|Bid||10.09 x 40700|
|Ask||10.13 x 47300|
|Day's Range||10.10 - 10.16|
|52 Week Range||8.27 - 11.41|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.99|
|Expense Ratio (net)||0.85%|
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]
Currently, Energy Transfer stock looks attractive based on its valuation. The stock is trading at a forward EV-to-EBITDA multiple of ~9x based on the consensus earnings estimates for the next 12 months.
Raymond James upgraded Williams Companies (WMB) and downgraded Kinder Morgan (KMI) on June 26. Raymond James downgraded KMI from "outperform" to "market perform." Based on consensus estimates, Kinder Morgan has a mean price of $21.7 against its current market price of $20.6, indicating an estimated upside of 5% for the next year.
Last week, US crude oil prices rose 8.8%, while natural gas active futures fell 8.9%. The upturn in oil was more significant for energy ETFs than the fall in natural gas prices.
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
Income-minded investors who are looking for alternative avenues of yield generation may consider master limited partnership exchange traded funds.
What Impacted Your Energy Portfolio?(Continued from Prior Part)Correlation with US crude oilOn May 9–16, major energy ETFs had the following correlations with US crude oil active futures:the VanEck Vectors Oil Services ETF (OIH): 90.7%the SPDR
Here is a look at ETFs that currently offer attractive income opportunities. The high-yield candidates included in this list meet two sets of criteria. First, each of these funds is deemed to be a high-yield prospect because it boasts an annual dividend yield upwards of 5%. Second, each of these ETFs also boasts over $100 million in total assets under management to help steer investors away from less established funds. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Exploring Top Midstream Players' Price Targets in the Wake of Q1(Continued from Prior Part)MPLX’s price performanceMPLX (MPLX) has underperformed its midstream peers so far in 2019. The stock is up only ~1% so far in 2019. In comparison,
Master limited partnerships and energy infrastructure sector-related exchange traded funds stood out Friday after Australian-based IFM Investors agreed to buyout Buckeye Partners (NYSE: BPL) for $6.5 billion. ...
How Oil and Equity Market Are Affecting Your Energy Portfolio(Continued from Prior Part)Correlation with US crude oilOn May 2–9, major energy ETFs had the following correlations with US crude oil active futures:the SPDR S&P Oil & Gas
The Alerian MLP ETF (NYSE Arca: AMLP) declared its second quarter 2019 distribution of $0.195 on Wednesday, May 8th. The dividend is payable on May 16, 2019 to shareholders of record on May 10, 2019. ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the ALPS|Alerian Energy Infrastructure Portfolio.
Energy Weekly: Will US Crude Oil Hold $60?(Continued from Prior Part)Energy subsector ETFsIn the week ending May 3, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) fell 5.5%.The SPDR S&P
Enterprise Products’ Q1 Earnings Beat Estimates(Continued from Prior Part)EPD’s capital projectsEnterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter. It expects to invest $3.4 billion to $3.8 billion on
What to Expect from Enterprise Products Partners’ Q1 Earnings(Continued from Prior Part)EPD’s Shin Oak pipeline Enterprise Products Partners (EPD) began operations at its Shin Oak pipeline in February 2019. The NGLs (natural gas liquids) pipeline
The narrative of a second-half 2019 recovery for the global economy is starting to gain wider-spreading credibility as optimism grows about closure to a U.S.-China trade deal and avoiding a hard-Brexit, asserts Bryan Perry, editor of Cash Machine.
Five MLPs with Strong Total Return Potential(Continued from Prior Part)Moving averages Currently, the Alerian MLP ETF (AMLP) is trading at $10.02—on par with its 200-day moving average level. AMLP is marginally above its 50-day moving average
Five MLPs with Strong Total Return Potential(Continued from Prior Part)EQM Midstream Partners So far, EQM Midstream Partners (EQM) has risen ~6% in 2019. Analysts seem cautious about the stock. Analysts have given EQM Midstream a target price of