iPath S&P MLP ETN [IMLP] Stock Forecast

Midstream MLPs, as measured by the Alerian MLP Index, ended August down 1.3% on a price basis but up 0.5% once distributions were considered.

Distribution coverage for MLPs remains elevated relative to history after 1Q20 distribution cuts, implying that MLPs are better able to afford their distributions today than in the past, yet yields remain elevated compared to history.

Chevron Corp. announced it will acquire Noble Energy Inc.

While a continuation of the Trump administration would be more friendly to oil and gas companies, a potential Biden administration appears manageable for the industry.

The equity price performance and elevated yields for midstream and MLPs paint a different picture than what may be drawn from fundamentals.

Recently in 2020, Master Limited Partnerships (MLPs) experienced quite significant volatility, following multiple years of above average volatility for the space.

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended July down 4.8% on a price basis and down 3.6% once distributions are considered.

Midstream and utilities both tend to appeal to investors with their attractive income and diversification benefits.

The World Bank estimates global GDP will fall by -5.2% in 2020 from the effects of COVID-19. The EIA predicts US oil production will be largely range-bound for the next eighteen months at levels 10-15% lower than December 2019.

In response to shifts in the midstream universe, Alerian launched the Alerian Midstream Energy Index (AMNA) in June 2018 to provide a sector benchmark for investors and industry stakeholders primarily concerned with representation.

iPath S&P MLP ETN is a US stock and trading under the symbol IMLP

iPath S&P MLP ETN stock price is $- today.

Yes, iPath S&P MLP ETN is a publicly traded company.