A few pipeline equity updates

On Monday, 27 June 2016, the NASDAQ Composite ended the trading session at 4594.44, down 2.41%; the Dow Jones Industrial Average lost 1.50% to finish at 17 140.24; and the S&P 500 closed at 2000.54, down 1.81%. Stock-Callers.com has initiated coverage on the following equities: Boardwalk Pipeline Partners L.P., Enbridge Inc., Dakota Plains Holdings Inc., and ONEOK Partners L.P.

On Monday, shares in Boardwalk Pipeline Partners L.P. ended the day 3.41% lower at US$16.99 with a total volume of 846 404 shares traded. Shares of the company traded at a PE ratio of 17.70. The company's shares have gained 21.17% in the previous three months and 17.81% in the past one year. The stock is trading above its 50 day and 200 day moving averages by 1.34% and 26.25%, respectively. Furthermore, shares of Boardwalk Pipeline Partners have a Relative Strength Index (RSI) of 44.84.

Enbridge Inc. operates as an energy transportation and distribution company in the US and Canada. The stock lost 1.13% to close the day at US$41.07. The stock recorded a trading volume of 1.42 million shares, which was above its three months average volume of 917 960 shares. The company's shares have advanced 1.08% in the last one month and 10.34% in the previous three months. The stock is trading 11.27% above its 200 day moving average. Additionally, Enbridge's stock has an RSI of 46.64.

On Monday, shares in Wayzata, Minnesota headquartered integrated midstream energy company, Dakota Plains Holdings Inc., ended the session 2.73% higher at US$0.11 with a total volume of 1.22 million shares traded. The company's shares have surged 45.81% in the previous three months. The stock is trading 3.39% below its 50 day moving average. Moreover, shares of Dakota Plains Holdings have an RSI of 45.21.

ONEOK Partners L.P. engages in the gathering, processing, storage, and transportation of natural gas in the US. The stock finished Monday's session 2.69% lower at US$38.38 with a total volume of 892 285 shares traded. Over the previous three months and the past one year, the company's shares have surged 31.45% and 18.52%, respectively. The stock is trading above its 50 day and 200 day moving averages by 2.90% and 25.62%, respectively. ONEOK Partners' stock has an RSI of 51.11.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/28062016/a-few-pipeline-equity-updates/