Barclays Reinstates Coverage on Chesapeake Midstream Partners (CHKM) at Overweight; Expect Distribution to Grow
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Price: $28.46 --0%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Barclays reinstates coverage on Chesapeake Midstream Partners (NYSE: CHKM) with a Overweight. PT $33.00.
Analyst, Helen Ryoo, said, "We estimate that CHKM can grow its distribution at a 5-year CAGR of 11%, in line with our estimate prior to the recently closed transaction that effectively made Global Infrastructure Partners (GIP) CHKM's sole GP. We see little change in CHKM's growth story over the next few years, assuming GIP successfully completes the acquisition of Chesapeake Midstream Development (CMD)."
FY12 EPS estimate adjusted from $1.71 to $1.70 and FY13 from $2.06 to $1.90.
For an analyst ratings summary and ratings history on Chesapeake Midstream Partners click here. For more ratings news on Chesapeake Midstream Partners click here.
Shares of Chesapeake Midstream Partners closed at $28.82 yesterday.
Analyst, Helen Ryoo, said, "We estimate that CHKM can grow its distribution at a 5-year CAGR of 11%, in line with our estimate prior to the recently closed transaction that effectively made Global Infrastructure Partners (GIP) CHKM's sole GP. We see little change in CHKM's growth story over the next few years, assuming GIP successfully completes the acquisition of Chesapeake Midstream Development (CMD)."
FY12 EPS estimate adjusted from $1.71 to $1.70 and FY13 from $2.06 to $1.90.
For an analyst ratings summary and ratings history on Chesapeake Midstream Partners click here. For more ratings news on Chesapeake Midstream Partners click here.
Shares of Chesapeake Midstream Partners closed at $28.82 yesterday.
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