21.03.2017 12:40:00

How These Oil and Gas Stocks are Faring? -- Buckeye, Antero Midstream, Genesis, and DCP Midstream

NEW YORK, March 21, 2017 /PRNewswire/ --

Pre-market today, Stock-Callers.com has issued research reports on four stocks within the Oil and Gas Pipelines industry: Buckeye Partners L.P. (NYSE: BPL), Antero Midstream Partners L.P. (NYSE: AM), Genesis Energy L.P. (NYSE: GEL), and DCP Midstream L.P. (NYSE: DCP). According to an article published on Mother Jones, pipeline construction will likely expand under President Trump's new infrastructure plan, with maps of pending projects for crude oil, natural gas, and natural gas liquids showing how extensive the development will be. Additionally, the rollback of environmental regulations will also encourage new construction. Register now and get full and free access to our downloadable research reports on these stocks at:

http://stock-callers.com/registration

Buckeye  

On Monday, shares in Houston, Texas-based Buckeye Partners L.P. recorded a trading volume of 460,097 shares. The stock ended at $66.68, rising 0.02% from the last trading session. The Company's shares have gained 5.75% over the previous three months and 2.53% on an YTD basis. The stock is trading below its 200-day moving average by 0.06%. Furthermore, shares of Buckeye Partners, which owns and operates liquid petroleum products pipelines in the US, have a Relative Strength Index (RSI) of 44.13.

On February 10th, 2017, Buckeye reported income from continuing operations for Q4 2016 of $108.9 million compared to income from continuing operations for Q4 2015 of $135.1 million. The Company's adjusted EBITDA from continuing operations for Q4 2016 was $255.1 million compared to $244.5 million for Q4 2015. Income from continuing operations attributable to Buckeye's unit-holders was $0.78 per diluted unit for Q4 2016 compared to $1.03 per diluted unit for Q4 2015. Access our complete research report on BPL for free at:

http://stock-callers.com/registration/?symbol=BPL


Antero Midstream  

Denver, Colorado headquartered Antero Midstream Partners L.P.'s stock finished yesterday's session 0.26% lower at $34.39 with a total trading volume of 281,168 shares. The Company's shares have gained 24.09% over the previous three months and 12.27% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.33% and 19.67%, respectively. Furthermore, shares of Antero Midstream Partners, which owns, operates, and develops midstream energy assets, have an RSI of 45.92.

On February 28th, 2017, Antero reported Q4 2016 net income of $73 million, or $0.37 per limited partner unit, representing a per unit increase of 37% on a y-o-y basis. The Company posted adjusted EBITDA of $126 million for Q4 2016, a 52% increase on a y-o-y basis. Antero reported distributable cash flow of $103 million for Q4 2016, resulting in DCF coverage of 1.8x. The complimentary research report on AM can be downloaded at:


http://stock-callers.com/registration/?symbol=AM


Genesis  

On Monday, shares in Texas headquartered Genesis Energy L.P. saw a drop of 2.71%, ending the day at $31.60. The stock recorded a trading volume of 957,548 shares, which was above its three months average volume of 452,240 shares. The Company's shares are trading 9.33% below their 200-day moving average. Moreover, shares of Genesis Energy, which operates in the midstream segment of the crude oil and natural gas industry, have an RSI of 28.81.

On March 20th, 2017, Genesis announced the pricing of a registered underwritten public offering of 4,000,000 common units representing limited partner interests for total gross proceeds of $124.0 million. The Company granted the underwriters a 30-day option to purchase up to 600,000 additional common units. The offering is expected to settle and close on March 24th, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on GEL at:

http://stock-callers.com/registration/?symbol=GEL


DCP Midstream  

Denver, Colorado headquartered DCP Midstream L.P.'s shares ended the day 1.34% higher at $37.85 with a total trading volume of 306,069 shares. The stock has gained 7.93% over the previous three months and 0.57% on an YTD basis. The Company's shares are trading 9.73% above their 200-day moving average. Additionally, shares of DCP Midstream, which together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the US, have an RSI of 46.05.

On March 02nd, 2017, DCP Midstream announced that in connection with the completion of the combination of Enbridge Inc. and Spectra Energy Corp. on February 27th, 2017, changes were made to the Boards of Directors of DCP's general partner, DCP Midstream GP, LLC, and to DCP Midstream, LLC, the owner of the General Partner. Al Monaco, President and Chief Executive Officer of Enbridge, and Bill Yardley, Executive Vice President and President, Gas Transmission and Midstream of Enbridge, will assume the roles of directors of DCP Midstream, LLC. Greg Ebel and Pat Reddy have resigned from their roles as directors of DCP Midstream, LLC. Vern Yu, Enbridge Executive Vice President and Chief Development Officer, has been appointed to the Board of Directors of the General Partner of DCP as a representative of Enbridge. Download your free research report on DCP at:

http://stock-callers.com/registration/?symbol=DCP

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