On May 07, 2014, Tallgrass Energy Partners LP (NYSE:TEP), reported financial and operating results for the first quarter of 2014. Indicated amounts presented for the three months ended March 31, 2013 are on a pro forma basis, which assumes that our initial public offering and related formation transactions, including borrowings under our $500 million revolving credit facility, had closed on January 1, 2013. No cash distributions were paid with respect to the first quarter of 2013. Pro forma distributions for the first quarter of 2013 were calculated using the minimum quarterly distribution under our partnership agreement. Pro forma interest expense (inclusive of commitment fees) for the three months ended March 31, 2013 includes $230 million of borrowings at a rate of 2.50%. Tallgrass Energy Partners LP (NYSE:TEP), net profit margin is 2.70% and weekly performance is 2.53%. On last trading day company shares ended up $37.33. Analysts mean target price for the company is $39.29. Tallgrass Energy Partners LP (NYSE:TEP), distance from 50-day simple moving average (SMA50) is 6.65%.
U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution to the holders of its units of beneficial interest of $0.250407 per unit, payable on June 13, 2014, to unitholders of record on May 30, 2014. Cross Timbers Royalty Trust (NYSE:CRT), advanced 1.40% in last trading session and ended the day on $33.34. CRT, return on assets is 126.00%. Cross Timbers Royalty Trust (NYSE:CRT), quarterly performance is 9.20%.
Rose Rock Midstream LP (NYSE:RRMS), posted solid growth in its first quarter result as a result of acquisitions made during 2013. In 1Q2014, total revenues increased by 70% to $291 million due to a significant increase in revenue from transportation (+222%) and marketing activities (+69%). Fixed fee services primarily drove the transportation revenue that increased to $18.7 million during 1Q2014 (1Q2013: $5.8 million) as a result of $1.4 million of pipeline transportation fees, $13.5 million of fees from trucking and $3.8 million of fixed margin. Rose Rock Midstream LP (NYSE:RRMS), shares moved up 0.27% in last trading session and was closed at $44.66, while trading in range of $44.38 – 45.15. Rose Rock Midstream LP (NYSE:RRMS), year to date (YTD) performance is 18.30%.
Oiltanking Partners LP (NYSE:OILT), announced that members of its management team will be participating in the National Association of Publicly Traded Partnerships 2014 Annual Master Limited Partnership Investor Conference, to be held May 21-22, 2014 in Ponte Vedra Beach, Florida. Oiltanking Partners LP (NYSE:OILT), ended the last trading day at $93.74. Company weekly volatility is calculated as 3.48% and price to cash ratio as 144.62. Oiltanking Partners LP (NYSE:OILT), showed a positive weekly performance of 6.89%.
NGL Energy Partners LP (NYSE:NGL), Insider Vincent J. Osterman sold 5,000 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.03, for a total transaction of $195,150.00. Following the sale, the insider now directly owns 30,000 shares in the company, valued at approximately $1,170,900. NGL Energy Partners LP (NYSE:NGL), net profit margin is 0.20% and weekly performance is 3.31%. On last trading day company shares ended up $38.99. Analysts mean target price for the company is $39.88. NGL Energy Partners LP (NYSE:NGL), distance from 50-day simple moving average (SMA50) is 3.66%.