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.