The oil and gas pipelines industry consists of contractors that are responsible for the construction of pipelines, mains, pumping stations, refineries and storage tanks.
Companies within the industry tend bring stable fee-based revenues, safe and sustainable dividend payouts, as well as offering liquidity and tax benefits. Pre-market research conducted by Stock-Callers.com has presented four equities for evaluation: Spectra Energy Corp., QEP Resources Inc., Energy Transfer Partners L.P., and Sunoco Logistics Partners L.P.
On 17 November, shares in Spectra Energy Corp. recorded a trading volume of 3.34 million shares. The stock ended the day 1.19% higher at US$40.80. Shares of the company are trading at a PE ratio of 91.69. Spectra Energy's stock has gained 13.32% in the previous three months and 55.66% in the past one year. The stock is trading above its 200 day moving average by 18.79%. Furthermore, shares of Spectra Energy have a relative strength index (RSI) of 48.58.
On 2 November, Spectra Energy reported net income of US$281 million, including net income from controlling interests of US$195 million for 3Q16, with diluted earnings per share of US$0.28. Ongoing distributable cash flow for 3Q16 was US$280 million, compared to US$223 million in 3Q15.
QEP Resources Inc.'s stock fell 2.19%, to close the day at US$17.40. The stock recorded a trading volume of 3.97 million shares. QEP Resources' shares have gained 14.40% over the last year. Shares of the company are trading 5% above its 200 day moving average. Additionally, the stock has an RSI of 52.00.
On 3 November, QEP Resources announced that it has reached an agreement with one of its third-party midstream providers to resolve a commercial dispute and amend the agreement under which the associated gas produced from the company's South Antelope acreage is purchased, gathered and processed. The parties have also agreed to dismiss the arbitration proceedings and release each other from all claims arising under the existing gas purchase agreement.
Energy Transfer Partners
On Thursday, shares in Energy Transfer Partners L.P. ended the session 1.51% higher at US$38.21, with a total volume of 1.83 million shares traded. Energy Transfer Partners' shares have advanced 7.65% in the previous one month and 5.67% in the last year. The stock is trading 7.12% above its 50 day moving average and 13.74% above its 200 day moving average. Moreover, shares of the company have an RSI of 64.16.
On 8 November, research firm Bernstein upgraded the company's stock rating from 'market perform' to 'outperform'.
On 15 November, Energy Transfer Partners and Sunoco Logistics Partners, L.P announced that in two related court filings, they have sought a judgment declaring that Dakota Access pipeline has the legal right-of-way (ROW) to build, complete and operate the pipeline without any further action from the Army Corps of Engineers.
Sunoco Logistics Partners
Sunoco Logistics Partners L.P.'s stock finished Thursday's session 0.30% higher at US$26.88 with a total volume of 969 760 shares traded. The stock has advanced 0.20% in the past one month. Shares of the company are trading at a PE ratio of 103.78. Its shares are trading above its 50 day and 200 day moving averages by 0.22% and 2.79%, respectively. Its stock has an RSI of 54.91.
On 8 November, Bernstein upgraded the company's stock rating from 'underperform' to 'market perform'.
On 9 November, the company announced a strategic joint venture with ExxonMobil in which the companies will form Permian Express Partners LLC to combine certain of their key crude oil logistics assets. Sunoco Logistics will contribute its Permian Express 1, Permian Express 2 and Permian Longview and Louisiana Access pipelines.
Read the article online at: https://www.worldpipelines.com/business-news/21112016/research-on-key-pipeline-companies-released/