NEW YORK, January 5, 2017 /PRNewswire/ --
Credit-rating firm Moody's has a negative outlook for the Oil and Gas Refining and Marketing sector this 2017, saying that gasoline and distillate inventories would remain above their five-year averages, with uneven declines in refinery utilization in the US. Additionally, growth in the US and China is expected to slow on the demand side, while growth in Europe is expected to decline. As a result, EBITDA will drop by 10% to 15% through the middle of this year in North America and Europe amid weak crack spreads. This morning, Stock-Callers.com presents four equities for assessment which are: Ferrellgas Partners L.P. (NYSE: FGP), Delek US Holdings Inc. (NYSE: DK), CVR Energy Inc. (NYSE: CVI), and Sunoco L.P. (NYSE: SUN). Register now and get full and free access to our downloadable research reports on these stocks at:
Overland Park, Kansas headquartered Ferrellgas Partners L.P.'s stock finished Wednesday's session 4.97% higher at $7.81. A total volume of 1.61 million shares was traded, which was above their three months average volume of 1.17 million shares. The Company's shares have advanced 40.47% in the past month and 15.36% since the start of this year. The stock is trading 7.91% above its 50-day moving average. Additionally, shares of Ferrellgas Partners, which distributes and sells propane and related equipment and supplies primarily in the US, have a Relative Strength Index (RSI) of 65.38.
On December 09th, 2016, Ferrellgas Partners reported a net loss attributed to Ferrellgas Partners, L.P. of $43.1 million for Q1 FY17 compared to a net loss of $79.8 million for Q1 FY16. The Company's adjusted EBITDA was $29.0 million compared to $48.9 million in the prior year's same period.
On December 12th, 2016, research firm UBS reiterated its 'Sell' rating on the Company's stock with an increase of the target price from $5 a share to $6 a share. Access our complete research report on FGP for free at:
On Wednesday, shares in Brentwood, Tennessee headquartered Delek US Holdings Inc. recorded a trading volume of 1.42 million shares, which was higher than their three months average volume of 947,010 shares. The stock ended the session 0.99% lower at $25.02. The Company's shares have advanced 17.80% in the last one month, 43.42% in the previous three months, and 3.95% on an YTD basis. The stock is trading 23.04% above its 50-day moving average and 54.68% above its 200-day moving average. Moreover, shares of Delek US Holdings, which operates as an integrated energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses, have an RSI of 68.42.
On December 08th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On January 03rd, 2017, Delek announced that it will acquire all of the outstanding shares of Alon USA Energy's common stock which it does not already own in an all-stock transaction. Based on a closing price of $24.07 per share for Delek's common stock on December 30th, 2016, the implied price for Alon's common stock is $12.13 per share, or $464 million in equity value for the remaining shares. The complimentary research report on DK can be downloaded at:
Shares in Sugar Land, Texas headquartered CVR Energy Inc. closed the day 0.24% higher at $24.90. The stock recorded a trading volume of 677,555 shares. The Company's shares have surged 48.66% in the last month and 84.18% over the previous three months. The stock is trading 36.83% and 45.98% above its 50-day and 200-day moving averages, respectively. Additionally, shares of CVR Energy, which through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the US, have an RSI of 72.18. Register for free on Stock-Callers.com and get access to the latest PDF format report on CVI at:
At the close, shares in Dallas, Texas-based Sunoco L.P. finished 1.67% higher at $27.45. The stock recorded a trading volume of 990,897 shares. The Company's shares have advanced 12.00% in the last one month and 2.08% on an YTD basis. The stock is trading above its 50-day moving average by 9.03%. Furthermore, shares of Sunoco, which engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii, have an RSI of 61.72.
On December 21st, 2016, Sunoco announced that it has amended certain key items of its $1.5 billion Revolving Credit Facility and $2.0 billion Term Loan Agreement to provide temporary covenant relief and financial flexibility over the upcoming quarters.
On December 22nd, 2016, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform', with a target price of $32 per share. Download your free research report on SUN at:
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