|Bid||29.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||29.02 - 29.30|
|52 Week Range||23.10 - 30.05|
|PE Ratio (TTM)||21.40|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.72 (5.88%)|
|1y Target Est||33.50|
The lack of infrastructure to transport and refine oil is causing crude produced in the U.S. to sell for a $10 discount compared to the global benchmark.
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.
Enterprise Products Partners’ (EPD) key metrics have mainly improved in the last three years. The company’s transport, terminal, and fractionation volumes all grew in the last three years. Enterprise Products Partners grew its earnings and distributions and maintained strong coverage. At the same time, crude oil prices have improved from their 2016 lows. These positive developments might be reflected in Enterprise Products Partners’ stock price.
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.
The midstream MLP has delivered incredible growth over the past few years, and it has plenty of fuel left in the tank.
Editor’s note: This column is part of our Best Stocks for 2018 contest. Charles Sizemore’s pick for the contest is Enterprise Products Partners (NYSE:EPD). As I write, my submission in InvestorPlace’s Best Stocks for 2018 contest — blue-chip natural gas and natural gas liquids pipeline operator Enterprise Products Partners (NYSE:EPD) — is up 13%, including dividends, as of today.
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%.
Pitting two of the largest midstream players in North America against each other reveals some interesting facts
Two Houston-based energy companies, Cheniere Energy Inc. (NYSE American: LNG) and Enterprise Products Partners LP (NYSE: EPD), made moves on more than $1 billion in debt each. Midstream giant Enterprise reached a 364-day revolving credit agreement for $2 billion, though that number could increase to as high as $2.
In exchange, he gave up his rights to sue Enterprise Products over a number of issues, along with a confidentiality agreement and year-long non-solicitation agreement for employees and customers, according to the filing.
A look at the shareholders of Enterprise Products Partners LP (NYSE:EPD) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership.Read More...
On September 11, Energy Transfer Equity’s (ETE) implied volatility was 23%, higher than its 15-day average. Implied volatility measures investor nervousness, and a rise in implied volatility is normally associated with a fall in a stock’s price. Energy Transfer Partners (ETP) had implied volatility of 23% recently.
Enterprise Products Partners L.P. announced today that its operating subsidiary, Enterprise Products Operating LLC , has entered into a new 364-day revolving credit facility.
Enterprise Products' (EPD) expansion project to increase loading capacity by 175,000 bpd or about 5 million barrels per month.
Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) are currently trading at yields of ~4.5%, 4.6%, and 5.0%, respectively. Though they’re much lower than MLPs’ yields, the yields of these three companies are much higher than those of other S&P 500 companies.
Enterprise Products Partners L.P. today announced that construction is under way to increase loading capacity for liquefied petroleum gas , primarily propane and butane, at the Enterprise Hydrocarbon Terminal by 175,000 barrels per day , or approximately 5 million barrels per month.
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.
BTA Gas Processing LLC, a subsidiary of Houston-based midstream giant Enterprise Products Partners LP (NYSE: EPD), is considering a $125 million project to build a natural gas processing facility in East Texas. The facility, if built as proposed, would create 10 jobs paying at least $50,000 a year, according to an application Enterprise Products made in pursuit of tax incentives for the project. The Texas comptroller published the application in mid-July.