61.85 0.00 (0.00%)
After hours: 5:08PM EST
|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||61.13 - 61.94|
|52 Week Range||54.25 - 75.58|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||11.25|
|Earnings Date||Jan 31, 2019|
|Forward Dividend & Yield||3.91 (6.26%)|
|1y Target Est||73.00|
Highlights from Kinder Morgan’s Fourth-Quarter EarningsEarnings and revenuesKinder Morgan (KMI) reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY (year-over-year) in the
NEW YORK, Jan. 14, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
TULSA, Okla. , Jan. 11, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 4.850% senior notes due 2049. The notes were priced at ...
Magellan Midstream Partners has a long history of rewarding income investors well, but 2018 was tough on their equity.
Amid the uproar over the wildly unstable markets, the usual suspects like technology or retail garnered the most attention. However, the deterioration in oil stocks presents one of the more troubling economic indicators. While drivers appreciate the discount at the pump, a deflated energy sector typically means a slowdown in commerce. That said, the benchmark indices have witnessed a sharp rise in sentiment. For instance, the Dow Jones Industrial Average has gained over 3% this month. Likewise, oil and energy stocks have benefited the most from the resurgence. West Texas Intermediate is up over 14% in January, while the international benchmark Brent Crude Oil jumped 13%. Still, I'd take a cautious approach to oil & gas stocks at this juncture. Countries awash in "black gold," such as Saudi Arabia, are attempting to diversify their economies away from commodity dependency. They know firsthand the threat that suddenly declining prices pose. Further, efforts to artificially raise demand with production cuts have failed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips But on the flipside, energy stocks offer longer-term opportunities, if you know where to look. A major oversight is the focus on quantity and not quality. For example, shale-derived oil is too light to meet industrial demand for diesel. Therefore, demand for midstream and downstream oil stocks can jump when the supply of appropriate commodities dwindles. Under the current environment, upstream oil & gas stocks present challenges. However, this segment shouldn't be ignored. Proven companies that profit from their exploration dollars could move higher, especially if the newfound bullishness in oil sustains itself. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Undoubtedly, this is a tricky segment. But if you have the nerve, here are five oil stocks to consider: ### BP (BP) Source: Mike Mozart via Flickr Drilling for oil is a centuries-old business. As such, it's easy to think that the industry remains an unsophisticated, crude affair, no pun intended. However, energy stocks are rapidly becoming dependent on innovative technologies, with BP (NYSE:BP) lending a recent example. A few days ago, BP announced that it discovered one billion barrels of crude in the Gulf of Mexico. Specifically, the company hit pay dirt at its Thunder Horse field, which is located off the tip of Louisiana. But what made this announcement distinct was how BP made its discovery: Using advanced seismic technology and data processing, BP accelerated its analytics. Management stated that using prior-generation tech, the Thunder Horse finding would have taken years. Now, it takes just weeks. Of course, upstreaming is risky in a volatile market due to the expenses involved in exploration efforts. But BP's seismic tech sounds like a gamechanger that separates it from lesser oil stocks. ### Kinder Morgan (KMI) Source: Roy Luck via Flickr Part of the complexity involved in assessing energy stocks is the underlying product diversity. For instance, different oil viscosities lend to variances in performance and functionality. At its most elemental level, oil and gas products serve specific needs. Understanding these nuances can help navigate you toward the best investment. With that in mind, if I had to make a pick among oil & gas stocks, I'm putting Kinder Morgan (NYSE:KMI) on my short list. In recent years, natural gas production has skyrocketed in the U.S. This has created a viable market that didn't previously exist in such scale. As a result, Kinder Morgan's midstream operations should continue to enjoy long-term demand. While KMI has exposure up and down the supply chain, its network of gas pipelines primarily rings the cash registers. Loosely speaking, the company operates a subscription business model: clients pay KMI based on the amount of gas sent through the pipelines. * 10 Stocks You Can Set and Forget (Even In This Market) No matter what happens to natural gas prices, transportation of energy-related commodities will remain a vital business venture. ### Magellan Midstream Partners (MMP) Source: Tony Webster via Flickr Over the last few volatile years, most oil stocks simply operated on survival mode. After absorbing devastating losses in 2014 and 2015, most sector players' financials look understandably awful. On the other hand, we have exceptions like Magellan Midstream Partners (NYSE:MMP). Since 2015, MMP has provided consecutive annual revenue growth, and momentum remains strong. In its most recent quarter, MMP delivered sales of $638 million, up over 11% year-over-year. Moreover, the company generates consistently positive free cash flow and features a fairly stable balance sheet. Despite the general wildness in oil stocks, MMP should continue to deliver the goods. Management is eyeing overall growth, as evidenced by the constant expansion of its refined-petroleum products pipeline in Texas. More importantly, the organization is broadening its scope while emphasizing fiscal discipline. ### Valero Energy (VLO) Source: Mike Mozart via Flickr Even compared to other troubled energy stocks, Valero Energy's (NYSE:VLO) precipitous downturn surprised many observers. After putting up outstanding numbers throughout most of 2018, the final quarter proved insurmountable. Between the beginning of October and the end of December, VLO had sunk 34%. But for current speculators, the extreme bearishness in Valero shares have taken down significant risk. For starters, we have to go back to November 2017 to see prices this low. More importantly, management has sparked a fiscal revival. Thanks to key acquisitions, Valero's revenue and profitability metrics have improved dramatically since 2016. * 7 Stocks at Risk of the Global Smartphone Slowdown I see more of the same in 2019, especially with its merger with Valero Energy Partners. Overall, the organization has solid financial standing, which has proven valuable in terms of shareholder payouts. ### Occidental Petroleum (OXY) Source: Hayden Irwin via Flickr Like other energy stocks, Occidental Petroleum (NYSE:OXY) incurred a disjointed year in 2018. In the first half, OXY appeared very promising, gaining over 15%. Unfortunately, sector turbulence combined with a broader market meltdown cratered the company. After the dust settled, OXY had shed more than 13% last year. Still, I wouldn't rule out a comeback. Since hitting a sales bottom in 2016, Occidental has been on a tear. Prior acquisitions have proved vital, with OXY returning to annual profitability in 2017, and is on course for a repeat performance in 2018. Moreover, the leadership team have anticipated multiple oil-pricing scenarios. Should a barrel of crude drop to $40, OXY asserts that it can pay its dividends, and not overspend its cash flow. The sector is volatile, but I doubt that it will get that bad. Therefore, OXY presents an intriguing contrarian case. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 "Discounted" Oil Stocks to Buy After a Tough 2018 appeared first on InvestorPlace.
TULSA, Okla. , Jan. 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2018 before the market opens on Thurs., Jan. 31 . Management ...
How Analysts View the Top MLPs at the Beginning of 2019 (Continued from Prior Part) ## Magellan Midstream Partners Magellan Midstream Partners (MMP) offers a potential upside of more than 21% based on analysts’ median target price of $73.2. Magellan Midstream Partners is trading at $60.3. Among the 21 analysts tracking Magellan Midstream Partners, six recommended a “strong buy,” five recommended a “buy,” nine recommended a “hold,” and one recommended a “sell” as of January 8. UBS cut Magellan Midstream Partners’ target price from $76.0 to $74.0 last week. The above chart shows the normalized price performance of Magellan Midstream Partners stock along with the Alerian MLP ETF (AMLP). ## Valuation and distribution yield Magellan Midstream Partners is trading at an EV-to-EBITDA multiple of 12x based on analysts’ earnings estimates for 2019. The company looks relatively expensive compared to its peers. Magellan Midstream Partners’ historical valuation multiple is beyond 19x. Currently, Magellan Midstream Partners offers a distribution yield of 6.6%. The company raised its distribution ~13% in the last five years. ## Peer comparison Western Gas Partners (WES) has a median target price of $54.9—compared to its current market price of $46.1. The target price indicates a potential upside of more than 19% for the next 12 months. Western Gas Partners stock looks relatively cheap considering its forward EV-to-EBITDA multiple at 7.6x. Analysts expect a strong year-over-year earnings growth of more than 25% in 2019. Western Gas Partners offers a distribution yield of 8.6%, which is in line with the industry average. Western Gas Partners’ distribution grew 11.4% in the last five years. 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?
Last year was one for the record books when it comes to master limited partnerships (MLPs). But not necessarily in a good way. The tax structure was long favored by investors seeking high dividends in our world of low interest rates. However, thanks to changes to the tax code and the Fed's path to normalcy, MLPs have been falling by the wayside. Both in share price from rising rates and in actual existence. Thanks to the Republican tax plan, MLPs do not necessarily make much sense anymore and many parent/GPs have been swallowing their MLP subsidiaries. For income seekers, this removes many potential opportunities to score an extra high-yield. But investors shouldn't fret too much. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There are still a few MLPs sticking around and more importantly, those that are, happen to be some of the best and strongest partnerships around. And with the supply of MLPs dwindling, analysts expect a good year ahead for the remaining firms. * 10 Oversold Stocks Due for a Bounce With that in mind, here are three MLPs to buy for the new year. ### MPLX (MPLX) Source: Riccardo Annandale Via Unsplash Distribution Yield: 8.27% It's not often you can find real growth potential and strong cash flows/distribution increases. Often, it's one or the other when it comes to MLPs. But MPLX (NYSE:MPLX) has both in spades. Originally, MPLX was set-up by refining giant Marathon Petroleum Corp (NYSE:MPC) to own the various pipelines that feed its facilities. However, in the years since launching, the MLP has become a giant in its own right -- controlling thousands of miles worth of pipelines, processing assets and storage terminals. A huge part of that is focused on natural gas after its game-changing acquisition of MarkWest. This brought in plenty of natural gas gathering, transportation and fractionators under its umbrella. This provided MPLX with a steady base with the refining assets as well as high growth operations from the natural gas portion. What it has really done is make MPLX a cash flow and distribution machine since its IPO. Since 2016 alone, MPLX has managed to see its distributable cash flows jump a whopping 224%! Distributions have increased by 125% since its IPO in 2012 and the MLPX currently yields a big 8.27%. With new growth opportunities in the Permian and other points in Texas, MPLX shouldn't be able to keep the growth going in the new year. And with MPC's management already signaling that the MLP structure works for them, investors know this is one firm that will last for a while. All in all, MPLX represents one of the best MLPs to bet on for 2019 and into the future. ### Magellan Midstream Partners, L.P. (MMP) Source: Tony Webster via Flickr Distribution Yield: 6.91% Magellan Midstream Partners, L.P. (NYSE:MMP) proves that boring is beautiful when it comes to MLPs. MMP has long been a port in the storm and it has continued to reward shareholders throughout its history. The key is its focus on crude oil. Magellan's 11,000+ miles worth of pipelines and storage facilitates makes up the largest refined petroleum products pipeline system in the country. Roughly half of the nation's total refining capacity, either going into refineries or coming out to end-users, can tap into one of MMP's system of pipelines, terminals or storage farms. This huge system provides Magellan with plenty of cash flow generation, that in turn trickles down to investors. Over the last 18 years, MMP has managed to increase its distribution every year and it has done so at an annual rate of around 10% per year. Perhaps the best part of MMP is that it has some of the most conservative management in the entire MLP sector. They only invest in quality projects and don't chase returns. They also try and keep coverage ratios at great levels. With that, MMP's management is pulling back slightly on its distribution growth -- targeting 8% -- and investing $2.5 billion in some new pipelines for additional growth. All of which should keep its coverage ratio at around 1.2x. That's just perfect for MLPs. * 7 Best Fidelity Funds for 2019 And perfection is what you get with MMP. For investors still looking for MLPs, Magellan deserves a place in your portfolio. ### Hess Midstream Partners LP (HESM) Source: Mike Mozart via Flickr Distribution Yield: 7.81% MLPs succeed based on the strength of their partners. Drop-downs can be an integral part of how an MLP grows. So, naturally, if the firm's partner is big and growing, then the MLP will be as well. A good example of this could be Hess Midstream Partners LP. (NYSE:HESM). A couple of years ago, energy stock Hess (NYSE:HES) was the target of activist investors. That shook up shares, resulted in asset sales and the MLP launch of HESM. The IPO of its pipeline assets turned out to be a great decision for HES and its investors. HESM focus is on the prolific Bakken shale, where Hess owns more than 550,000 acres of land. The Bakken continues to be one of the hotbeds of drilling activity in the U.S. Despite that, infrastructure to get that crude oil out of the ground and to market remains poor. Because of this, HESM has a major foothold in the region and can charge some pretty hefty rates for other drillers to use its system. Meanwhile, HES provides plenty of stable volumes/cash from its drilling activity. The continued growth in drilling and throughput in its system has allowed HESM to see an amazing 19% compound annual growth rate (CAGR) for earnings and a 15% CAGR for its distributable cash flows. The best part is, there's still dropdown potential from its parent and increased demand from other shippers. With 100% of its revenues coming from fees rather than the price of oil and contracts averaging 10 years, HESM still has plenty of growth left in the tank. It may be new, but Hess Midstream is already becoming one of the best MLPs to buy. At the time of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 20% in December * 5 Chinese Stocks to Avoid Now (But Buy Later) * 3 Big Gainers That Easily Could Be the Best Stocks to Buy Compare Brokers The post 3 High-Yield MLPs to Buy for a Stronger Portfolio in 2019 appeared first on InvestorPlace.
DALLAS , Jan. 8, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing ® MLP High Income Index (the "Index"). ...
DALLAS , Jan. 4, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part ...
Before we spend many hours researching a company, we’d like to analyze what insiders, hedge funds and billionaire investors think of the stock first. We would like to do so because the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of […]
Tumbling oil prices may have knocked energy pipeline and infrastructure companies into bargain territory. Some closed-end funds that own the stocks may be even better deals.
Kinder Morgan (KMI) stock offers a strong potential upside of 34.3% for the next 12 months. Wall Street analysts have given Kinder Morgan a target price of $21.65—compared to its current market price of $16.12.
TULSA, Okla. , Dec. 3, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears , chief executive officer, is scheduled to present at the Wells Fargo Midstream ...
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Magellan Midstream Partners, Sociedad Química y Minera de Chile, and Goldman Sachs aren't that far off their 52- week lows. Perhaps it's time to look at two of them.
Energy MLPs had been a favorite for income-seeking investors for nearly two decades. The challenges following the slump in oil prices in 2014–2015 took the wind out of this sector, though. However, as the sector consolidates and companies find ways to survive and grow in the new environment, some interesting opportunities seem to be available for investors. The Alerian MLP Index, a benchmark index for energy MLPs, is trading at a yield of ~8.1%. That’s ~5% higher than the US ten-year Treasury yield.