|Bid||0.00 x 2900|
|Ask||0.00 x 900|
|Day's Range||24.67 - 24.99|
|52 Week Range||18.38 - 27.70|
|PE Ratio (TTM)||43.79|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||1.20 (4.76%)|
|1y Target Est||27.71|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest moves.
In addition to the ~8% appreciation that we discussed in Part 1 of this series, Enterprise Products Partners (EPD) has offered three distribution payments in 2018, which brings its total returns to ~13% YTD (year-to-date). Enterprise Products Partners is trading at a yield of ~5.9%, which is ~280 basis points higher than the current US ten-year Treasury yield.
So far, Enterprise Products Partners (EPD) has risen ~8% in 2018 and outperformed the Alerian MLP ETF (AMLP), which has fallen ~2%. Enterprise Products has outperformed Kinder Morgan (KMI) and Magellan Midstream Partners (MMP), which have fallen 4% and 3%, respectively, YTD (year-to-date). Plains All American Pipeline (PAA) has risen 17% YTD.
Houston-based midstream giant Plains All American Pipeline LP (NYSE: PAA) has made a registration filing with the U.S. Securities and Exchange Commission for up to $1.1 billion in debt and equity. The registration allows Plains to issue $1.1 billion notes or shares in aggregate at a later date, or incrementally across several later dates, according to the SEC filing Sept. 14. The filing effects the replacement for an existing registration statement that expires within the next month, according to the filing.
On September 14, Morgan Stanley raised its price target for Plains All American Pipeline (PAA) from $27 to $28. It also raised its price target for Plains GP Holdings (PAGP) from $26 to $28. Plains All American Pipeline stock has risen ~18%, and Plains GP Holdings stock has risen ~10% so far in 2018.
Midstream sector stocks underperformed the broader markets last week, which ended on September 14. The Alerian MLP Index gained 0.4% compared to a 1.2% rise for the S&P 500 Index. The Energy Select Sector SPDR ETF (XLE) rose 2% for the week, and crude oil prices increased 1.8%.
Pipeline battles and oppositions have long been a cause of concern in Canada and the condition in the United States is no different.
U.S. Sen. Ted Cruz, R-Texas, is opposed to the use of tariffs against foreign imports to the U.S., he said during a press briefing in Houston on Sept. 11 at the Petroleum Club. The Trump administration has been using tariffs as a negotiating tool in its ongoing conflicts over trade, especially with China. The tariffs already in place have impacted some of the Bayou City’s largest energy companies, like ConocoPhillips (NYSE: COP) and Plains All American Pipeline LP, and have hindered some development by smaller players in the Houston area.
Plains All American Pipeline, L.P. (NYSE: PAA ) confirmed in late August it divested a 30-percent stake in BridgeTex Pipeline Co., eliminating any need for Plains to seek external equity financing, according ...
Oil prices are once again trending upward as the Iran sanctions loom and geopolitical tensions rise around the globe – increasing the likelihood of outages
Noble Midstream Partners (NBLX) fell 6.5% last week, which ended September 7. Downstream MLP CVR Refining (CVRR) fell 5.8% and was downgraded by Goldman Sachs. We’ll take a look at it in the next part of this series. Plains GP Holdings (PAGP) and Plains All American Pipeline (PAA) fell 4.4% and 3.3%, respectively. A 2.9% fall in crude oil prices likely contributed to the fall in PAA and PAGP.
Top midstream stocks Enterprise Products Partners (EPD) and Kinder Morgan (KMI) rose 0.9% and 0.7%, respectively, last week, which ended September 7. However, Williams Companies (WMB) fell 3.4%, and Plains All American Pipeline (PAA) fell 3.3%. Crude oil prices fell ~2.9% during the week.
A pipeline company was convicted of nine criminal charges Friday for causing the worst California coastal spill in 25 years, a disaster that blackened popular beaches for miles, killed wildlife and hurt tourism and fishing. guilty of a felony count of failing to properly maintain its pipeline and eight misdemeanor charges, including killing marine mammals and protected sea birds.
Houston-based Plains All American Pipeline LP (NYSE: PAA) was convicted last week on multiple counts related to the 2015 Refugio Oil Spill in Santa Barbara County, California. Charges against one of Plains’ employees and dozens of others against the company were dismissed before the case went to trial, Reuters reports.
A pipeline company was convicted of nine criminal charges Friday for causing the worst California coastal spill in 25 years, a disaster that blackened popular beaches for miles, killed wildlife and hurt tourism and fishing. California Attorney General Xavier Becerra said in a statement that Plains' actions were not only reckless and irresponsible but also criminal. "We are committed to doing the right thing," the company said.
Investors need to pay close attention to Plains All American (PAA) stock based on the movements in the options market lately.
Plains All American (PAA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Plains All American Pipeline expects to review its quarterly cash distribution to investors and possibly increase the distribution as early as the first quarter of 2019, Chief Operating Officer Willie Chiang said at the Barclays CEO Energy-Power Conference on Wednesday. The Houston pipeline operator will examine global market factors and aims to retain "a high level of both operating and financial flexibility," Chiang said.
Most top midstream companies fell in the week that ended on August 31. Energy Transfer Equity (ETE) fell 4.3% in the week, whereas Plains All American Pipeline (PAA) fell 3.8%.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Plains All American Pipeline LP (NYSE:PAA) a safer option. Big corporations are much sought afterRead More...
A new Crude-By-Rail deal between Texas-based Vista Proppants and Logistics and Jupiter MLP could ease battlenecks in the Permian