Which MLPs fell the most last week?
Downstream MLP Calumet Specialty Products Partners (CLMT) fell 6.5% last week, which ended September 14. Noble Midstream Partners (NBLX) fell 3.7% last week and has fallen 21% so far in 2018. Western Gas Partners (WES) and its general partner Western Gas Equity Partners (WGP) fell 3.6% and 3.7%, respectively, last week.
WES and WGP have fallen 2% and 14%, respectively, so far in 2018. Shell Midstream Partners (SHLX) fell 3.5% last week. The stock has fallen 28% so far in 2018. The above graph shows the MLPs and midstream companies that lost the most last week.
Other MLPs that fell
Other MLPs that lost last week include EnLink Midstream Partners (ENLK), DCP Midstream Partners (DCP), Tallgrass Energy (TGE), NGL Energy Partners (NGL), and Williams Companies (WMB). They fell 3%, 2.7%, 2.5%, 1.7%, and 1.7%, respectively.
Williams Companies fell below its 200-day moving average last week and is currently trading 1.2% below that average.
Next, let’s take a look at the top MLP and midstream gainers last week.
On September 14, Morgan Stanley raised its price target for Plains All American Pipeline (PAA) from $27 to $28.
After being listed on the NASDAQ (QQQ) on March 29, Lyft (LYFT) stock has traded on a negative note so far.
Coca-Cola (KO) impressed investors with better-than-expected revenue and earnings for the first quarter.
Microsoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount.
Spirit Airlines is scheduled to report its first-quarter results on April 25. The airline has an impressive record of beating earnings estimates.
On April 23 before the market opened, legacy motorcycle maker Harley-Davidson (HOG) reported its first-quarter earnings results.
Williams Companies (WMB) is scheduled to release its first-quarter earnings on May 1 after the market closes.