NEW YORK, September 6, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on the following equities: Williams Partners L.P. (NYSE: WPZ), Enbridge Energy Partners L.P. (NYSE: EEP), Frank's International N.V. (NYSE: FI), and Magellan Midstream Partners L.P. (NYSE: MMP). These stocks belong in the Oil and Gas Pipelines segment which is composed of contractors involved in the construction of O&G pipelines, mains, pumping stations, refineries, and storage tanks. Learn more about these stocks by downloading their free report at:
Last Friday, shares in Tulsa, Oklahoma-based Williams Partners L.P. ended the session 1.58% higher at $38.47. The stock recorded a trading volume of 972,964 shares. The Company's shares have advanced 6.95% in the last month, 12.86% in the previous three months, and 52.36% since the start of this year. The stock is trading 7.85% above its 50-day moving average and 45.80% above its 200-day moving average. Moreover, shares of Williams Partners, which operates as an energy infrastructure company, have a Relative Strength Index (RSI) of 63.67.
On September 1st, 2016, Williams Partners announced that its wholly owned subsidiary Transcontinental Gas Pipe Line Co, LLC has filed an application with the Federal Energy Regulatory Commission seeking authorization to construct a 475,000 dekatherm per day (Dth/d) expansion in Texas and Louisiana to connect U.S. natural gas supplies with global liquefied natural gas markets. Constructed in two phases, the Gulf Connector Project is designed to deliver 75,000 Dth/d to Freeport LNG Development, L.P.'s liquefaction project by Q2 2018, and 400,000 Dth/d to Cheniere Energy's Corpus Christi liquefaction terminal in 2019. The free research report on WPZ is available at:
Enbridge Energy Partners
Houston, Texas headquartered Enbridge Energy Partners L.P.'s shares gained 2.65%, to close the day at $24.00. The stock recorded a trading volume of 591,608 shares. The Company's shares have advanced 2.21% in the past month, 8.97% over the previous three months, and 13.55% on an YTD basis. The stock is trading 2.85% and 20.01% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Enbridge Energy Partners, which owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the US, have an RSI of 54.36.
On September 1st, 2016, the company announced that its affiliate will be withdrawing regulatory applications pending with the Minnesota Public Utilities Commission for the Sandpiper Pipeline Project. The company has completed a review of Sandpiper and concluded that the project should be delayed until such time as crude oil production in North Dakota recovers sufficiently to support development of new pipeline capacity. The complimentary report on EEP can be downloaded at:
Shares in Amsterdam, the Netherlands headquartered Frank's International N.V. recorded a trading volume of 728,233 shares at the close of the last trading session. The stock ended the day 1.12% higher at $11.70. The Company's shares are trading below their 50-day moving average by 12.48%. Furthermore, shares of Frank's International, which provides various engineered tubular services for the oil and gas exploration and production companies in the US and internationally, have an RSI of 38.19. Visit us today and download our complete research report on FI for free at:
Magellan Midstream Partners
Tulsa, Oklahoma headquartered Magellan Midstream Partners L.P.'s shares finished Friday's session 0.40% higher at $70.81 and with a total volume of 387,081 shares traded. The stock has advanced 1.88% in the last one month and 8.00% on an YTD basis. The Company's shares are trading above their 200-day moving average by 5.69%. Furthermore, shares of Magellan Midstream Partners, which engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the US, have an RSI of 50.53.
On August 2nd, 2016, the company reported net income of $187.9 million for Q2 2016 compared to $177.4 million for Q2 2015. The company's distributable cash flow was $221.0 million for Q2 2016 compared to $222.8 million for Q2 2015. Diluted net income per unit excluding mark-to-market commodity-related pricing adjustments, a non-GAAP financial measure, was $0.82 for Q2 2016, exceeding the $0.72 guidance provided by management in early May, primarily due to timing of operating expenses and higher value of product overages.
On August 18th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'. Get free access to your technical report on MMP at:
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