Wells Fargo Initiates Coverage on Chesapeake Midstream Partners (CHKM); Low-Risk Profile/Robust Growth Prospects Appear Fairly Reflected
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Price: $28.46 --0%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade CHKM Now!
Wells Fargo initiates coverage on Chesapeake Midstream Partners, L.P. (Nasdaq: CHKM) with a Market Perform rating.
Wells analyst says, "CHKM has 100% fee-based cash flow and visible growth prospects tied to its GP's drilling plans and potential drop-down opportunities. We forecast a five-year distribution compound annual growth rate (CAGR) of 9.3%, assuming average annual (1) acquisitions of $300 million and (2) growth capex of $510 million. However, CHKM's attractive attributes and above-average growth profile appear fairly reflected in the current valuation, in our view. Approximately 80% of CHKM's distribution is tax deferred."
To see all the upgrades/downgrades on shares of CHKM, visit our Analyst Ratings page.
Shares fell $0.15 yesterday to close at $25.15.
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Wells analyst says, "CHKM has 100% fee-based cash flow and visible growth prospects tied to its GP's drilling plans and potential drop-down opportunities. We forecast a five-year distribution compound annual growth rate (CAGR) of 9.3%, assuming average annual (1) acquisitions of $300 million and (2) growth capex of $510 million. However, CHKM's attractive attributes and above-average growth profile appear fairly reflected in the current valuation, in our view. Approximately 80% of CHKM's distribution is tax deferred."
To see all the upgrades/downgrades on shares of CHKM, visit our Analyst Ratings page.
Shares fell $0.15 yesterday to close at $25.15.
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