23.02.2017 13:00:00
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Oil & Gas Pipelines Stocks Under Review -- Kinder Morgan, Williams, Energy Transfer Equity, and MPLX L.P.
NEW YORK, February 23, 2017 /PRNewswire/ --
Stock-Callers.com today monitors the performances of Kinder Morgan Inc. (NYSE: KMI), The Williams Cos. Inc. (NYSE: WMB), Energy Transfer Equity L.P. (NYSE: ETE), and MPLX L.P. (NYSE: MPLX). According to a report by Persistence Market Research, the demand for pipes is growing incessantly on a global scale with the intensification in the oil and gas pipeline infrastructure. Escalating crude oil production, in conjunction with growing deep drilling operations, is likely to catalyze the growth of the Oil and Gas Pipelines market, which is predicted to go up by 2021 in terms of revenue. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Kinder Morgan
Houston, Texas headquartered Kinder Morgan Inc.'s stock finished Wednesday's session 2.18% lower at $21.51 with a total trading volume of 10.15 million shares. Since the start of this year, the Company's shares have advanced 4.45%. The stock is trading above its 200-day moving average by 5.07%. Moreover, shares of Kinder Morgan, which operates as an energy infrastructure company in North America, have a Relative Strength Index (RSI) of 40.60. Sign up and read the free research report on KMI at:
http://stock-callers.com/registration/?symbol=KMI
Williams Cos.
Shares in Tulsa, Oklahoma headquartered The Williams Cos. Inc. declined 3.01%, ending yesterday's session at $28.00. A total volume of 14.69 million shares was traded, which was above their three months average volume of 9.54 million shares. The stock is trading 4.39% above its 200-day moving average. Moreover, shares of Williams Cos., which operates as an energy infrastructure company primarily in the US, have an RSI of 42.98.
On February 10th, 2017, research firm Deutsche Bank initiated a 'Hold' rating on the Company's stock, with a target price of $32 per share.
On February 21st, 2017, Williams' board of directors approved a regular dividend of $0.30 per share, or $1.20 annualized, on its common stock, payable on March 27th, 2017 to holders of record at the close of business on March 10th, 2017. The new amount is a 50% increase from Williams' previous quarterly dividend of $0.20 per share, paid in December 2016. Williams has paid a common stock dividend every quarter since 1974. The complimentary research report on WMB can be downloaded at:
http://stock-callers.com/registration/?symbol=WMB
Energy Transfer Equity
On Wednesday, Dallas, Texas-based Energy Transfer Equity L.P.'s stock saw a slight drop of 0.68%, to close the day at $18.92. A total volume of 2.94 million shares was traded. The Company's shares have advanced 5.29% in the last one month and 11.14% in the previous three months. The stock is trading 2.74% and 18.87% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Energy Transfer Equity, which provides diversified energy-related services in the US, have an RSI of 52.92.
On February 22nd, 2017, Energy Transfer Equity's net income attributable to partners was $233 million for the three months ended December 31st, 2016, compared to $314 million for the three months ended December 31st, 2015. The Company's distributable cash flow, as adjusted, was $299 million for the three months ended December 31st, 2016, compared to $343 million for the three months ended December 31st, 2015. Register for free on Stock-Callers.com and access the latest report on ETE at:
http://stock-callers.com/registration/?symbol=ETE
MPLX L.P.
Shares in Findlay, Ohio-based MPLX L.P. ended the day 1.70% lower at $38.20 with a total trading volume of 961,157 shares. The stock has gained 7.71% in the last one month, 17.51% in the previous three months, and 11.88% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 7.79% and 17.31%, respectively. Furthermore, shares of MPLX L.P., which owns, operates, develops, and acquires midstream energy infrastructure assets, have an RSI of 59.45.
On February 02nd, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $35 a share to $38 a share.
On February 15th, 2017, MPLX L.P. announced the completion of previously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system. MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75% indirect equity interest in the Bakken Pipeline system from Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P. MPLX funded the contribution with cash on hand. MPLX holds, through a subsidiary, a 25% interest in the joint venture, which equates to an approximate 9.2% indirect equity interest in the Bakken Pipeline system. Get free access to your research report on MPLX at:
http://stock-callers.com/registration/?symbol=MPLX
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Aktien in diesem Artikel
Energy Transfer Equity LP Partnership Units | 19,86 | 2,27% | |
Kinder Morgan Inc (P) | 26,44 | -0,23% | |
MPLX LP. Partnership Units | 51,66 | 2,24% | |
Williams Companies Inc. | 54,82 | -0,24% |