| Markwest Energy Upgraded At Barclays On 'Attractive' Risk/Reward | |
| | |
|
In a report published Monday, Barclays analyst Heejung (Helen) Ryoo upgraded the rating on Markwest Energy Partners LP (NYSE: MWE) from Equal-Weight to Overweight, while maintaining the $75 price target, based on the stock valuation and attractive risk/reward profile.
"We believe MWE's current valuation does not give any credit for the company's accelerating distribution growth profile and its franchise position in Marcellus/Utica, where we see highly visible production growth," Ryoo stated.
Given the expectations of wet gas production growth from Markwest Energy's six major Northeast-based producer partners, the analyst believes that the company would be able to achieve its 10 percent growth guidance for 2017.
According to the Barclays report, "With MWE underperforming Marcellus/Utica MLPs as well as the AMZ index we see a compelling investment case. While weak NGL prices and a potential change in the competitive landscape in the Northeast appear to weigh on the stock, we see limited downside from commodity prices."
The analyst believes that Markwest Energy is among the best positioned MLPs to benefit from industry consolidation, which is expected to pick up, given the industry dynamics in recent times.
Latest Ratings for MWE
Date | Firm | Action | From | To |
---|
Jul 2015 | Barclays | Upgrades | Equal-weight | Overweight | Jun 2015 | Evercore Partners | Initiates Coverage on | | Hold | Jun 2015 | Jefferies | Upgrades | Hold | Buy |
View More Analyst Ratings for MWE
View the Latest Analyst Ratings
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|
|
MarkWest Energy Partners LP
|
|
|
CODE : MWE |
ISIN : US5707591005 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MarkWest Energy est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique. MarkWest Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,1 milliards US$ (9,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 01 mai 2009 à 10,05 US$, et son plus haut niveau récent le 25 septembre 2015 à 48,00 US$. MarkWest Energy possède 231 560 000 actions en circulation. |