BP Midstream Partners LP (BPMP)
|Net Income (ttm)||175.25M|
|Trading Day||January 15|
|Day's Range||12.59 - 13.05|
|52-Week Range||6.26 - 14.98|
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Oil and Gas Pipeline MLP's Outlook Promising Despite Coronavirus
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This subsector of the oil market will likely see another flood of dividend reductions this month.
After days of wrangling, major global oil producers agreed on their biggest-ever output cut since the coronavirus pandemic has hammered demand for oil and led to oversupply issues.
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Oil & Gas Pipeline MLP Industry Outlook Upbeat on Key Projects
These three stocks have grown their high-yielding income streams at a healthy rate for the past few years.
Tullow Oil's (TUWOY) Joe-1 oil discovery follows its massive and significant oil discovery in August at its Jethro-1 exploration well in Guyana.
On Sep 12, the OPEC and its allies will meet in Abu Dhabi to take a decision on oil production level.
Saudi Arabia's new oil minister and declining U.S. crude production seem to be the primary drivers of the rally in oil prices.
BP Midstream Partners' (BPMP) Management on Q1 2019 Results - Earnings Call Transcript
The oil giant’s high-yielding payout pales in comparison with its midstream arm.
BP Midstream Partners LP owns, acquires, develops, and operates pipelines and other midstream assets in the United States. It owns onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore natural gas pipeline system, as well as interests in five offshore crude oil pipeline systems. BP Midstream Partners GP LLC serves as a general partner of BP Midstream Partners LP. The company was founded in 2017 and is based in Houston, Texas.
Oil & Gas Midstream
|IPO Date |
Oct 26, 2017
Robert P. Zinsmeister
|Stock Exchange |
|Ticker Symbol |
In 2019, BPMP's revenue was $128.47 million, an increase of 10.33% compared to the previous year's $116.44 million. Earnings were $167.88 million, an increase of 26.17%.
According to 7 analysts, the average rating for BPMP stock is "Buy." The 12-month stock price forecast is 13.21, which is an increase of 2.01% from the latest price.