|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||21.87 - 22.45|
|52 Week Range||18.38 - 27.70|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||38.85|
|Earnings Date||Feb 5, 2019|
|Forward Dividend & Yield||1.20 (5.22%)|
|1y Target Est||28.38|
NEW YORK, Nov. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
New pipeline capacity, a massive backlog of uncompleted wells, and increased drilling activity together set the stage for the next leg of growth in U.S. oil production.
Q3 2018 Plains All American Pipeline LP and Plains GP Holdings LPEarnings Call
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. Production in the Permian Basin of West Texas and New Mexico is projected to hit 3.55 million barrels per day (bpd), up from 2.04 million bpd two years ago. Plains All American Pipeline also got a boost from buying cheap at the wellhead and collecting the U.S. Gulf Coast price.
Plains All American (PAA) impresses with the bottom and top-line beat in Q3, primarily driven by an increased volume in Permian Basin.
TULSA, Okla. and DENVER , Nov. 8, 2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that they have launched an open ...
On a per-share basis, the Houston-based company said it had profit of 87 cents. Earnings, adjusted for non-recurring gains, were 43 cents per share. The results topped Wall Street expectations. The average ...
Plains All American Pipeline, L.P. and Plains GP Holdings today reported third-quarter 2018 results.
Plains All American Pipeline (PAA) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
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.
MPLX (MPLX) reported its third-quarter results on November 1. The company reported a DCF (distributable cash flow) attributable to its general partner and limited partner unitholders of $747 million for the quarter, which represents 75% YoY (year-over-year) growth. The growth in MPLX’s DCF was driven by strong earnings growth across both of its segments. Earnings from drop-down assets and strong volumes contributed to MPLX’s third-quarter earnings growth.
Energy sector stocks, including midstream stocks, tumbled in the week ended October 26. The midstream sector underperformed the broader markets. The Energy Select Sector SPDR ETF (XLE) and the Alerian MLP Index fell 7.1% and 6.5%, respectively, for the week.
The company's third-quarter earnings beat analysts' expectations on revenue and earnings per share.
West Texas Intermediate at Midland's discount to U.S. crude reached the widest level in two weeks on Wednesday, a day after Energy Transfer LP said its West Texas Gulf pipeline remained offline for maintenance that was prolonged after an oil spill, traders said. WTI Midland (WTC-WTM) traded at a $6.25 per barrel discount to U.S. crude on Wednesday after Dallas-based Energy Transfer said late on Tuesday the pipeline, which runs from Colorado City to Longview, Texas, was still undergoing testing. Pipelines out of West Texas have filled as production in the Permian basin, the largest U.S. oilfield, surged and any unforeseen outages in the region can lead to sudden swings in regional prices.
West Texas Intermediate at Midland's discount to U.S. crude futures narrowed to the lowest level since March this week and remained tight on Friday as pipeline operators nominated crude volumes to move out of the Permian Basin, traders said. WTI Midland's (WTC-WTM) discount to U.S. crude touched a seven-month low of $2.50 per barrel on Thursday, strengthening as pipeline operators in the Permian Basin nominated volumes. The inland grade traded at $3 per barrel on Friday, but traders said the differential could soon widen by several dollars again as shippers scramble to find a way to ship barrels not ordered by pipeline operators.
EPIC is planning on transforming its 730-mile NGL pipeline into a crude oil shipping one to provide producers with interim easement.
Oil producers in the Permian Basin have started selling a new stream of light crude, said people familiar with the matter, securing a market for the increasingly less dense oil being pumped from the largest U.S. shale play. Sales of West Texas Intermediate Light, or WTI Light, started in September with deliveries into Midland, Texas, the people said. The new stream is being primarily blended to produce so-called Domestic Sweet crude, WTI Midland or benchmark WTI for delivery at Cushing, Oklahoma, the people said.
Plains All American (PAA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Credit Suisse updated its ratings on several MLP and midstream stocks last week. Credit Suisse started coverage on Plains All American Pipeline (PAA), Plains GP Holdings (PAGP), Williams Companies (WMB), Energy Transfer Equity (ETE), Kinder Morgan (KMI), MPLX (MPLX), and Enterprise Products Partners (EPD) with an “outperform” rating.