BP Midstream Partners LP Common Units representing Limited Partner Interests (BPMP) “Equal-Weight” Rating Reiterated by Analysts at Barclays; With $19 Target; Western Asset Managed Municipals Fund Has 0.94 Sentiment

April 17, 2018 - By Maria Brooks

Western Asset Managed Municipals Fund Inc (MMU) investors sentiment increased to 0.94 in Q4 2017. It’s up 0.40, from 0.54 in 2017Q3. The ratio increased, as 15 investment managers increased and started new equity positions, while 16 reduced and sold positions in Western Asset Managed Municipals Fund Inc. The investment managers in our database now possess: 4.49 million shares, down from 4.73 million shares in 2017Q3. Also, the number of investment managers holding Western Asset Managed Municipals Fund Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 8 Increased: 10 New Position: 5.

Barclays currently has a $19 target price per share on the $1.96 billion market cap company or 1.55% upside potential. In an analyst report sent to investors on Tuesday, 17 April, BP Midstream Partners LP Common Units representing Limited Partner Interests (BPMP) stock had its “Equal-Weight” Rating reiterated by professional analysts at Barclays.

The stock decreased 0.42% or $0.05 during the last trading session, reaching $12.96. About 52,643 shares traded. Western Asset Managed Municipals Fund Inc. (MMU) has declined 6.12% since April 17, 2017 and is downtrending. It has underperformed by 17.67% the S&P500.

Macroview Investment Management Llc holds 0.35% of its portfolio in Western Asset Managed Municipals Fund Inc. for 5,239 shares. Smith Moore & Co. owns 57,934 shares or 0.22% of their US portfolio. Moreover, Walter & Keenan Financial Consulting Co Mi Adv has 0.21% invested in the company for 35,400 shares. The Georgia-based Capital Investment Advisors Llc has invested 0.07% in the stock. Enterprise Financial Services Corp, a Missouri-based fund reported 9,800 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $28,503 activity.

Among 10 analysts covering BP Midstream (BPMP), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. BP Midstream has $24 highest and $19 lowest target. $21.20’s average target is 13.31% above currents $18.71 stock price. BP Midstream had 14 analyst reports since November 20, 2017 according to SRatingsIntel. The stock has “Hold” rating by MUFG Securities Americas Inc on Friday, December 15. Citigroup maintained BP Midstream Partners LP (NYSE:BPMP) rating on Wednesday, March 28. Citigroup has “Buy” rating and $19 target. UBS maintained BP Midstream Partners LP (NYSE:BPMP) on Friday, March 2 with “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, March 23 report. The stock of BP Midstream Partners LP (NYSE:BPMP) has “Hold” rating given on Tuesday, January 9 by Citigroup.

Analysts await BP Midstream Partners LP (NYSE:BPMP) to report earnings on May, 10 before the open. BPMP’s profit will be $27.24M for 17.99 P/E if the $0.26 EPS becomes a reality. After $0.21 actual EPS reported by BP Midstream Partners LP for the previous quarter, Wall Street now forecasts 23.81% EPS growth.

The stock increased 2.92% or $0.53 during the last trading session, reaching $18.71. About 131,025 shares traded. BP Midstream Partners LP (BPMP) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

BP Midstream Partners LP owns, acquires, operates, and develops pipelines and other midstream assets. The company has market cap of $1.96 billion. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, and offshore natural gas pipeline system, as well as interests in four offshore crude oil pipeline systems located in the United States. It has a 89.95 P/E ratio. The firm was founded in 2017 and is based in Houston, Texas.

BP Midstream Partners LP (NYSE:BPMP) Ratings Chart

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