MarkWest Energy Partners (NYSE: MWE) shares currently have a dividend yield of 4.90%. MarkWest's operations are diversified both geographically and by activity. MarkWest's Southwest Business Unit consists of gathering and processing natural gas primarily in Texas and Oklahoma. The company has a P/E ratio of 142.42. The average volume for MarkWest Energy Partners has been 814,800 shares per day over the past 30 days. MarkWest Energy Partners has a market cap of $9.8 billion and is part of the energy industry. Shares are up 35.4% year to date as of the close of trading on Tuesday. TheStreet Ratings rates MarkWest Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include:
- Net operating cash flow has significantly increased by 90.73% to $92.55 million when compared to the same quarter last year. In addition, MARKWEST ENERGY PARTNERS LP has also vastly surpassed the industry average cash flow growth rate of -15.85%.
- The gross profit margin for MARKWEST ENERGY PARTNERS LP is rather high; currently it is at 52.18%. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, MWE's net profit margin of 20.16% significantly outperformed against the industry.
- Compared to its closing price of one year ago, MWE's share price has jumped by 28.83%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 6.5%. Since the same quarter one year prior, revenues slightly dropped by 6.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- MWE's debt-to-equity ratio of 1.00 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.74 is weak.
- You can view the full MarkWest Energy Partners Ratings Report.
- Our dividend calendar.
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