|Bid||23.53 x 900|
|Ask||23.57 x 900|
|Day's Range||23.48 - 24.11|
|52 Week Range||17.61 - 25.66|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||19.09|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.25|
Although Houston was host to the largest oil and gas merger of the year, deals across the space were down in 2019 by total value, volume and average size. Of the seven deals in 2019 valued over $5 billion — so-called megadeals — four of them involved Houston companies, according to a report published by PricewaterhouseCoopers International Ltd. on Jan. 23. The largest of the deals was Houston-based Occidental Petroleum Corp.’s (NYSE: OXY) acquisition of The Woodlands-based Anadarko Petroleum Corp. for $64.2 billion, a higher value than all six other megadeals combined, according to the report.
This year certainly started with a bang -- or to be more precise, a boom. And that boom sent energy prices crazy.Of course, things have already started to calm down. Oil prices are now again in the upper-$50 range, after hitting $70 a barrel briefly on the day after the U.S. took out the No. 2 guy in Iran.Those prices certainly helped energy-dependent economies like Saudi Arabia and Russia. But it hasn't lasted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd the one thing that's different this time around is that the U.S. is now a leading energy producer. This means U.S. operations can moderate whatever happens in OPEC crude. * 7 Inflation-Beating REITs to Ground Your Income Portfolio As for how to invest … at Growth Investor, we identify the right buys using my stock-picking system, Portfolio Grader. And the four energy stocks below are top-rated Portfolio Grader U.S. energy picks that will be able to help energize your portfolio for years to come. These are all smaller plays that will benefit most from growing domestic energy demand. Energy Stocks to Buy: PrimeEnergy Resources (PNRG)Source: Kodda / Shutterstock.com PrimeEnergy Resources (NASDAQ:PNRG) is just shy of a $300 million market capitalization. It's an exploration and production firm (E&P) with wells and properties in Texas, Oklahoma and West Virginia.It looks for oil and natural gas. And 15 years ago, it got a nice $70 million boost from General Electric (NYSE:GE) to help fund a natural gas production partnership. That shows it's a respected E&P by big firms.And PNRG has been around since 1973, so it has accessed some prime real estate before other companies knew what was coming.Also, it's able to convert traditionally drilled wells to unconventional drilling, which means PNRG can also tap back into formerly productive properties without having to go look for new sites. Speaking of property, it has real estate in the Permian Basin as well as the Marcellus Shale, two of the top energy patches in the U.S.The stock is up 85% in the past 12 months, yet its trailing price-to-earnings ratio remains near 32. It's popular, but it's not overvalued yet. Hess Midstream (HESM)Source: rafapress / Shutterstock.com Hess Midstream (NYSE:HESM) is a limited partnership that was spun off of parent and integrated oil company Hess (NYSE:HES).This has been a popular way for larger oil companies to segment operations around the upstream, midstream and downstream aspects of their business. HESM is a midstream operation (think pipelines) that operates in North Dakota's Bakken Shale.Recently, it bought its sister firm Hess Infrastructure Partners for about $6.2 billion, locking down most of the pipeline operations in the Bakken.Midstream players are great plays now because they don't live or die by the price of oil. They make their money on demand, on the volume that flows through their pipes. And in an expanding economy, demand grows, so pipelines stay busy. In fact, pipelines are the primary way we're playing the U.S. oil production boom here at Growth Investor. * 8 of the Strangest Stocks Worth Your Time This particular stock is up 26% in the past year, and it also delivers a 6.4% dividend, so if you invest here, do it for at least few years to take advantage of that juicy dividend. Dorchester Minerals (DMLP)Source: Shutterstock Dorchester Minerals (NASDAQ:DMLP) is yet another interesting energy company that's set up as a limited partnership. That means, for tax purposes, you're treated like an owner and receive net income from the company, distributed in the form of dividends. This structure is similar to that of a real estate investment trust.In DMLP's case, it doesn't do anything but own land that it leases out to energy companies. In return it gets royalties for the land and usually a percentage of whatever they dig up.This is a great place to be, since there's no equipment issues, little overhead and in good times, the value of the land increases, along with royalty payments.What's more, while the stock isn't structured for pure growth, it is up nearly 25% in the past year, yet still has a trailing P/E of 12. Its dividend currently sits at 10.4%. And that's after a strong year for the stock.As long as oil prices stay healthy, you can expect that kind of solid performance. NuStar Energy (NS)Source: Shutterstock NuStar Energy (NYSE:NS) is the biggest of the featured companies, with a market cap just over $3 billion. That's hardly a monster in this sector, but it has operations around the country, focusing on pipelines, storage facilities and terminals.Currently, it has nearly 10,000 miles of pipelines and 74 terminal and storage operations in the U.S., Canada and Mexico. About 2,000 miles of its pipelines are for anhydrous ammonia -- water-free ammonia that's used in fertilizer, cleaning products and drug manufacturing.An expanding economy is good for midstream firms like NS. As demand for goods rises, production rises, and distribution and production of those goods require energy inputs like oil and natural gas.And as the U.S. allows more energy exports, that's even better news for NuStar, since it already has terminals and storage facilities at or near many key ports.The stock is up 12% in the past year and delivers a 8.8% dividend. It's a solid stock for the long haul, especially if you like a big income stream. And I've got more where that came from.At Growth Investor, we don't just invest in sectors, even ones as promising as oil; we invest in trends.And one trend that's just heating up is artificial intelligence (AI).If AI sounds futuristic -- you're already using it every day! If you've ever used Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Assistant or Apple's (NASDAQ:AAPL) Siri … if you've had Netflix (NASDAQ:NFLX) recommend a movie or Zillow (NASDAQ:Z) recommend a house … even an email spam filter … then you've used artificial intelligence.In this new world of AI everywhere, data becomes a hot commodity. 'Data Is the New Oil'As scientists find even more applications for artificial intelligence -- from hospitals to retail to self-driving cars -- it's incredible to imagine how much data will be involved.To create AI programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every AI system. As one AI researcher from the University of South Florida puts it, "data is the new oil."So, as investors, if we want to buy the right stocks to ride the AI trend, all we have to do is look back at the oil boom of the 2000s.Back in 2003, if investors believed that crude oil was set for a big price rise, they had a handful of different vehicles to choose from. They could buy speculative futures contracts … they could buy a small oil company exploring for oil in some remote jungle … or they could have bought shares in Core Laboratories (NYSE:CLB).Core did no drilling or exploration of its own. It provided technology to the companies who did. As oil prices climbed from $30 per barrel in 2003 to $100 per barrel in 2008, Core's customers had more money to spend on exploration. Core's revenues surged … and CLB stock went from $5 per share to $60 per share … a gain in market value of 1,100%.Now, picture an industry like Big Oil as a huge skyscraper with lots of offices. By buying stock in an individual oil company, it's like having a key to one of those offices. By buying Core Laboratories, it's like having a "Master Key" to all of them. The AI 'Master Key'Core Laboratories was the Master Key to the 2000s oil boom. And here, the Master Key is the company that makes the "brain" that all AI software needs to function, spot patterns and interpret data.It's known as the "Volta Chip" -- and it's what makes the AI revolution possible.You don't need to be an AI expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is still under my buy limit price -- so you'll want to sign up now. That way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Inflation-Beating REITs to Ground Your Income Portfolio * 7 Healthcare Stocks to Buy or Sell As Pricing Pressures Mount * 7 Earnings Reports to Watch This Week The post 4 Energy Stocks to Power the New Year appeared first on InvestorPlace.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
Hess Midstream LP (NYSE: HESM) ("Hess Midstream") announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors on January 7, 2020 at the Goldman Sachs Global Energy Conference in Miami, Florida.
Hess Midstream Partners LP Completes Acquisition of Hess Infrastructure Partners LP, IDR Simplification and Conversion to An Up-C Corporate Structure
Hess Midstream Partners LP announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Director of Investor Relations, will meet with investors on December 11, 2019 at the Wells Fargo Midstream and Utility Symposium in New York.
Hess Midstream Partners LP Announces Further Extension of its Exchange Offer
Hess Midstream Partners LP (“HESM”) today announced that it has upsized and priced $550 million in aggregate principal amount of 5.125% senior notes due 2028 (the “Notes”) at par in a private offering. HESM intends to use the net proceeds from the offering to finance the acquisition of Hess Infrastructure Partners LP (“HIP”), including to repay borrowings under HIP’s credit facilities, partially fund the distribution to HIP’s sponsors, and pay related fees and expenses. The Notes are being sold only to “qualified institutional buyers” in the United States pursuant to Rule 144A and outside the United States to non-U.S. Persons in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Hess Midstream Partners LP (“HESM”) today announced, in connection with its previously announced acquisition of Hess Infrastructure Partners LP (“HIP”), that it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2028 (the “Notes”) in a private offering. HESM intends to use the net proceeds from the offering to finance the acquisition of HIP, including to repay borrowings under HIP’s credit facilities, partially fund the distribution to HIP’s sponsors, and pay related fees and expenses. The Notes are being sold only to “qualified institutional buyers” in the United States pursuant to Rule 144A and outside the United States to non-U.S. Persons in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
Hess Midstream Partners LP (HESM) (“HESM”) today announced that it has elected to extend the expiration date for HESM’s previously announced offer to exchange (the “Exchange Offer”) any and all validly tendered and accepted 5.625% Senior Notes due 2026 (the “Existing HIP Notes”) issued by Hess Infrastructure Partners LP and Hess Infrastructure Partners Finance Corporation (together with Hess Infrastructure Partners LP, “HIP”) for new senior notes to be issued by HESM (the “Exchange Notes”), upon the terms and subject to the conditions set forth in HESM’s offering memorandum and consent solicitation statement, dated as of October 4, 2019 (the “Offering Memorandum and Consent Solicitation Statement”).
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Hess Midstream Partners LP (HESM) (“Hess Midstream” or the “Partnership”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4112 per common unit for the quarter ended September 30, 2019. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Hess Midstream Partners LP is a fee-based, growth-oriented, traditional master limited partnership that was formed to own, operate, develop and acquire a diverse set of midstream assets to provide services to Hess and third-party customers.
Hess Midstream Partners LP today announced that, as of 5:00 p.m. on October 18, 2019 , $794.598 million aggregate principal amount of 5.625% Senior Notes due 2026 issued by Hess Infrastructure Partners LP and Hess Infrastructure Partners Finance Corporation , representing 99.32% of the aggregate principal amount of Existing HIP Notes outstanding, have been validly tendered and not validly withdrawn ...
Hess Midstream Partners LP announced today that it will hold a conference call on Wednesday, October 30, 2019 at 12:00 p.m. Eastern Time to discuss its third quarter 2019 earnings release.
Hess (HES) intends to use the cash proceeds from Hess Midstream's structural simplification to fund Guyana and Bakken Shale development opportunities.
Hess Midstream Partners is acquiring a related entity in a $6.2 billion deal and moving away from the MLP structure.
Moody's Investors Service ("Moody's") assigned a Ba2 Corporate Family Rating (CFR) to Hess Midstream Operations LP (HESM Opco), a Ba2-PD Probability of Default Rating (PDR), and Baa3 ratings to its new secured revolving credit facility and proposed $400 million Term Loan A. Moody's also assigned Ba3 ratings to HESM Opco's 5.625% unsecured notes into which the existing Hess Infrastructure Partners LP (HIP, Ba2 stable) unsecured notes will be exchanged, and to HESM Opco's proposed $500 million new unsecured notes issue. The outlook is positive.
Hess Midstream Partners LP (HESM) (“HESM”) today announced that it has commenced an offer to exchange (the “Exchange Offer”) any and all validly tendered and accepted senior notes listed below issued by Hess Infrastructure Partners LP and Hess Infrastructure Partners Finance Corporation (collectively, “HIP”) for new senior notes to be issued by HESM (the “Exchange Notes”) and cash, as described in the table below.