Park Lane Advisor has initiated coverage on the following equities: Plains All American Pipeline L.P., Targa Resources Corporation, Cheniere Energy Inc. and Columbia Pipeline Group Inc.
On Wednesday, 3 February 2016, the NASDAQ Composite ended at 4504.24, down 0.28%, the Dow Jones Industrial Average advanced 1.13%, to finish the day at 16 336.66, and the S&P 500 closed at 1912.53, up 0.50%. The gains were broad based as six out of nine sectors ended the session in positive.
Plains All American Pipeline L.P.'s stock finished Wednesday's session 2.50% higher at US$20.47. A total of 2.62 million shares were traded, which was below its three months average volume of 4.68 million shares. The company's shares are trading below their 50 day and 200 day moving averages by 2.95% and 37.15%, respectively. Plains All American Pipeline L.P.'s stock traded at a PE ratio of 16.92 and has a Relative Strength Index (RSI) of 50.09.
Shares in Targa Resources Corp. ended the session 3.34% higher at US$22.25. The stock reported a trading volume of 3.24 million shares, above its three months average volume of 2.22 million shares. Shares of the company traded at a PE ratio of 18.86. The company is trading 15.37% below its 50 day moving average and 63.46% below its 200 day moving average. Moreover, shares of Targa Resources Corp. have an RSI of 48.37.
Cheniere Energy Inc.'s stock advanced 4.83%, to close the day at US$28.46. The stock recorded a trading volume of 5.03 million shares, above its three months average volume of 3.52 million shares. The company's shares are trading 24.99% below their 50 day moving average. Additionally, Cheniere Energy Inc. has an RSI of 33.95.
Shares in Columbia Pipeline Group Inc. recorded a trading volume of 2.16 million shares, lower than their three months average volume of 3.38 million shares. The stock ended the day 2.79% higher at US$18.39. Shares of the company traded at a PE ratio of 21.89. The company is trading below its 50 day and 200 day moving averages by 1.67% and 18.73%, respectively. Furthermore, shares of Columbia Pipeline Group Inc. have an RSI of 52.44.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/05022016/an-update-on-a-few-pipeline-stocks-plains-targa-cpg-cheniere/