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Insight into a few oil and gas pipeline stocks

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World Pipelines,


The NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower even as US markets saw broad based gains with six out of nine sectors finishing the trading session in bullish territories. Stock-Callers.com assesses the performance of the following four oil and gas pipelines stocks: Plains GP Holdings L.P., Columbia Pipeline Partners L.P., MPLX L.P., and TransCanada Corporation.

Plains GP

Texas-based Plains GP Holdings L.P.'s stock finished the 29 December session 1.09% lower at US$34.49 with a total volume of 929 716 shares traded. Over the last month and the previous three months, Plains GP Holdings' shares have advanced 6.12% and 1.86%, respectively. Furthermore, the stock has surged 60.78% in the past year. The company's shares are trading above its 50 day and 200 day moving averages by 1.49% and 19.15%, respectively. Shares of Plains GP Holdings, which together with its subsidiaries, owns and operates midstream energy infrastructure in the US and Canada, are trading at a PE ratio of 26.35. The stock has a Relative Strength Index (RSI) of 51.13.

On 9 December, research firm JP Morgan upgraded the company's stock rating from 'neutral' to 'overweight'.

Columbia Pipeline Partners

On 29 December, shares in Texas-based Columbia Pipeline Partners L.P. ended the session 0.29% higher at US$17.15 with a total volume of 935 538 shares traded. Columbia Pipeline Partners' shares have advanced 0.29% in the last one month and 7.50% in the previous three months. Furthermore, the stock has gained 9.23% in the past year. Shares of the company, which through its interests in CPG OpCo LP, engages in the natural gas transmission and storage business, are trading at a PE ratio of 23.43. The stock is trading 1.80% above its 50 day moving average and 14.75% above its 200 day moving average. Moreover, the Company's shares have an RSI of 63.78.

MPLX L.P.

On 29 December, shares in Ohio-based MPLX L.P. recorded a trading volume of 917 366 shares. The stock ended the day 1.46% higher at US$34.03. MPLX's stock has advanced 6.18% in the last one month and 5.32% in the previous three months. The company is trading above its 50 day and 200 day moving averages by 4.67% and 8.12%, respectively. Furthermore, shares of MPLX, which owns, operates, develops, and acquires midstream energy infrastructure assets, have an RSI of 61.81.

TransCanada

Canada headquartered TransCanada Corp.'s stock edged 0.51% higher, to close the day at US$45.22. The stock recorded a trading volume of 617 774 shares. The company's shares are trading 0.14% and 3.57% above its 50 day and 200 day moving averages, respectively. Additionally, shares of the company, which operates as an energy infrastructure company in North America, have an RSI of 48.17.

Read the article online at: https://www.worldpipelines.com/business-news/03012017/insight-into-a-few-oil-and-gas-pipeline-stocks/


 

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