Distribution yield of 12.50%, with 1.2x coverage over the past four quarters. Stifel just upgraded it from hold to buy, with a much higher price target that jumped by 38%. It's selling at a 22% discount to book value. Management greatly expanded the company's crude oil throughput, starting in Q3 '15. The company has grown and diversified from having a much more balanced customer base, vs. 2008 when 99% of its base were marketers.
We've been hanging in there with our holding of Arc Logistics Partners LP (ARCX), a midstream firm, we've covered in several past articles. Although ARCX has beaten its benchmark, the Alerian MLP ETF (AMLP), that's not much consolation, as it has consistently trailed the market. ARCX offers storage alternatives to handle a wide array of products, including gasoline, distillates, aviation gas, asphalt, fuel oil, crude oil, ethanol, bio-diesel, methanol and crude tall oil, with many of its facilities managing multiple products and offering additional capacity to support changing customer priorities.
Source: Seeking Alpha
Related Articles:
- Dividend Stocks vs. Dividend ETFs
- Managing Risk With Dividend Stocks
- If Only I Had Known About These Dividend Stocks...
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 4 Communications Services Stocks With Increasing Dividends
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Not all utility stocks are cut from the same cloth. There have been some dividend blow-ups in the sector, as a few have become over-leverage...
-
Two conservative industry bellwethers with giant yields and strong businesses -- there's a lot to love here. Dividends are only as good ...
-
In today’s market, high-yield stocks are usually not the safest bets. I mean, if a company is solid and offers a yield much higher than its ...
-
This REIT continues to make a strong value proposition for investors that value income stability in a volatile market. It convinces in terms...
-
You have good reason to be nervous. Anyone who had just seen their retirement account take a big haircut would lose sleep. The question is, ...
-
Studies have shown that there is no single best season or month to trade stocks -- take that, January Effect! That said, there are some soli...
-
On the surface, AT&T (NYSE: T) may look like a compelling investment. It is one of the largest telecommunications companies in the world...
-
Most dividend stocks pay on a quarterly or even semi-annual basis. And while that may not seem like a problem, for many retirees used to a m...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
Buying and holding high-quality, high-yield dividend stocks is a great way for investors to predictably generate market-beating returns over...
0 comments
Post a Comment
Post a Comment