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ALTM

Altus Midstream

$8.73

-0.44 (-4.80%)

, KMI

Kinder Morgan

$15.53

-0.31 (-1.96%)

07:42
12/19/18
12/19
07:42
12/19/18
07:42

Altus Midstream Company acquires 15% of Gulf Coast Express Pipeline

Altus Midstream Company (ALTM) announced its subsidiary, Altus Midstream, has exercised and closed its option with Kinder Morgan Texas Pipeline to acquire a 15% equity interest in the Gulf Coast Express Pipeline Project, or GCX. The approximately $1.75B project is designed to transport up to 1.98B cubic feet, or BCF, of natural gas per day from the Waha Hub and other points in the Permian Basin to the Agua Dulce Hub near the Texas Gulf Coast. GCX is under construction and expected to enter service in October 2019 pending regulatory approvals. Kinder Morgan (KMI) now owns a 35% equity interest in the project after the closing of the Altus Midstream option. Kinder Morgan is also constructing and operating the pipeline. Subsidiaries and/or affiliates of DCP Midstream (DCP) and Targa Resources (TRGP) each hold a 25% equity interest in GCX.

ALTM

Altus Midstream

$8.73

-0.44 (-4.80%)

KMI

Kinder Morgan

$15.53

-0.31 (-1.96%)

DCP

DCP Midstream

$30.01

-1.65 (-5.21%)

TRGP

Targa Resources

$39.06

-1.79 (-4.38%)

  • 10

    Feb

ALTM Altus Midstream
$8.73

-0.44 (-4.80%)

12/07/18
LEHM
12/07/18
INITIATION
Target $10
LEHM
Overweight
Altus Midstream Company initiated with an Overweight at Barclays
Barclays analyst Christopher Tillett started Altus Midstream Company with an Overweight rating and $10 price target. Altus is a Permian pure-play midstream company with a multi-commodity service offering operating in the Alpine High play of West Texas, Tillett tells investors in a research note. He believes Altus is well positioned to benefit from record high Permian production.
KMI Kinder Morgan
$15.53

-0.31 (-1.96%)

12/18/18
MSCO
12/18/18
NO CHANGE
MSCO
Morgan Stanley upgrades Midstream sector view to Attractive
Morgan Stanley analyst Tom Abrams upgraded his view on the Midstream Energy MLPs and Diversified Natural Gas sector to Attractive, stating that he expects a year of better midstream performance given an attractive fundamental outlook for production volumes as projects move into service. He also sees the industry's "quality" as improving, with simpler structures, improved governance and better and improving balance sheets, Abrams tells investors. With all else equal, he prefers names such as Energy Transfer (ET) and Williams (WMB), which he says have less structural overhang, attractive fee-based growth and improving balance sheets. Abrams also identifies Kinder Morgan (KMI) and Plains All American (PAA) as stocks in the sector that have catalysts expected in 2019.
11/28/18
MZHO
11/28/18
INITIATION
Target $22
MZHO
Buy
Kinder Morgan initiated with a Buy at Mizuho
Mizuho analyst Gabriel Moreen initiated Kinder Morgan with a Buy rating and a price target of $22 as part of his broader launch of coverage of select MLP/Midstream stocks. The analyst states that this "hegemonic natural gas transporter" is benefiting from growing natural gas production that is "seeking international markets", along with higher domestic consumption amid rising coal-to-gas power generation conversions. Moreen believes that Kinder Morgan can "sustain a moderate growth rate" even after the exit from Trans Mountain expansion.
11/28/18
MZHO
11/28/18
INITIATION
Target $22
MZHO
Buy
Kinder Morgan initiated with a Buy at Mizuho
Mizuho analyst Gabriel Moreen initiated Kinder Morgan a Buy and $22 price target.
11/26/18
WOLF
11/26/18
DOWNGRADE
WOLF
Underperform
Kinder Morgan downgraded to Underperform from Peer Perform at Wolfe Research
DCP DCP Midstream
$30.01

-1.65 (-5.21%)

09/24/18
WELS
09/24/18
NO CHANGE
Target $45
WELS
Market Perform
Western Gas Partners price target lowered to $45 from $51 at Wells Fargo
Wells Fargo analyst Michael Blum lowered his price target for Western Gas Partners (WES) to $45 from $51, while reiterating a Market Perform rating on the shares. The analyst notes that Colorado will vote on Proposition 112 and if it passes, oil and gas development in the state could be materially impacted. Within his coverage universe, he estimates that Western Gas Partners, Noble Midstream (NBLX), NGL Energy Partners (NGL), Summit Midstream (SMLP), DCP Midstream (DCP) and SemGroup (SEMG) have the highest exposure to Colorado.
10/10/18
FBCO
10/10/18
INITIATION
Target $57
FBCO
Outperform
DCP Midstream initiated with an Outperform at Credit Suisse
Credit Suisse analyst Spiro Dounis initiated DCP Midstream with an Outperform rating and a price target of $57.
10/10/18
FBCO
10/10/18
INITIATION
FBCO
Outperform
Credit Suisse bullish on select Oil Midstream stocks on valuation and output
As reported earlier, Credit Suisse analyst Spiro Dounis initiated coverage of 39 midstream oil market stocks, calling DCP Midstream (DCP), Cheniere Energy (LNG), Kinder Morgan (KMI), and MPLX (MPLX) his "top picks". The analyst that his generally "constructive view" is based on expectations of domestic oil and gas production remaining strong as well as his assessment of midstream stocks being "undervalued on several metrics". Dounis adds that he is especially positive on the stocks with leverage to the export market, anticipating "vast majority of marginal production" to clear through the exports. For DCP Midstream, the analyst is positive on the growth project backlog in the DJ and Permian Basin, while for Cheniere Energy, he expects the company's EBITDA and free cash flow generation to ramp up. For Kinder Morgan, Dounis sees a "compelling" capital return story trading at a discount thanks to the company's $6B project backlog expected to drive a 25% distribution growth with an eye on exports.
11/20/18
FBCO
11/20/18
NO CHANGE
Target $50
FBCO
Outperform
DCP Midstream price target lowered to $50 from $57 at Credit Suisse
Credit Suisse analyst Spiro Dounis lowered his price target for DCP Midstream to $50 from $57 to reflect what he believes to be a permanent downward re-rating on DJ exposed companies. While Colorado's Prop 112 was defeated this year, investors now appear to be ascribing a higher risk to DJ exposed names where the setback issue could be a recurring event every two years, notwithstanding a permanent solution, he contends. The analyst reiterates an Outperform rating on the shares.
TRGP Targa Resources
$39.06

-1.79 (-4.38%)

10/25/18
BOFA
10/25/18
UPGRADE
Target $64
BOFA
Buy
Targa Resources upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Targa Resources to Buy from Neutral and raised its price target to $47 from $49. Analyst Dennis Coleman expects Q3 earnings scheduled for November 8 have risk to the upside driven by continued 1H 2018 momentum and higher than expected G&P volumes. Coleman said Targa continues to execute on growth projects and risk/reward is "heavily" skewed to the upside.
11/19/18
USCA
11/19/18
UPGRADE
USCA
Overweight
Targa Resources upgraded to Overweight from Hold at US Capital Advisors
11/28/18
MZHO
11/28/18
INITIATION
Target $56
MZHO
Neutral
Targa Resources initiated with a Neutral at Mizuho
Mizuho analyst Gabriel Moreen initiated Targa Resources a Neutral rating and $56 price target.
11/29/18
SBSH
11/29/18
DOWNGRADE
Target $45
SBSH
Neutral
Targa Resources downgraded to Neutral from Buy at Citi
Citi analyst Timm Schneider downgraded Targa Resources to Neutral and lowered his price target for the shares to $45 from $56. The analyst says that while he continues to view the company's assets in a favorable light, his updated sector views based on the importance of return on invested capital drive the downgrade. Targa's "lackluster" returns on capital negate strong growth given the high investment ratio, Schneider tells investors in a research note.

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GLD

SPDR Gold Shares

$140.39

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ACB

Aurora Cannabis

$3.60

-0.15 (-4.00%)

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TEVA

Teva

$6.94

-0.02 (-0.29%)

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CAAP

Corporacion America Airport

$4.39

-0.09 (-2.01%)

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GM

General Motors

$36.65

0.38 (1.05%)

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Periodicals
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  • 29

    Oct

LLNW

Limelight Networks

$3.10

-0.08 (-2.52%)

, NFLX

Netflix

$286.83

2.59 (0.91%)

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Limelight Networks

$3.10

-0.08 (-2.52%)

NFLX

Netflix

$286.83

2.59 (0.91%)

TCBI

Texas Capital

$54.33

-0.15 (-0.28%)

CSX

CSX

$68.99

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AA

Alcoa

$19.17

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CCI

Crown Castle

$134.76

0.11 (0.08%)

RGLS

Regulus

$0.72

0.0501 (7.54%)

IBM

IBM

$142.04

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URI

United Rentals

$121.73

1.02 (0.85%)

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NFLX

Netflix

$286.83

2.59 (0.91%)

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  • 16

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BRBR

BellRing Brands

$0.00

(0.00%)

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  • 17

    Oct

GSBC

Great Southern Bancorp

$57.28

-0.03 (-0.05%)

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  • 17

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CRM

Salesforce

$146.96

-5.89 (-3.85%)

, FB

Facebook

$189.62

0.81 (0.43%)

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FB

Facebook

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NFLX

Netflix

$286.83

2.59 (0.91%)

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MESO

Mesoblast

$6.04

-0.03 (-0.49%)

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Lonza

$0.00

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NFLX

Netflix

$286.83

2.59 (0.91%)

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STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

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  • 17

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NFLX

Netflix

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2.59 (0.91%)

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DLPN

Dolphin Entertainment

$0.79

(0.00%)

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STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

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  • 17

    Oct

STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

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  • 17

    Oct

ISTR

Investar Holding

$23.98

0.08 (0.33%)

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  • 13

    Nov

CSX

CSX

$68.99

-0.18 (-0.26%)

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  • 16

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EGO

Eldorado Gold

$7.40

0.175 (2.42%)

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  • 01

    Nov

BHP

BHP Group

$48.17

-0.51 (-1.05%)

17:38
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  • 18

    Feb

PEGI

Pattern Energy

$26.14

-0.26 (-0.98%)

17:37
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Downgrade
Pattern Energy rating change at Goldman Sachs »

Pattern Energy downgraded…

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  • 04

    Dec

BHP

BHP Group

$48.17

-0.51 (-1.05%)

17:35
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Hot Stocks
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  • 18

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