NEW YORK, August 2, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes a look at the Oil & Gas Refining & Marketing space, which continues to grapple with lower oil prices, market instability, and a global supply glut. Equities in focus are Alon USA Energy Inc. (NYSE: ALJ), Calumet Specialty Products Partners L.P. (NASDAQ: CLMT), Phillips 66 Partners L.P. (NYSE: PSXP), and Renewable Energy Group Inc. (NASDAQ: REGI). These stocks research reports can be downloaded now by simply registering for free at:
Alon USA Energy
Dallas, Texas headquartered Alon USA Energy Inc.'s stock finished Monday's session 5.66% lower at $6.67. A total volume of 1.81 million shares traded, which was above their three months average volume of 1.43 million shares. The Company's shares have advanced 2.93% in the past month. The stock is trading 3.85% below its 50-day moving average. Additionally, shares of Alon USA Energy, which refines and markets petroleum products, primarily in the South Central, Southwestern, and Western regions of the U.S., have a Relative Strength Index (RSI) of 47.39.
On July 28th, 2016, Alon USA Energy announced that the net loss available to stockholders for Q2 2016 was $(20.4) million, or $(0.29) per share, compared to net income available to stockholders of $36.4 million, or $0.52 per share, for the same period last year. Excluding special items, the company recorded net loss available to stockholders of $(14.9) million, or $(0.21) per share, for Q2 2016, compared to net income available to stockholders of $46.4 million, or $0.67 per share, for the same period last year. Your complete research report on ALJ can be retrieved for free at:
Calumet Specialty Products Partners
On Monday, shares in Indianapolis, Indiana headquartered Calumet Specialty Products Partners L.P. recorded a trading volume of 327,038 shares. The stock ended the session 4.46% lower at $4.50. The Company's shares have advanced 4.65% in the previous three months. The stock is trading 2.61% below its 50-day moving average. Moreover, shares of Calumet Specialty Products Partners, which produces and sells specialty hydrocarbon products in North America, have an RSI of 45.17.
On June 28th, 2016, Calumet Specialty Products Partners announced the sale of its 50% equity interest in Dakota Prairie Refining, LLC ("DPR") to joint venture partner WBI Energy, Inc. ("WBI"), a wholly-owned subsidiary of MDU Resources Group, Inc. Under the terms of the definitive agreement with WBI, Calumet will receive consideration of $28.5 million and will be released from all financial, commercial and environmental obligations associated with DPR, including certain debt obligations of DPR that currently total approximately $66 million. CLMT free report is just a click away at:
Phillips 66 Partners
Shares in Houston, Texas headquartered Phillips 66 Partners L.P. closed the day 1.33% lower at $52.79. The stock recorded a trading volume of 339,260 shares. The Company's shares are trading 2.53% below their 50-day moving average. Additionally, shares of Phillips 66 Partners, which owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation and midstream assets in the U.S., have an RSI of 38.28.
On July 29th, 2016, Phillips 66 Partners announced Q2 2016 earnings of $67.5 million, or $0.51 per common unit. The company's cash from operations was $94.6 million, distributable cash flow was $84.4 million, and adjusted EBITDA was $97.3 million. Phillips 66 Partners' total revenues and other income for Q2 2016 were $140 million compared to $126 million in Q1 2016. Sign up for your complimentary research report on PSXP at:
Renewable Energy Group
At the close, shares in Ames, Iowa headquartered Renewable Energy Group Inc. ended the day at $9.45, which was a drop of 3.08% from its previous close. The stock recorded a trading volume of 701,061 shares, which was above its three months average volume of 676,470 shares. The Company's shares have advanced 7.02% in the last one month and 1.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.64% and 11.68%, respectively. Furthermore, shares of Renewable Energy Group, which produces and sells biofuels and renewable chemicals in the U.S., have an RSI of 59.01.
On July 15th, 2016, Renewable Energy Group announced that it will release financial results for Q2 after the market close on August 4th, 2016. An investor conference call will follow at 4:30 p.m. EDT. Register for free on Stock-Callers.com and download the latest research report on REGI at:
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