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In the News
This Is Why We Should Sell This 6.9% Energy CEF
2024 may be remembered as the year the stock-market recovery “stuck.” While 2023 resuscitated stocks from their 2022 doldrums, it's been 2024 that got the indices to hold above all-time highs.
The Month In Closed-End Funds: February 2024
For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.
EMO: This CEF Is No Longer Cheap (Rating Downgrade)
ClearBridge Energy Midstream Opportunity Fund announced a new corporate action consisting of a tender offer for up to 50% of its outstanding shares. The announcement led to a significant rally in EMO shares and the narrowing of the CEF's discount to NAV. Existing shareholders have the potential to gain a 7% synthetic gain from the tender offer, while new investors should view EMO as a dividend yielder rather than a cheap buying opportunity.
Weekly Closed-End Fund Roundup: November 26, 2023
19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.
EMO: This CEF Has Strong Fundamentals And An Attractive Discount
ClearBridge Energy Midstream Opportunity Fund specializes in investing in midstream corporations and energy infrastructure companies, providing access to master limited partnerships in tax-advantaged accounts. The fund boasts an 8.60% yield, comparing well to other energy infrastructure funds. The fund's recent performance has been better than the S&P 500 Index, with investors making a significant difference in returns.
Saba Capital Management, L.P. Acquires Stake in ClearBridge Energy Midstream Opportunity Fund Inc
In a recent transaction, Saba Capital Management, L.P. (Trades, Portfolio), a prominent investment firm, has acquired a significant stake in ClearBridge Energy Midstream Opportunity Fund Inc. This article aims to provide a comprehensive overview of the transaction, the profiles of both the guru firm and the traded company, as well as an analysis of the stock's performance and valuation.
EMO: A Solid Midstream CEF Trading At A Huge Discount
Midstream partnerships have long been an excellent investment vehicle for anyone seeking income due to their high yields and general stability. ClearBridge Energy Midstream Opportunity Fund invests in a portfolio of these companies that includes most of the best companies in the industry.
EMO: MLP Equity CEF, From The Saba Playbook
ClearBridge Energy Midstream Opportunity Fund Inc. is an MLP equity closed end fund. The CEF is currently trading with a -14% discount to NAV.
The Month In Closed-End Funds: October 2022
For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 11% of fixed income CEFs trading in premium territory.
EMO: A Solid Fund To Make 7.32%
EMO invests in a diversified, professionally managed portfolio of midstream partnerships and corporations. The companies that the fund invests in enjoy remarkably stable cash flows, despite their market prices moving alongside energy prices.
EMO Financial details
EMO Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-11-30
Metric | History | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | -3.2 | -24.94 | 11.08 | 10.58 | 4.98 | |
Net income per share | -3 | -25.55 | 10.89 | 10.34 | 4.59 | |
Operating cash flow per share | 9.15 | 19.02 | -2.89 | -0.28 | 1.49 | |
Free cash flow per share | 9.15 | 19.02 | -2.89 | -0.28 | 1.49 | |
Cash per share | 0.19 | 1.03 | 0.98 | 0.96 | 1.53 | |
Book value per share | 44.35 | 17.13 | 26.53 | 32.82 | 35 | |
Tangible book value per share | 44.35 | 17.13 | 26.53 | 32.82 | 35 | |
Share holders equity per share | 44.35 | 17.13 | 26.53 | 32.82 | 35 | |
Interest debt per share | 27.38 | 7.06 | 15.56 | 18.9 | 22.49 | |
Market cap | 539.31M | 176.11M | 285.82M | 430.74M | 488.36M | |
Enterprise value | 817.14M | 231M | 409.78M | 582.97M | 653.64M | |
P/E ratio | -12.7 | -0.5 | 1.99 | 2.94 | 7.52 | |
Price to sales ratio | -11.9 | -0.51 | 1.95 | 2.87 | 6.92 | |
POCF ratio | 4.16 | 0.67 | -7.49 | -109.32 | 23.21 | |
PFCF ratio | 4.16 | 0.67 | -7.49 | -109.32 | 23.21 | |
P/B Ratio | 0.86 | 0.74 | 0.82 | 0.93 | 0.99 | |
PTB ratio | 0.86 | 0.74 | 0.82 | 0.93 | 0.99 | |
EV to sales | -18.04 | -0.67 | 2.8 | 3.89 | 9.27 | |
Enterprise value over EBITDA | -16.72 | -0.66 | 2.86 | 3.88 | 10.04 | |
EV to operating cash flow | 6.31 | 0.88 | -10.74 | -147.95 | 31.06 | |
EV to free cash flow | 6.31 | 0.88 | -10.74 | -147.95 | 31.06 | |
Earnings yield | -0.08 | -2.01 | 0.5 | 0.34 | 0.13 | |
Free cash flow yield | 0.24 | 1.5 | -0.13 | -0.01 | 0.04 | |
Debt to equity | 0.6 | 0.38 | 0.58 | 0.57 | 0.62 | |
Debt to assets | 0.39 | 0.27 | 0.39 | 0.39 | 0.43 | |
Net debt to EBITDA | -5.68 | -0.16 | 0.87 | 1.01 | 2.54 | |
Current ratio | 0.45 | 0.26 | 0.44 | 0.36 | 2.24 | |
Interest coverage | -4.01 | -46.54 | 59.17 | 34.63 | 7.14 | |
Income quality | -3.05 | -0.74 | -0.27 | -0.03 | 0.32 | |
Dividend Yield | 0.12 | 0.17 | 0.07 | 0.06 | 0.06 | |
Payout ratio | -1.55 | -0.09 | 0.14 | 0.17 | 0.47 | |
Sales general and administrative to revenue | -0.03 | 0 | 0.01 | 0.01 | 0.03 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 54.71 | 99.26 | 80.62 | 87.39 | 60.12 | |
ROIC | -0.04 | -1.08 | 0.26 | 0.21 | 0.08 | |
Return on tangible assets | -0.04 | -1.05 | 0.28 | 0.22 | 0.09 | |
Graham Net | -22.94 | -5.9 | -11.51 | -13.34 | -13.71 | |
Working capital | -1.18M | -610.41K | -547.75K | -988.53K | 457.96K | |
Tangible asset value | 627.72M | 237.61M | 350.29M | 464.58M | 495.5M | |
Net current asset value | -327.84M | -98.75M | -168.16M | -205.46M | -217.58M | |
Invested capital | 0.6 | 0.38 | 0.58 | 0.57 | 0.62 | |
Average receivables | 636.71K | 591.29K | 321.09K | 491.71K | 693.13K | |
Average payables | 2.16M | 1.49M | 900.17K | 1.26M | 958.42K | |
Average inventory | 8.87M | 3.47M | 6.13M | 6.6M | 5.29M | |
Days sales outstanding | -7.78 | -0.23 | 1.06 | 1.36 | 4.29 | |
Days payables outstanding | 73.48 | 62.14 | 75 | 93.18 | 19.31 | |
Days of inventory on hand | 49.34 | 413.13 | 521.39 | 388.07 | 215.57 | |
Receivables turnover | -46.89 | -1.6K | 343.66 | 268.7 | 85.13 | |
Payables turnover | 4.97 | 5.87 | 4.87 | 3.92 | 18.9 | |
Inventory turnover | 7.4 | 0.88 | 0.7 | 0.94 | 1.69 | |
ROE | -0.07 | -1.49 | 0.41 | 0.32 | 0.13 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-11-30 for Q4
Metric | History | 2021-11-30 | 2022-05-31 | 2022-11-30 | 2023-05-31 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 3.48 | 2.56 | 2.24 | 1.03 | 7.87 | |
Net income per share | 0.69 | 11.04 | 0.29 | -3.08 | 8.16 | |
Operating cash flow per share | 0.95 | 1.09 | 1.13 | 1.1 | 1.1 | |
Free cash flow per share | 0.95 | 1.09 | 1.13 | 1.1 | 1.1 | |
Cash per share | 0.98 | 0.41 | 1.05 | 0.52 | 1.7 | |
Book value per share | 26.53 | 36.7 | 35.97 | 31.89 | 38.75 | |
Tangible book value per share | 26.53 | 36.7 | 35.97 | 31.89 | 38.75 | |
Share holders equity per share | 26.53 | 36.7 | 35.97 | 31.89 | 38.75 | |
Interest debt per share | 15.55 | 12.97 | 20.67 | 21.78 | 24.69 | |
Market cap | 285.82M | 386.41M | 393.07M | 345.38M | 441.16M | |
Enterprise value | 409.78M | 551.4M | 545.29M | 498.26M | 606.45M | |
P/E ratio | 7.89 | 0.68 | 25.94 | -2.19 | 1.06 | |
Price to sales ratio | 6.23 | 11.67 | 13.57 | 26.11 | 4.38 | |
POCF ratio | 22.71 | 27.46 | 26.86 | 24.58 | 31.36 | |
PFCF ratio | 22.71 | 27.46 | 26.86 | 24.58 | 31.36 | |
P/B Ratio | 0.82 | 0.81 | 0.85 | 0.85 | 0.89 | |
PTB ratio | 0.82 | 0.81 | 0.85 | 0.85 | 0.89 | |
EV to sales | 8.93 | 16.65 | 18.83 | 37.67 | 6.02 | |
Enterprise value over EBITDA | 36.12 | 3.8 | 67.96 | -14.86 | 5.47 | |
EV to operating cash flow | 32.56 | 39.18 | 37.26 | 35.46 | 43.11 | |
EV to free cash flow | 32.56 | 39.18 | 37.26 | 35.46 | 43.11 | |
Earnings yield | 0.03 | 0.37 | 0.01 | -0.11 | 0.24 | |
Free cash flow yield | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | |
Debt to equity | 0.58 | 0.35 | 0.57 | 0.67 | 0.62 | |
Debt to assets | 0.39 | 0.24 | 0.39 | 0.44 | 0.43 | |
Net debt to EBITDA | 10.93 | 1.14 | 18.97 | -4.56 | 1.49 | |
Current ratio | 0.44 | 0.49 | 0.36 | 3.8 | 2.24 | |
Interest coverage | 4.82 | 57.27 | 2.13 | -5.92 | 17.2 | |
Income quality | 1.39 | 0.1 | 3.86 | -0.36 | 0.13 | |
Dividend Yield | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | |
Payout ratio | 1.11 | 0.08 | 3.51 | -0.35 | 0.16 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 20.24 | 95.48 | 15.4 | 47.02 | 84.35 | |
ROIC | 0.02 | 0.23 | 0.01 | -0.05 | 0.14 | |
Return on tangible assets | 0.02 | 0.21 | 0.01 | -0.06 | 0.15 | |
Graham Net | -11.51 | -15.23 | -14.62 | -15.32 | -15.17 | |
Working capital | -547.75K | -516.44K | -988.53K | 1.05M | 457.96K | |
Tangible asset value | 350.29M | 474.15M | 464.58M | 407.76M | 495.5M | |
Net current asset value | -168.16M | -205.27M | -205.46M | -204.46M | -217.58M | |
Invested capital | 0.58 | 0.35 | 0.57 | 0.67 | 0.62 | |
Average receivables | 412.34K | 457.56K | 523.45K | 993.63K | 1.13M | |
Average payables | 710.78K | 989.66K | 1.28M | 961.16K | 373.45K | |
Average inventory | 6.71M | 6.8M | 6.64M | 5.53M | 4.37M | |
Days sales outstanding | 0.83 | 1.33 | 1.73 | 9.73 | 0.74 | |
Days payables outstanding | 33.45 | 30.66 | 44.83 | 9.45 | 9.74 | |
Days of inventory on hand | 232.54 | 208.24 | 186.7 | 115.82 | 108.77 | |
Receivables turnover | 107.8 | 67.66 | 51.95 | 9.25 | 121.51 | |
Payables turnover | 2.69 | 2.94 | 2.01 | 9.52 | 9.24 | |
Inventory turnover | 0.39 | 0.43 | 0.48 | 0.78 | 0.83 | |
ROE | 0.03 | 0.3 | 0.01 | -0.1 | 0.21 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
EMO Frequently Asked Questions
What is ClearBridge Energy Midstream Opportunity Fund Inc stock symbol ?
ClearBridge Energy Midstream Opportunity Fund Inc is a US stock , located in New york of Ny and trading under the symbol EMO
What is ClearBridge Energy Midstream Opportunity Fund Inc stock quote today ?
ClearBridge Energy Midstream Opportunity Fund Inc stock price is $40.72 today.
Is ClearBridge Energy Midstream Opportunity Fund Inc stock public?
Yes, ClearBridge Energy Midstream Opportunity Fund Inc is a publicly traded company.