Capital One initiates coverage on US midstream companies, sees favorable tailwinds
BUZZ-Capital One initiates coverage on US midstream companies, sees favorable tailwinds ** Capital One Securities initiates coverage on US midstream companies and says the Middle East conflict has put a spotlight on the relative safety and security of US infrastructure
** Brokerage adds several favorable industry tailwinds remain in place and believes investors should buy any material pullback in the stocks
** With Permian egress coming online, we expect fewer concerns around curtailments and regional pricing near-term, although issues could resurface as early as 2028 — Capital One Securities
** Brokerage says inventory depth and quality, peak production timing, gas-to-oil ratios, improved recoveries and new horizons will remain key topics going forward
Brokerage initiates coverage on the following companies:
Company name | PT | Rating | Upside/downside to stock's last close |
Enterprise Product Partners EPD.N | $42 | Equalweight | 9.2% upside |
Energy Transfer ET.N | $26 | Overweight | 24.4% upside |
Kinder Morgan KMI.N | $36 | Equalweight | 13.4% upside |
ONEOK OKE.N | $110 | Overweight | 19.9% upside |
Williams Companies WMB.N | $92 | Overweight | 28.4% upside |
(Reporting by Tyakshi Singh in Bengaluru)
((Tyakshi.singh@thomsonreuters.com))
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Capital One initiates coverage on US midstream companies, sees favorable tailwinds