Oil and Gas Storage and Transportation Stocks Technical Review -- Enterprise Products Partners, ONEOK, Kinder Morgan Energy Partners, Enbridge, and Scorpio Tankers Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 28, 2014 /PRNewswire/ --
On Wednesday, August 27, 2014, the NASDAQ Composite ended at 4,569.62, down 0.02%, the Dow Jones Industrial Average finished the day 0.09% higher at 17,122.01, and the S&P 500 closed flat at 2,000.12. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 712.59, down 0.10%, while the index has advanced 3.50% in the previous three months. Investor-Edge has initiated coverage on the following equities: Enterprise Products Partners L.P. (NYSE: EPD), ONEOK Inc. (NYSE: OKE), Kinder Morgan Energy Partners L.P. (NYSE: KMP), Enbridge Inc. (NYSE: ENB), and Scorpio Tankers Inc. (NYSE: STNG). Free research on these five companies can be accessed at:
Enterprise Products Partners L.P.'s stock edged 0.78% higher, to close the day at $40.25. The stock recorded a trading volume of 1.82 million shares, below its three months average volume of 2.13 million shares. The stock oscillated between $39.94 and $40.30 during the session. Over the last three trading sessions and over the past three months, Enterprise Products Partners L.P.'s shares have gained 2.21% and 8.46%, respectively. Further, the stock has advanced 21.42% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $38.49 is above its 200-day moving average of $35.07. Additionally, Enterprise Products Partners L.P. traded at a PE ratio of 27.93 and has a Relative Strength Index (RSI) of 65.54. Sign up and read the free notes on EPD at:
On Wednesday, shares in ONEOK Inc. recorded a trading volume of 0.85 million shares, lower than its three months average volume of 0.97 million shares. The stock ended the day at $68.91, which was 0.69% above its previous day's closing of $68.44, and registered an intraday range of $68.16 and $68.91. Shares of the company traded at a PE ratio of 41.91. ONEOK Inc.'s shares have gained 3.11% in the last one month, 6.34% in the previous three months and 26.59% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $66.22 and $60.27, respectively. Furthermore, shares of ONEOK Inc. have an RSI of 65.38. The complimentary notes on OKE can be downloaded as in PDF format at:
Kinder Morgan Energy Partners L.P.'s stock edged 0.38% lower, to close Wednesday's session at $95.41, after oscillating between $94.41 and $95.84. The stock recorded a trading volume of 4.06 million shares, above its three months average volume of 2.45 million shares. Over the last one month and the previous three months, Kinder Morgan Energy Partners L.P.'s shares have surged 13.10% and 26.14%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 18.29%. The company's stock is trading above its 50-day and 200-day moving averages. Kinder Morgan Energy Partners L.P.'s 50-day moving average of $85.21 is above its 200-day moving average of $79.73. Further, Kinder Morgan Energy Partners L.P.'s stock traded at a PE ratio of 38.43 and has an RSI of 66.28. Register for free on Investor-Edge and access the latest research on KMP at:
Enbridge Inc.'s stock finished Wednesday's session 1.37% higher at $50.38. A total of 0.85 million shares were traded, which was close to its three months average volume of 0.80 million shares. The stock moved between $49.90 and $50.42 during the session. Enbridge Inc.'s shares have advanced 1.10% in the previous three trading sessions and 5.40% in the last three months. Further, the stock has gained 15.34% since the beginning of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $48.71 is greater than its 200-day moving average of $45.50. Enbridge Inc.'s stock has an RSI of 54.65. The complete research on ENB is available for free at:
On Wednesday, shares in Scorpio Tankers Inc. traded between $9.43 and $10.00 before ending the session 4.35% higher at $9.83. The stock reported a trading volume of 4.60 million shares, above its three months average volume of 2.11 million shares. Shares of the company traded at a PE ratio of 48.74. Scorpio Tankers Inc.'s shares have advanced 4.69% in the previous three trading sessions and 8.62% in the last three months. However, the stock has lost 16.62% on YTD basis. The company's stock is trading above its 50-day moving average of $9.60. Moreover, shares of Scorpio Tankers Inc. have an RSI of 46.14. Free in depth research on STNG is available at:
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