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Equity’s updates on oil and gas pipelines

Published by
World Pipelines,


Equity Research Institute has initiated coverage on the following equities: Energy Transfer Equity L.P., Spectra Energy Corporation, Williams Partners L.P., Targa Resources Corporation, and Enbridge Energy Partners L.P.

On 31 July 2015, the NASDAQ composite ended at 5128.28, down 0.01%. The Dow Jones Industrial Average edged 0.32% lower, to finish the day at 17 689.86, and the S&P 500 closed at 2103.84, down 0.23%. The gains were broad based, as five out of nine sectors ended the session in positive.

Energy Transfer Equity L.P

Energy Transfer’s stock edged 0.27% higher, to close the session at US$30.08. The stock recorded a trading volume of 4.85 million shares – above its three months average volume of 4.45 million. Over the last four months, Energy Transfer's shares have declined 4.63% and 11.10%, respectively. However, the stock has gained 6.43% since the start of this year. The company is trading 8.03% and 1.64% below its 50-day and 200-day moving averages, respectively. Furthermore, Energy Transfer's stock was traded at a PE ratio of 42.97 and has a Relative Strength Index (RSI) of 41.01.

Spectra Energy Corporation

Spectra's stock finished the session at 0.33% lower, at US$30.26. A total of 3.82 million shares were traded, which was below its three months average volume of 4.01 million. Over the last four months, Spectra's shares have lost 4.99% and 18.45%, respectively. Additionally, the stock has declined 14.94% since the beginning of 2015. The company's shares are trading below their 50-day and 200-day moving averages by 7.11% and 13.52%. Spectra's stock had been traded at a PE ratio of 21.93, and has an RSI of 40.74.

Williams Partners L.P

On 31 July, shares in Williams ended the session 2.41% lower at US$46.13. The stock reported a trading volume of 2.28 million shares, below its three months average volume of 2.96 million. Shares of the company traded at a PE ratio of 75.62. Williams’ shares have declined by 3.39% in the last month, 8.05% in the previous three months, and 8.07% on YTD basis. The stock is trading 9.14% below its 50-day moving average and 10.03% below its 200-day moving average. Moreover, the shares of Williams have an RSI of 39.84.

Targa Resources Corporation

Targa's stock lost 1.36%, to close the day at US$88.45. The stock recorded a trading volume of 0.45 million shares, below its three months average volume of 0.67 million. Over the previous three months (and since the start of this year), Targa’s shares have plummeted by 14.95% and 14.37%. However, the stock has advanced 2.72% in the last month. The company's shares are trading 1.03% below their 50-day moving average. Additionally, Targa traded at a PE ratio of 43.57, and has an RSI of 51.42.

Enbridge Energy Partners L.P

Shares in Enbridge were recorded at a trading volume of 1.14 million shares – higher than their three months average volume of 0.60 million. The stock ended the day 4.15% lower at US$31.43. Shares of the company traded at a PE ratio of 42.47. Enbridge's stock has lost 5.53% in the last month, 15.24% in the previous three months, and 18.90% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 9.57% and 13.67%. Furthermore, shares of Enbridge have an RSI of 40.66.

Edited from various sources by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/05082015/equitys-updates-on-oil-and-gas-pipelines/

 

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