|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||61.00 - 62.42|
|52 Week Range||49.65 - 71.99|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||32.09|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||3.42 (5.48%)|
|1y Target Est||73.65|
BP Capital, the hedge fund of the now-retired oil tycoon T Boone Pickens (Trades, Portfolio), disclosed six new positions in its third-quarter portfolio, which was released last week. Warning! GuruFocus has detected 1 Warning Sign with WMB. Based on these criteria, the firm established positions in Williams Companies Inc. (WMB), Knight-Swift Transportation Holdings Inc. (KNX), Antero Resources Corp. (AR), Noble Midstream Partners LP (NBLX), Antero Midstream Partners LP (AM) and ONEOK Inc. (OKE).
So far, Canadian midstream giants TransCanada (TRP) and Enbridge (ENB) have each fallen ~20% in 2018. The stocks have underperformed the Energy Select Sector SPDR ETF (XLE), which has fallen ~6% during the same period. In comparison, Kinder Morgan (KMI) has fallen ~8%, while ONEOK (OKE) has risen 14% YTD (year-to-date). WTI crude oil prices have risen ~5% YTD.
On November 2, Baird cut its price target for Genesis Energy (GEL) from $26 to $25. Barclays cut its price target for GEL from $25 to $24. Of the ten analysts surveyed by Reuters covering Genesis Energy, two have rated it a “strong buy,” three rated it a “buy,” and five analysts rated it a “hold.” The stock’s median price target is $27.
Crude oil prices fell 6.6% last week. Despite the fall, most of the top midstream stocks managed to be in the green for the week. Williams Companies (WMB), which reported strong third-quarter results on October 31, rose 5.2% for the week. Kinder Morgan (KMI), Enterprise Products Partners (EPD), and Energy Transfer (ET) rose 1.6%, 1.0%, and 1.3%, respectively. Enterprise Products Partners reported strong Q3 performance on October 31.
NEW YORK, Nov. 05, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
National Fuel Gas (NFG) missed fiscal fourth quarter earnings estimates but revised its fiscal 2019 earnings guidance higher expecting better price realizations on Seneca's production.
So far, MPLX (MPLX) stock has fallen ~4% in 2018. In comparison, Magellan Midstream Partners (MMP) has fallen ~14%. Enterprise Products Partners (EPD) stock is roughly flat, while ONEOK (OKE) and Plains All American Pipeline (PAA) have risen 19% and 7%, respectively. MPLX’s mean target price, provided by Reuters-surveyed analysts, is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.
DALLAS , Nov. 2, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® 30 MLP Index (the "Index"). ...
MPLX’s (MPLX) Logistics and Storage segment’s third-quarter earnings grew ~2.5x compared to its earnings in the third quarter of 2017. The strong growth was driven by contributions from drop-down assets acquired from Marathon Petroleum (MPC). The segment’s earnings grew 24% YoY (year-over-year) excluding the impact of drop-downs. The segment’s earnings grew 4% sequentially.
TransCanada (TRP) reported its third-quarter results on November 1. The company reported comparable earnings of 902 million Canadian dollars—compared to 614 million Canadian dollars in the third quarter of 2017. Contributions from new projects, a strong performance on existing assets, and the US tax reform’s positive impact contributed to TransCanada’s earnings growth for the quarter. The stock rose 3% on November 1.
Enterprise Products Partners (EPD) stock is roughly flat YTD (year-to-date). In comparison, Kinder Morgan (KMI), Magellan Midstream Partners (MMP), and Williams Companies (WMB) have fallen ~9%, 13%, and 22%, respectively, during the same period. ONEOK (OKE) has risen 20% YTD. So far, the Alerian MLP ETF (AMLP) has fallen ~11% in 2018. Enterprise Products Partners has outperformed most of its peers in 2018.
ONEOK (OKE) reported its third-quarter results on October 30 after the markets closed. The company’s EPS of $0.75 beat the consensus estimates of $0.71 for the quarter. ONEOK also beat its revenue estimates for the quarter by ~7.0%. The company’s third-quarter operating income rose 40% YoY (year-over-year). The NGL (natural gas liquids) and natural gas volumes growth across the company’s assets drove its earnings growth for the quarter.
Investing.com - ONEOK (NYSE:OKE) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
Oneok (OKE) delivered earnings and revenue surprises of 5.63% and 2.60%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Tulsa, Oklahoma-based company said it had profit of 75 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for ...