Kinder Morgan (KMI) receives $764 million in after-tax proceeds, following the sale of 25-million shares of Pembina.
Moody's Investors Service ("Moody's") downgraded Antero Midstream Partners LP's (AM) Corporate Family Rating (CFR) to B2 from Ba3, Probability of Default Rating (PDR) to B2-PD from Ba3-PD and senior unsecured notes to Caa1 from B1. The Speculative Grade Liquidity Rating was unchanged at SGL-3. This action follows the ratings downgrade of AM's primary customer, Antero Resources Corporation (Antero or AR), to B3 on April 2, 2020.
Top Ranked Income Stocks to Buy for January 15th
Trading Thursday seems like a microcosm of this market. U.S. stocks set new all-time highs in the morning. After major indices stumbled midday amid rising fears, investors once again bought the dip. Those indices did close in the red, but maintain a chance to close the week strong.Source: Shutterstock This simply seems like a more volatile market, even if volatility as measured by the CBOE S&P 500 Volatility Index is well within the historical range. And it's definitely been a split market, with tech continuing to rise while sectors like energy and retail struggle. * 7 Failing Tech Stocks to Disconnect From Now Friday's big stock charts look at three names that highlight year-to-date trading. All three stocks have made big moves so far this year. They represent three of the sectors with the most consistent -- if not necessarily positive -- performance. Interestingly, they might all have a path to at least a bounce, and maybe significant upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Twilio (TWLO)Source: Provided by Finviz There's a lot going on in the first of Friday's big stock charts. But from a technical perspective, at least, there's a case that the rally in Twilio (NYSE:TWLO) stock should continue: * The bullish case is that TWLO's 29% YTD rally can push the stock through resistance. The gains have created an ascending triangle pattern. A "golden cross" probably is on the way, with the 50-day moving average crossing the 200-day. TWLO probably needs more volume for that indicator to be taken seriously, but that aside there's still a solid uptrend established going back to early November lows. * The bearish case is that resistance has held around $131 repeatedly going back to last summer. Volatile trading since a mixed earnings report early this month doesn't look all that bullish. While a golden cross looms, TWLO could see a bearish inverted head-and-shoulders pattern as well. Even the uptrend looks more like a narrowing ascending wedge, often a reversal pattern. * Net/net, however, the chart looks bullish, particularly in the context of this market. Investors simply have found reasons to buy growth stocks in tech, despite valuation worries. At more than 15x trailing twelve-month revenue, Twilio has those worries. But the company has assuaged past fears about customer concentration and was one of the best stocks in the first half of 2019. It has a chance to be one of the best names in 2020 as well. VF Corporation (VFC)Source: Provided by Finviz As the second of our big stock charts shows, investors have decided that apparel maker V.F. Corporation (NYSE:VFC) is a buy under $85. The only question is if fundamental worries will change that sentiment: * Support has held repeatedly just below the current price of $84 going back to last spring. More recently, since plunging following a fiscal third quarter earnings miss last month, VFC has established a multiple bottom. The combination suggests a rally is likely at some point, particularly if the market as a whole takes another leg higher. * The one technical concern, however, matches the fundamental worries. Recent trading looks like a flag/pennant formation -- a continuation pattern. Meanwhile, V.F. Corp. has shown disappointing performance of late. Q2 earnings in October led to a sell-off. It's not as if the business is in disarray: full-year earnings per share guidance came down just pennies after the third quarter. But the Timberland brand is struggling, and the company hasn't quite delivered the numbers investors have expected. That combination raises risk ahead of the fourth quarter earnings report, likely due in May, * For now, however, VFC looks intriguing. This still is a company guiding for 16-18% growth in EPS this year -- while trading at a little over 25x updated guidance. That's a combination not available with too many stocks in this market. As long as that holds, VFC stock likely does as well. EQM Midstream Partners (EQM)Source: Provided by Finviz Lower natural gas prices have led shares of EQM Midstream Partners (NYSE:EQM) to plunge. But the third of Friday's big stock charts shows a recent bounce that could continue: * At the very least, we've been here before. EQM stock rallied almost 40% from similar levels in December. A dividend yield now over 20% might bring in investors. And while lower natural gas prices are a long-term risk, they shouldn't directly impact near-term volumes. Unless production plunges or customers go bankrupt, EQM's earnings should be able to at least hold up. With EQT Corporation (NYSE:EQT) the largest customer, customer bankruptcy risk looks manageable. * Click to Enlarge Source: Provided by Finviz One point worth noting: EQM isn't alone. The charts of other natural gas pipeline operators like Antero Midstream (NYSE:AM) and EnLink Midstream (NYSE:ENLC) look rather similar. Those stocks actually have higher yields, at 24% and 22%, respectively. Those other charts, and yields, show that there is some sector-wide logic to the weakness in EQM. * Still, there's a case that at least some investors are mistaking natural gas price weakness for future volume weakness. And there's a case that value buyers might again step in. Price and yield alone don't make a bull case, particularly in this market. Still, EQM and its peers look awfully cheap.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post 3 Big Stock Charts for Friday: Twilio, VF Corp, and EQM Midstream appeared first on InvestorPlace.
Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that Janine J. McArdle has been appointed to its board of directors (the "Board") as a Class I director, effective as of March 26, 2020. Ms. McArdle is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange. Ms. McArdle's appointment increases the size of the Board to nine directors, seven of whom are independent for service on the Board.
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Q4 2019 Antero Midstream Corp Earnings Call
Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.3075 per share for the first quarter of 2020. In addition, Antero Midstream announced plans to issue their first quarter 2020 earnings on Wednesday, April 29, 2020 after the close of trading on the New York Stock Exchange.
Moody's Investors Service ("Moody's") downgraded Antero Resources Corporation's (Antero) Corporate Family Rating (CFR) to B3 from Ba3, Probability of Default Rating (PDR) to B3-PD from Ba3-PD and senior unsecured notes to Caa1 from B1. The Speculative Grade Liquidity Rating was unchanged at SGL-3. "The downgrades reflect a sharp deterioration in Antero's credit profile as the ability to refinance its large maturities and reduce its high debt burden has diminished considerably in a tougher industry and capital market environment," said Sajjad Alam, Moody's Senior Analyst.
Top Ranked Income Stocks to Buy for January 16th
Shares of natural gas producer Antero Resources (NYSE: AR) and its midstream arm Antero Midstream (NYSE: AM) have endured some epic volatility this year. One factor weighing on them is the concern that the plunging prices might cause Antero Resources' banks to slash the borrowing base on its credit facility.
Enterprise Products Partners' (EPD) Morgan's Point marine terminal in Texas can load 2.2 billion pounds of ethylene per year from two docks.
Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today released its first quarter 2020 financial and operating results. In addition, Antero Midstream announced a revised 2020 capital budget and guidance. The relevant consolidated financial statements are included in Antero Midstream's quarterly report on Form 10-Q for the three months ended March 31, 2020.
Antero Midstream (AM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season
Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.3075 per share ($1.23 per share annualized) for the fourth quarter of 2019. In addition, Antero Midstream announced plans to issue their fourth quarter and full year 2019 earnings on Wednesday, February 12, 2020 after the close of trading on the New York Stock Exchange.
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Find Cheap Highly-Ranked Stocks Trading Under $10 for 2020
Antero Midstream's (AM) fourth-quarter results are likely to been aided by increased compression volumes.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]