Zacks Investment Research raised Cone Midstream Partners from a sell rating to a hold rating in a research report on Tuesday, May 9th. They now have $18.00 price objective on the pipeline company's stock. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers. It operates through two business segments: Gathering and Processing, and Transportation and Storage. It provides fee-based natural gas gathering and compression services in two unconventional resource basins: the Piceance Basin and the Fort Worth Basin.
According to Zacks, "Summit Midstream Partners, LP is focused on owning and operating midstream energy infrastructure that are located in unconventional resource basins".
The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th.
In other Magellan Midstream Partners L.P. news, insider Douglas J. May sold 8,000 shares of the company's stock in a transaction on Wednesday, May 24th. TheStreet upgraded shares of Enable Midstream Partners, from a c rating to a b- rating in a research report on Monday, June 5th. ValuEngine lowered Cone Midstream Partners from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. Stifel Nicolaus reissued a "hold" rating and issued a $77.00 price target on shares of Magellan Midstream Partners L.P.in a report on Thursday, August 3rd. Mizuho cut shares of Noble Midstream Partners from a "buy" rating to a "neutral" rating and set a $51.00 price objective for the company.in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Summit Midstream Partners, now has an average rating of "Hold" and an average price target of $26.17.
Shares of Summit Midstream Partners, (NYSE SMLP) opened at 20.95 on Friday.
Shell Midstream Partners, L.P. has a 52-week low of $25.42 and a 52-week high of $34.17. The stock has a market capitalization of $15.33 billion, a PE ratio of 18.22 and a beta of 0.80. The company has a 50-day moving average price of $45.00 and a 200-day moving average price of $47.09.
EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, July 27th.
Magellan Midstream Partners L.P. had a return on equity of 41.81% and a net margin of 34.63%. The business had revenue of $626 million during the quarter, compared to the consensus estimate of $644.27 million. EQT Midstream Partners's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts forecast that Shell Midstream Partners, L.P. will post $1.41 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: "Enable Midstream Partners, LP (NYSE:ENBL) Rating Increased to Buy at Zacks Investment Research" was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was copied illegally and reposted in violation of global trademark and copyright law. Shareholders of record on Monday, August 7th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Friday, August 18th. EQT Midstream Partners's dividend payout ratio (DPR) is now 72.34%. Shell Midstream Partners, L.P. The shares were sold at an average price of $16.13, for a total transaction of $364,134.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 157,258 shares of company stock valued at $2,549,596.
Several institutional investors have recently modified their holdings of SMLP. Catalyst Capital Advisors LLC now owns 1,568 shares of the pipeline company's stock valued at $121,000 after buying an additional 300 shares during the last quarter. Global X Management Co. Summit Midstream Partners, 's dividend payout ratio (DPR) is 958.37%. NEXT Financial Group Inc now owns 1,807 shares of the pipeline company's stock valued at $129,000 after buying an additional 126 shares during the last quarter. Acropolis Investment Management LLC purchased a new position in shares of Magellan Midstream Partners L.P. during the first quarter worth $118,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of EQT Midstream Partners during the first quarter valued at about $392,000. Catalyst Capital Advisors LLC raised its position in Magellan Midstream Partners L.P.by 23.7% in the first quarter.
ILLEGAL ACTIVITY NOTICE: "Gilman Hill Asset Management LLC Raises Stake in Magellan Midstream Partners L.P. (MMP)" was first published by StockNewsTimes and is owned by of StockNewsTimes. The Company's segments include Gathering and Transmission.