|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||12.26|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||1.36 (4.93%)|
|1y Target Est||33.71|
Energy fundamentals in the U.S. improved throughout the second quarter as the industry as a whole set new records for daily field production, domestic demand and exports , Jefferies said in an industrywide ...
ONEOK (OKE), scheduled to release its Q2 2018 results on July 31 after the market closes, has outperformed peers stock-wise so far this year. Although the company is expected to release strong results for the quarter, this strength may have already be priced into the stock. ONEOK has risen ~29% so far this year, while Kinder Morgan (KMI) stock has fallen ~4% and Enterprise Products Partners (EPD) has risen ~8%.
Both pipeline stocks have struggled to match the returns of the S&P 500 in recent years. Which one is better positioned to improve going forward?
Yesterday, the EIA (U.S. Energy Information Administration) released its oil inventory report. It reported that US crude oil inventories increased by 5.8 MMbbls (million barrels) to 411 MMbbls between July 6 and 13, but fell by ~80 MMbbls (16.2%) YoY (year-over-year). A Reuters survey had earlier estimated that US crude oil inventories fell 3.6 MMbbls last week.
Williams Cos Inc said on Thursday its partners still support construction of the Constitution natural gas pipeline and they would appeal a decision by federal energy regulators preventing the project from getting built. The U.S. Federal Energy Regulatory Commission (FERC) on Thursday decided not to revisit its decision in January that the New York Department of Environmental Conservation (DEC) did not waive the state's authority to issue a water quality certification for Constitution under the Clean Water Act. "Now that the FERC has issued an order on our request for rehearing, we are free to proceed with our petition to the D.C. Circuit Court of Appeals for review of the FERC's decision," Williams spokesman Chris Stockton said in an email.
The EIA (U.S. Energy Information Administration) released its gasoline inventory data yesterday, reporting that US gasoline inventories fell by 3.2 MMbbls (million barrels) to 235.8 MMbbls last week but rose by 4.6 MMbbls (2%) YoY (year-over-year). Reuters had earlier estimated that US gasoline inventories would drop by ~44,000 barrels during the week. US gasoline futures rose 0.9% to $2.04 per gallon yesterday due to gasoline inventories falling more than expected. The drop also supported oil prices, with WTI crude oil futures rising 1%.
Of the 18 analysts covering Williams Companies (WMB), seven recommend “strong buy,” seven recommend “buy,” and four recommend “hold.” Altogether, 78% recommend “strong buy” or “buy.” Their mean price target of s $34.40 for Williams Companies implies a 26% upside to WMB’s current price of $27.25.
Williams Partners L.P. (WPZ) today reported that construction is nearing completion on the Atlantic Sunrise pipeline project – a critical expansion of the existing Transco natural gas pipeline to connect abundant Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use.
August WTI oil futures contracts fell 0.7% in early morning trading on July 18. Brent and WTI crude oil futures rose ~0.5% and ~0.03%, respectively, on July 17.
In the previous part, we compared Energy Transfer Equity’s (ETE) current distribution yield to its historical levels. In this part, we’ll compare Energy Transfer Equity’s current valuation to its peers. Energy Transfer Equity’s current distribution yield of 6.9% is slightly higher than the peer average of 6.7%. However, Energy Transfer Equities’ distribution yield is lower than the Alerian MLP ETF (AMLP). Currently, AMLP trades at 8.2%.
These natural gas pipeline giants not only offer attractive dividends but are trading at compelling valuations, making them excellent buys right now.
Energy Transfer Equity’s (ETE) 30-day implied volatility was 27.5% as of July 11, which is higher than the 15-day average of 25.3%. The increase in Energy Transfer Equity’s implied volatility could be attributed to the recent increase in crude oil’s volatility.
The Williams Companies, Inc. (WMB) (“Williams”) and Williams Partners L.P. (WPZ) ("Williams Partners") today announced that, in connection with the previously announced merger transaction between Williams and Williams Partners (the “Merger”), the registration statement on Form S-4 (the “Registration Statement”) has been declared “effective” by the U.S. Securities and Exchange Commission (“SEC”). Williams also today announced that it has scheduled a special meeting of Williams stockholders to vote on the proposed Merger and related amendment to Williams’ Amended and Restated Certificate of Incorporation to increase the number of authorized shares of Williams common stock.
Williams and Williams Partners plan to announce their second-quarter 2018 financial results after the market closes on Wednesday, Aug. 1, 2018.
To conclude our series, we’ll discuss Wall Street analysts’ recommendations for the leading decliners in the first half of 2018 from the Energy Select Sector SPDR ETF (XLE).
In the first half of 2018, Williams Companies (WMB) was the third-lowest performer among the energy stocks in the Energy Select Sector SPDR ETF (XLE). Williams Companies owns and operates midstream gathering and processing assets, as well as interstate natural gas pipelines in the United States.
This Tuesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Pipelines equities: The Williams Cos. Inc. (NYSE: WMB), TransCanada Corp. (NYSE: TRP), Western Gas Partners LP (NYSE: WES), and Williams Partners L.P. (NYSE: WPZ). All you have to do is sign up today for this free limited time offer by clicking the link below.
While most energy stocks have been red-hot this year thanks to higher oil prices, some have surprisingly gone in the opposite direction.
In this part, we’ll see how hedge funds are positioning themselves in the leading first-half decliners from the Energy Select Sector SPDR ETF (XLE).
Energy Transfer Equity (ETE), the MLP GP of Energy Transfer Partners (ETP) and Sunoco LP (SUN), ranks seventh among midstream companies in terms of seven-year total returns. ETP is also among the top ten.
Williams Partners (WPZ), the midstream MLP subsidiary of Williams Companies (WMB), has seen a sharp recovery from its 2016 lows.
ETE is currently trading close to the low range ($17) of analysts’ consensus target price. A total of 78.9% of analysts have rated Williams Companies (WMB) as a “buy” as of June 22, while the remaining 21.1% have rated it as a “hold.” Seaport Global last initiated coverage on WMB with a “buy” rating.
Morgan Stanley unloaded a major position in Energy Transfer Equity (ETE) during the first quarter. It sold 29.6 million shares of ETE valued at $421.1 million. Morgan Stanley was followed by BMO Capital Markets, which sold 5.5 million shares of the GP.
DALLAS , June 29, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Midstream Energy Index, a broad-based composite of North American energy infrastructure companies. Constituents ...
Energy Transfer Equity (ETE) continues to trade above both its 200-day and 50-day moving averages, which could indicate a bullish sentiment in the stock.