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Oil and gas stocks are reviewed

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World Pipelines,


Stock-callers.com has issued research reports on four key US oil and gas pipelines equities. The organisations under consideration are Kinder Morgan Inc., Williams Cos. Inc., Energy Transfer Equity L.P. and Energy Transfer Partners L.P.

According to a previous IBISWorld's market research report, dated April 2016, the industry's contribution to the overall economy until 2021 is forecasted to grow at an annualised rate of 1.9%.

The reports also states that over the five years to 2016, the oil and gas pipeline construction industry boomed due to heavy investment in natural gas and oil infrastructure construction, and that looking ahead, the industry is projected to experience strong demand.

Kinder Morgan

Kinder Morgan Inc.'s shares climbed 0.64%, finished a recent trading session at US$21.91, with a total volume of 8.98 million shares traded. The stock has advanced 12.01% in the past month, 22.75% in the previous three months and 50.10% since the start of the year.

On 18 August, research firm Morgan Stanley upgraded the company's stock rating from 'Equal-Weight' to 'Overweight'.

Williams

On Tuesday, shares in Williams Cos. Inc. recorded a trading volume of 6.00 million shares. The session ended with stocks at 0.18% lower, at US$28.01. The stock has gained 24.32% in the last month, 27.75% in the last three months and 16.44% since the start of this year.

On 3 August, research firm, Raymond James, upgraded William’s stock rating from 'Market Perform' to 'Outperform'.

On 26 August, Williams announced that it has agreed to purchase, in a private placement from Williams Partners, approximately 6.975 million common units representing limited partner interests in Williams Partners, for a total purchase price of approximately US$250 million.

Energy Transfer Equity

Shares in Energy Transfer Equity L.P. closed the day at US$18.23, up 0.28%. The stock recorded a trading volume of 3.23 million shares. The company's shares have surged 18.87% in the last month, 35.76% over the last three months, and 43.43% on a YTD basis.

On 3 August, the company reported that net income attributable to partners was US$241 million for the three months ending 30 June 2016, compared to US$298 million for the three months ended 30 June 2015. Distributable cash flow for the three months ending on 30 June 2016 was US$276 million, compared to US$335 million for the three months ended 30 June 2015.

On 15 August, Morgan Stanley resumed its 'Overweight' rating on the company's stock.

Energy Transfer Partners

At the end of trading on Tuesday, shares in Energy Transfer Partners L.P. ended 0.15% lower, at US$40.00, with a total volume of 1.13 million shares traded. The stock has advanced 9.26% in the last month, 10.41% in the previous three months and 30.43% on an YTD basis.

On 2 August 2016, Energy Transfer Partners and Sunoco Logistics Partners L.P. announced the signing of an agreement to sell 36.75% of the Bakken Pipeline project, which includes the Dakota Access pipeline and the Energy Transfer Crude Oil pipeline, to MarEn Bakken Company LLC for US$2 billion in cash.


Adapted from press release by Anna Nicklin

Read the article online at: https://www.worldpipelines.com/business-news/01092016/oil-and-gas-stocks-are-reviewed/


 

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