stocks to Watch." But if you feel there's still a play to made in natural gas stocks and have a stomach for risk, these nine are worth keeping an eye on. Cheniere Energy (LNG)Source: IgorGolovniov / Shutterstock.com Cheniere Energy earns the sole A-rating among gas stocks on this list, and it scores that A for its fundamental grade. A pioneer in the export of liquid natural gas (thus the ticker), Cheniere Energy is betting big on the demand for American LNG exports in the European and Asian markets. With coal use on the decline, that's not an unreasonable bet.In its first quarter earnings, LNG stock reported revenue up 22% year-over-year, with export volume up 46%. Despite the circumstances, Cheniere Energy maintained its full-year 2020 guidance and even spent $155 million to repurchase 2.9 million shares of common stock. LNG stock had been on the path to recovery from a massive crash in 2015 before stalling last summer. Currently trading at $50.51, Cheniere is crawling its way back to its 2020 high of $66.00 from January. Magellan Midstream Partners (MMP)Source: Shutterstock Magellan Midstream Partners scores a B fundamental grade from my Portfolio Grader. In its first-quarter earnings report, MMP beat Wall Street expectations with EPS of $1.28 (24% higher than the $1.03 consensus). The company's primary business is the storage, transportation and distribution of petroleum products and ammonia. All told, Magellan Midstream Partners owns and operates nearly 11,000 miles of pipelines in the U.S. And Warren Buffet loves pipelines now, so maybe some of that optimism will rub off on MMP. * The 7 Best Stocks to Invest in Right Now MMP stock peaked in 2014 when it passed the $86 level, and it's been in slow decline since. Its 2020 high close of $65.08 dates back to January. After bottoming out in March, MMP's recovery has all but stalled since May. EQT Corporation (EQT)Source: Shutterstock This Pittsburgh-based company is an interesting case, maintaining a quantitative B grade. The natural gas producer and pipeline operator is focused on the Appalachian region. In fact, EQT is the largest producer of natural gas in America.EQT stock had been in free-fall since topping $58 in 2014. Even a spike in natural gas prices to close out 2018 couldn't halt the slide. That continued into early 2020, when it suddenly began showing signs of life. Natural gas prices began to creep up slightly in March. In May, EQT announced it was curtailing production and selling off non-strategic assets. The movement in gas prices combined with the company's strategic moves seemed to re-invigorate EQT. Shares in the company have gained 168% since its mid-March low, and posted 28% growth to date in 2020. Phillips 66 Partners LP (PSXP)Source: Gergely Zsolnai/Shutterstock.com PSXP stock scores a fundamental C rating in my Portfolio Grader. Since 2016, shares in the company had been unable to break the $60 ceiling, until last winter. In January, growth in the stock peaked, with PSXP closing at $64.73 on January 16. From there, it was a swift fall to below $25 by mid-March.Houston-based Phillips 66 Partners is focused on pipelines, terminals, and transportation. That makes the company less sensitive to the price of natural gas, but conversely more reliant on demand. The coronavirus pandemic cut demand, with many factories offline, but any return to normalcy would help to raise the stock again, as would a cold winter, if that's in the cards. * The 7 Best Stocks to Invest in Right Now At this point, PSXP stock is down 42% so far in 2020. However, based on its stable performance over the past five years, there is potential for this stock to recover back to the $45 to $60 groove. Pembina Pipeline Corp (PBA)Source: Shutterstock Another gas company with a fundamental C rating, Canada's Pembina Pipeline is focused on the transportation and storage of natural gas and oil from Western Canada. The company also operates a large natural gas processing complex.PBA stock had been putting together a decent year-long run before 2020's challenges put an end to it. From the start of 2019 to mid-February, PBA was up 36%. Pretty impressive for a natural gas stock. Then came a punishing drop, with BPA losing 60% of its value in just three weeks.Trading as low as $16.09 in mid-March, Pembina Pipeline stock is now nearing $24. Investment analysts are convinced that PBA's recovery will continue, although not even the most optimistic are calling for a return to those February values any time soon. Still, a predicted 20% upside over the next 12 months makes this one of those natural gas stocks at least worth keeping an eye on. Enterprise Products Partners L.P. (EPD)Source: Shutterstock Shares in Enterprise Products Partners earn a respectable B-rating for fundamentals in my Portfolio Grader.This is a company that's stuck in the middle of the oil price war and coronavirus pandemic. Enterprise's involvement in the industry is on the distribution and transportation end, so low prices don't directly impact it the way they have devastated oil and gas producers. That being said, low pricing in the sector still rocked EPD stock in the spring. Enterprise Products stock has been in recovery mode since March, but remains down 39% at this point in 2020.The company's stock hadn't been doing much over the past five years, bouncing between $25 and $30. Given the huge surplus of natural gas, and expected slump in demand for oil, that's hardly surprising. * The 7 Best Stocks to Invest in Right Now There's nothing in future trends to suggest EPD stock will suddenly going to kick into growth mode, but as conditions normalize, an eventual return to that $25 to $30 level is possible. In that case, the current pricing around $17.50 has solid upside potential. Apache Corporation (APA)Source: JHVEPhoto / Shutterstock.com Oil and gas exploration isn't a great space to be in right now. Demand for both has dropped as a result of the pandemic. And natural gas has been in oversupply for years.Apache -- which manages a quantitative C rating -- has felt the full effect of being a producer. In the first quarter, the company reported an adjusted loss of 13 cents per share. Reacting to the current market for oil and natural gas, Apache reduced its dividend and announced it will be focusing on debt reduction. In addition, Apache has been shutting down much of its U.S. drilling operations, shifting resources to higher margin operations in the North Sea and Egypt. Despite the maneuvering, APA stock has not been able to outrun the effects of the pandemic and the oil price war: it's down 50% so far in 2020. Cabot Oil & Gas Corporation (COG)Source: Shutterstock Cabot Oil & Gas is one of the rare natural gas stocks that's actually in positive territory for 2020, albeit just barely. After spending most of 2019 on a downhill slide (it lost 24% that year), COG stock started 2020 at $17.23 and closed as high as $22.37 in June. It's now in 2% growth territory for 2020. It earns a C fundamental rating in my Portfolio Grader.Why would an oil and gas exploration company with much of its production tied to fracking in Pennsylvania be in such a strong position? Why isn't COD stock underwater like so many other petroleum companies?As Investorplace's Vince Martin explains, COG is really a pure natural gas play. With oil producers shutting down, the production of natural gas as a by-product slows. * The 7 Best Stocks to Invest in Right Now Add in increased demand for natural gas and LNG as coal plants shut down, and the future looks brighter for natural gas producers like Cabot Oil & Gas. Royal Dutch Shell plc ADR Class A (RDS.A)Source: JuliusKielaitis / Shutterstock.com Royal Dutch Shell is one of the world's largest companies. There have been some ups and downs, but over the past five years, RDS.A stock (which earns a C fundamental rating in my Portfolio Grader) has been relatively stable. The company has been generous with dividends, especially when compared to other petroleum giants.However, even its size couldn't protect this oil and gas giant from the events of 2020. After hitting its 2020 high close of $60.96 on January 6, RDS.A rapidly dropped to $20.62 by March 18 -- losing nearly two thirds of its value. The dividend was cut for the first time since World War II, and its share buyback program was suspended. Shares have bounced around between $30 and $40 since.If you're willing to bet that oil and natural gas prices are going to recover to 2019 levels, then Royal Dutch Shell stock has upside. But that's far from a sure bet at his point, and any recovery is likely to be a long one. Still, it's worth watching this natural gas stock in case the global economy recovers more quickly than expected and drives up demand.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 9 Ugly Natural Gas Stocks to Keep on Your Watchlist appeared first on InvestorPlace.
Crude prices cratered more than 30% during the first half, which doesn't even describe the intense volatility as oil went negative before staging an epic rebound. This slump forced several oil companies to file for bankruptcy protection while putting many more on the brink. Three top oil stocks poised to benefit from this rebound are EOG Resources (NYSE: EOG), Enbridge (NYSE: ENB), and Magellan Midstream Partners (NYSE: MMP), making them top buys right now.
Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2020 before the market opens on Thurs., July 30. Management will discuss second-quarter 2020 earnings and outlook for the remainder of the year during a conference call with analysts at 1:30 p.m. Eastern the same day.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
With yields of roughly 10%, Enterprise Products Partners (NYSE: EPD) and Magellan Midstream Partners (NYSE: MMP) are certainly offering a level of income that will attract dividend-focused investors. The first big question for investors is whether Enterprise and Magellan are even worth looking at, given that oil is in the doldrums. Both of these master limited partnerships generate the lion's share of their operating margins (85% or more) from fee-based businesses.
The Tulsa company’s main business is operating a 9,800-mile pipeline network that carries gasoline, diesel fuel, and other petroleum products from refineries in Texas and the Midwest throughout the central part of the country. The distribution—the master limited partnership’s form of dividends—appears secure despite the economic downturn that has cut fuel demand. The depressed price reflects in part investors’ distaste for the energy industry and the once-hot pipeline business.
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the J.P. Morgan Energy, Power & Renewables Virtual Conference at 10:10 a.m. Eastern on Wed., June 17.
The rally we've experienced in the stock markets has become something of a sensation. The rebound has been substantial, with the S&P 500 rising almost 34% from its March 23 trough.Even in the current buying mood, however, there are plenty of investors who want a cautious strategy. They believe that the future is uncertain, that given the combination of coronavirus, social unrest, and a Presidential election year, there is no way to truly predict market behavior. They are not necessarily wrong, but even the most cautious investors can develop a bullish strategy.With plenty of evidence for both the bulls and the bears, the smart play now is to buy into rising dividend stocks, shoring up the portfolio for whatever lies ahead. The advantage of such a fundamentally defensive strategy is obvious: stocks that are rising now will bring the immediate gains of share appreciation, while strong dividends will provide a steady income stream regardless of market conditions.Using TipRanks database, we’ve found three dividend stocks that are yielding at least 8%, and are backed by enough analysts to earn a “Strong Buy” consensus rating. Magellan Midstream Partners (MMP)The first stock we’ll look at here is Magellan Midstream. This Oklahoma-based company is major player in the oil and gas industry, with a market cap over $10 billion and an asset map that touches on most states east of the Rocky Mountains. Magellan transports both refined products and crude oil through a network of pipelines and terminals, including Gulf Coast marine terminals connecting to the export trade.The importance of midstream to the energy industry helped insulate Magellan from the economic downturn in Q1, and while earnings slipped sequentially, they still came in 24% above expectations. The $1.28 reported marked the fifth quarter in a row that MMP beat the earnings forecast. At the same time, the outlook for Q2 is less rosy, at just 73 cents per share.Last month, Magellan priced a $500 million issue of senior notes, due in ten years. These notes will help pay down higher interest debt that comes due next year, and improves the company’s liquidity position, important points in uncertain economic times. The new debt carries interest of 3.25%, a significant reduction in the company’s debt service payments.In addition to improving liquidity, MMP management also recently declared the $1.0275 per share quarterly dividend. This payment is the same as the previous quarter’s, which makes sense as the company has a pattern of raising the dividend every other quarter. At $4.11 annualized, the dividend yield is 8.58%.Wells Fargo analyst Praneeth Satish sees MMP as a reliable choice for dividend investors, writing, “The company intends to maintain the current quarterly distribution for the rest of the year... In the interim, MMP remains well positioned given its strong balance sheet and liquidity position, and ratable cash flow stream, in our view.”Satish rates the stock a Buy, and his $54 price target implies an upside potential of 14% for the year. (To watch Satish’s track record, click here)Magellan’s Strong Buy analyst consensus rating is based on no fewer than 14 Buys set in recent weeks, along with 3 Holds. Some caution is evident in the average price target, which at $49.82 represents a 6.5% premium from the $46.77 trading price. (See Magellan stock analysis on TipRanks)New Mountain Finance (NMFC)Next up, New Mountain Finance, is a business development corporation. The company controls a portfolio of credit funds and public and private equity worth over $20 billion. Earnings on the company’s portfolio actually increased in Q1, rising from 32 to 34 cents per share. The Q1 number beat expectations by over 6%.In a nod to the current corona crisis, management lowered the quarterly dividend from 34 cents to 30 cents, but even the lower dividend still gives an annualized yield above 11.92%. Investors can also note that company officers – the insiders, if you will – have been on a buying spree lately. Their sentiment on NMFC is strongly positive, and insiders have purchased over $7 million worth of company stock in the past three months.Oppenheimer analyst Chris Kotowski assigned a Buy rating on this stock, citing the company’s resiliency. His $11 price target suggests a 6.5% upside for the next 12 months. (To watch Kotowski’s track record, click here)In his comments, the 5-star analyst wrote, “Given the quality and liquidity of NMFC's portfolio as well as support from its manager (which supplied a $50M line of credit and deferred fees), we think they should be able to get this situation in hand in a quarter or two.” NMFC shares have recently powered right through their average price target, another indicator of investor confidence. The stock sells for $10.33, nearly 1% above the average price target of $10.25. Expect Wall Street’s investors to revisit their expectations here in the near future. In the meantime, 4 of 4 reviews on this stock are to Buy, giving NMFC a Strong Buy analyst consensus rating. (See NMFC stock analysis on TipRanks)Summit Hotel Properties (INN)We’ll finish this list with Summit Hotel. A stock in the hospitality sector, in the midst of the coronavirus public health crisis? Yes, really. Summit, an REIT, owns 73 hotels in the US, and boasts over 10,000 rooms. The company’s properties are skewed toward upscale customers, who are less likely to be affected by a cash crunch, even in the current economy. And, Summit entered the current crisis with over $395 million in available credit.Even with those advantages, Summit’s shares are down 31% after the bears and bulls have had their way in the past three months. But the main result recent volatility has been to inflate the dividend yield. At 72 cents annualized, the company’s dividend gives a yield of 8.9%, 4.5x higher than the S&P average yield.Deutsche Bank analyst Chris Woronka is duly impressed by the company’s position. He writes of Summit, “[We] expect to see meaningful market share gains as INN leans into the power of the brand platforms and potentially benefits from demand that has been displaced from hotels' whose highly leveraged owners have had to suspend operations. INN has 27-28 months of liquidity… We view INN as a solid risk-adjusted way to gain exposure to lodging in the nascent stages of recovery.”In line with this bullish view, Woronka rates INN a Buy. (To watch Woronka’s track record, click here.)Wall Street is unanimous at INN shares, as 6 analysts have all given recent Buy ratings to the stock. INN’s recent gains have pushed it through the average target as well. The current trading price of $8.36 shows that the $7.67 average price target is simply obsolete. (See Summit stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Units of MLP Magellan Midstream Partners (NYSE: MMP) rose 10% in May, according to data provided by S&P Global Market Intelligence. Magellan Midstream Partners reported its first-quarter results in early May. Overall, its earnings and cash flow held up reasonably well: Both declined by less than 4% despite all the turmoil in the oil market.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A midstream player that's changed its business or one that's stuck to its knitting? The choice isn't easy with both offering 9%+ yields.
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 3.25% senior notes due 2030. The notes were priced at 99.88% of par to yield 3.264% to maturity. The partnership intends to use the net proceeds from this offering of approximately $495.4 million, after deducting underwriting discounts and estimated offering expenses, for general partnership purposes, which may include capital projects and repayment of indebtedness, including borrowings under its revolving credit facility and commercial paper program and redemption of its 4.25% senior notes due 2021.
Despite an unprecedented downturn in oil demand that's set to wreak havoc for many months ahead, there are some companies that look buy-worthy right now.
Shares of Magellan Midstream (NYSE:MMP) rose 1.1% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share rose 20.75% year over year to $1.28, which beat the estimate of $1.03.Revenue of $782,806,000 higher by 24.47% year over year, which beat the estimate of $683,970,000.Outlook Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 01, 2020View more earnings on MMPWebcast URL: https://edge.media-server.com/mmc/p/sgsmpnikPrice Action 52-week high: $67.7552-week low: $22.02Price action over last quarter: down 32.99%Company Profile Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network, terminal storage, and several crude oil pipelines. Refined products make about 55% of operating margin, with the balance split between crude pipelines and marine terminals.See more from Benzinga * Recap: Restaurant Brands Q1 Earnings * Recap: AbbVie Q1 Earnings * Recap: Honeywell International Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $287.6 million for first quarter 2020 compared to $207.7 million for first quarter 2019. The increase in first quarter 2020 net income was primarily driven by mark-to-market (MTM) adjustments for hedge positions related to the partnership's commodity-related activities.
Both Magellan Midstream Partners (NYSE: MMP) and MPLX (NYSE: MPLX) are top Master Limited Partnerships that have tumbled lately. Crude oil production in the US is being affected by demand destruction due to coronavirus in an oversupplied market. Midstream operators, including Magellan and MPLX, are sure to face some heat in such a scenario.