-
Jefferies Issues MLP Update With New Franchise Pick
Sunday, July 22, 2018 - 5:00pm | 476Read More...Energy fundamentals in the U.S. improved throughout the second quarter as the industry as a whole set new records for daily field production, domestic demand and exports, Jefferies said in an industrywide report. The Analyst Jefferies' Christopher Sighinolfi last week made the...
-
Jefferies Downgrades ONEOK On Valuation, But Says It's A Favorite US Midstream Pick
Wednesday, July 18, 2018 - 2:38pm | 586Read More...Given the fundamental improvements in energy stocks in the second quarter, Jefferies has made ratings changes to master limited partnerships in its coverage universe based on updated models and recent stock price moves. The Analyst Analyst Christopher Sighinolfi downgraded shares of both ONEOK,...
-
ONEOK's High-Return Expansion Projects Prompt Jefferies To Add To 'Franchise Picks'
Tuesday, March 20, 2018 - 3:36pm | 368Read More...ONEOK, Inc. (NYSE: OKE), a mid-stream service provider, has solidified its competitive position by advancing high-return expansions of its dominant Midcon natural gas liquids system, an analyst at Jefferies said. The Analyst Jefferies analyst Christopher Sighinolfi upgraded ONEOK from Hold to Buy...
-
Jefferies Upgrades Sunoco Following Multi-Billion Deal With 7-Eleven
Monday, April 10, 2017 - 10:31am | 393Read More...Christopher Sighinolfi of Jefferies upgraded shares of Sunoco LP (NYSE: SUN) from Underperform to Hold with a price target boosted from $20 to $29 after the retail seller of motor fuels and merchandise struck a deal to sell over 1,000 gas stations and convenience stores to the parent company of 7-...
-
Jefferies Downgrades EnLink, Yet Raises Price Target
Wednesday, June 8, 2016 - 8:54am | 234Read More...Jefferies has downgraded EnLink Midstream Partners LP (NYSE: ENLK) and EnLink Midstream LLC (NYSE: ENLC) to Hold from Buy on valuation. But, the brokerage raised the price target of both stocks. Shares of EnLink Midstream Partners LP are up about 100 percent since February lows, while shares of...
-
Jefferies Cuts DCP Midstream To Hold, Doesn't See Dividend Being Covered Through Year
Wednesday, June 8, 2016 - 8:48am | 233Read More...DCP Midstream Partners, LP (NYSE: DPM) shares have appreciated 53 percent year-to-date, rising 140 percent from their February lows. Jefferies’ Christopher Sighinolfi downgraded the rating on the company from Buy to Hold, while raising the price target from $32 to $35. 1Q Performance DCP...
-
Sell Sunoco And Expect Dividend Cut, Says Jefferies
Wednesday, June 8, 2016 - 8:22am | 317Read More...“To remain in compliance with credit covenants & restore its financial health,” Jefferies’ Christopher Sighinolfi expects Sunoco LP (NYSE: SUN) to implement a dividend cut by the year end. Sighinolfi downgraded the rating on the company from Hold to Underperform, while...
-
Jefferies Downgrades Sunoco LP To Underperform
Wednesday, June 8, 2016 - 8:17am | 333Read More...Jefferies has downgraded Sunoco LP (NYSE: SUN) to Underperform from Hold, citing further deterioration in fundamentals, and sees escalating leverage may prompt a cut in distribution rates. "To remain in compliance with credit covenants & restore its financial health, we project a distribution...
-
Targa Resources Up 65% YTD, Jefferies Downgrades On Valuation
Wednesday, June 8, 2016 - 7:50am | 214Read More...Targa Resources Corp (NYSE: TRGP) reported a 1Q beat, sending its shares surging. Jefferies’ Christopher Sighinolfi downgraded the rating for the company from Buy to Hold, citing valuation and potential for margin pressure. The price target has been raised from $34 to $45. Targa Resources...
-
MLPs Are Getting Killed On Kinder Morgan Fears
Monday, December 7, 2015 - 3:40pm | 511Read More...A new note by Jefferies suggests that Kinder Morgan Inc (NYSE: KMI) should reduce its dividend to $0.01/quarter through 2017. The note has prompted a widespread sell-off in the MLP space. Credit Suisse believes that the possibility of a Kinder Morgan dividend cut means high-leverage MLPs...
-
Here Are Two Ways To Play MLPs In A Challenging Environment
Thursday, August 20, 2015 - 1:49pm | 399Read More...In the wake of Wednesday's oil sell off, analysts at UBS and Jefferies reexamined MLPs. As Jefferies argued, the market is concerned that these firms will be able to cover their dividend at a time when crude and natural gas prices are depressed. That has many MLPs down at least 30 percent –...
-
Williams Companies Jumps 25% Amid Takeover Bid; Jefferies Says Strategic Review Is Key
Monday, June 22, 2015 - 10:32am | 309Read More...Williams Companies Inc (NYSE: WMB) jumped 25 percent on Monday after the energy infrastructure company rejected a $64-a-share bid and said reviewing strategic alternatives. Jefferies' Christopher Sighinolfi said disclosing the bid was a "defensive move" by Williams and said he...
-
MLP Selloff Could Be An Opportunity, Jefferies Analyst Says
Wednesday, June 17, 2015 - 1:58pm | 334Read More...According to a new report by Jefferies analyst Christopher Sighinolfi, master limited partnership (MLP) investors shouldn’t be fretting over the recent slump in prices. In the report, Sighinolfi discusses Jefferies' latest commodity price projections and names the firm's top MLP...
-
Jefferies: Not All MPLs In 'Stock Pickers' Bone Yard'
Friday, January 9, 2015 - 2:41pm | 265Read More...Despite pressure on master limited partnerships in the energy sector, an analyst is unready to relegate the group to the "stock pickers' bone yard." "There are some compelling opportunities," Jefferies' Christopher Sighinolfi said Friday. Direct exposure in the...
-
UPDATE: Jefferies Reiterates On NiSource Inc. Ahead Of Investor Day
Monday, September 22, 2014 - 8:14am | 114Read More...In a report published Monday, Jefferies analyst Christopher Sighinolfi reiterated a Hold rating on NiSource Inc. (NYSE: NI), and raised the price target from $37.00 to $40.00. In the report, Jefferies noted, “On Sept. 29th, NI will hold an Investor Day in NYC to review business operations &...
