Research reports on midstream energy stocks
Published by Stephanie Roker,
Editor
World Pipelines,
On 19 December, Active Wall St. announced the list of stocks for research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the oil and gas midstream industry.
Companies recently under review include Enbridge Income Fund Holdings, TransCanada, Pembina Pipeline and Inter Pipeline.
On 16 December, at the end of trading session, the Toronto Exchange Composite index ended the day at 15 252.20, 0.22% higher, on a total volume of 858 598 966 shares.
Additionally, the Energy index was slightly up by 0.48%, ending the session at 224.06.
Active Wall St. has initiated research reports on the following equities: Enbridge Income Fund Holdings Inc., TransCanada Corporation, Pembina Pipeline Corporation and Inter Pipeline Ltd.
Enbridge
Canadian headquartered Enbridge Income Fund Holdings Inc.'s stock advanced 1.25%, to finish the 16 December session at CAN$34.70 with a total volume of 217 313 shares traded. Over the last month and the previous three months, Enbridge Income Fund's shares have advanced 3.64% and 5.73%, respectively. Furthermore, the stock has gained 29.28% in the past year. The company's shares are trading above its 50 day and 200 day moving averages. Enbridge Income Fund Holdings' 50 day moving average of CAN$33.77 is above its 200 day moving average of CAN$32.95. Shares of the company, which holds energy infrastructure assets in Canada, are trading at a PE ratio of 16.83.
TransCanada
On 16 December, shares in Canadian headquartered TransCanada Corp. recorded a trading volume of 8.74 million shares, which was above their three months average volume of 1.84 million shares. The stock ended the day 2.53% higher at CAN$61.60. TransCanada's stock has gained 2.02% in the last one month and 34.70% in the previous year. Shares of the company, which operates as an energy infrastructure company in North America, are trading above its 50 day and 200 day moving averages. The stock's 200 day moving average of CAN$60 is above its 50 day moving average of CAN$59.78.
Pembina
On 16 December, shares in Canadian headquartered Pembina Pipeline Corp. ended the session 1.30% higher at CAN$42.21 with a total volume of 2.89 million shares traded. Pembina Pipeline's shares have gained 9.92% in the last one month, 7.76% in the previous three months, and 41.27% in the past one year. The company is trading above its 50 day and 200 day moving averages. Furthermore, the stock's 200 day moving average of CAN$39.56 is greater than its 50 day moving average of CAN$39.53. Shares of Pembina Pipeline, which provides transportation and midstream services for the energy industry in North America, are trading at a PE ratio of 40.47.
Inter Pipeline
Canadian headquartered Inter Pipeline Ltd.'s stock advanced 2.44%, to close the day at CAN$29.79. The stock recorded a trading volume of 5.07 million shares, which was above its three months average volume of 796 246 shares. Inter Pipeline' shares have gained 9% in the last month and 8.72% in the past three months. Further, the stock has surged 33.35% in the previous year. The company's shares are trading above their 50 day and 200 day moving averages. Moreover, the stock's 200 day moving average of CAN$27.60 is greater than its 50 day moving average of CAN$27.59. Shares of the company, which engages in the petroleum transportation, natural gas liquids extraction, and bulk liquid storage businesses in Canada and Europe, are trading at a PE ratio of 22.13.
Read the article online at: https://www.worldpipelines.com/business-news/23122016/research-reports-on-midstream-energy-stocks/
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