NEW YORK, October 24, 2016 /PRNewswire/ --
Stock-Callers.com recalls the most recent performances of these four Oil and Gas Pipelines operators: Enbridge Energy Partners L.P. (NYSE: EEP), Frank's International N.V. (NYSE: FI), Magellan Midstream Partners L.P. (NYSE: MMP), and Boardwalk Pipeline Partners L.P. (NYSE: BWP). On Friday, October 21, 2016, Russia reiterated its commitment to join the output freeze, propelling oil prices higher. Brent crude rose 12 cents higher at $51.50 a barrel at 0847 GMT, and WTI crude climbed 2 cents at $50.65 a barrel from its last settlement. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
Enbridge Energy Partners
Houston, Texas headquartered Enbridge Energy Partners L.P.'s shares recorded a trading volume of 1.17 million shares, which was above their three months average volume of 1.03 million shares. The stock finished the trading session 1.28% lower at $25.37. The Company's shares have gained 1.68% in the last one month, 6.82% over the previous three months, and 20.03% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.51% and 22.67%, respectively. Furthermore, shares of Enbridge Energy Partners, which owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the US, have a Relative Strength Index (RSI) of 51.64.
On September 30th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, issuing a target price of $29 per share.
On October 14th, 2016, Enbridge Energy Partners announced that it will host a webcast conference call to discuss its Q3 2016 results on October 31st, 2016 at 10:00 am ET. EEP complete research report is just a click away at: http://stock-callers.com/registration/?symbol=EEP
Last Friday, Amsterdam, the Netherlands headquartered Frank's International N.V.'s stock recorded a trading volume of 521,250 shares, and ended the session at 1.00% higher at $13.07. The Company's shares have gained 4.64% in the last one month. The stock is trading 6.14% above its 50-day moving average. Moreover, 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 57.93.
On September 29th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $14 a share to $12 a share.
On October 07th, 2016, Frank's International announced that it will acquire Blackhawk Group Holdings, Inc., the ultimate parent company of Blackhawk Specialty Tools LLC. The merger consideration comprises a combination of approximately $150 million of cash on hand and approximately 12.8 million shares of Frank's common stock, on a cash-free, debt-free basis (with approximately $80 million of Blackhawk debt being repaid at closing with proceeds from the transaction), subject to adjustment. The complimentary report on FI can be downloaded at: http://stock-callers.com/registration/?symbol=FI
Magellan Midstream Partners
Tulsa, Oklahoma headquartered Magellan Midstream Partners L.P.'s stock ended the day 0.72% lower at $70.41 with a total trading volume of 579,864 shares. The Company's shares have gained 0.21% in the last month and 7.39% on an YTD basis. The stock is trading 0.35% above its 50-day moving average and 2.84% above its 200-day moving average. Additionally, 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 51.01.
On September 30th, 2016, research firm Mizuho initiated a 'Neutral' rating on the Company's stock, issuing a target price of $73 per share.
On October 20th, 2016, Magellan Midstream Partners' board of directors increased the partnership's quarterly cash distribution to $0.83per unit for Q3 2016, representing the 58th distribution increase since its initial public offering in 2001. The distribution is 10% higher than Q3 2015 distribution of $0.76 per unit. The new distribution, which equates to $3.35 per unit on an annualized basis, will be paid on November 14th, 2016 to unit-holders of record at the close of business on October 31st, 2016. Sign up for your complimentary report on MMP at: http://stock-callers.com/registration/?symbol=MMP
Boardwalk Pipeline Partners
Shares in Houston, Texas headquartered Boardwalk Pipeline Partners L.P. recorded a trading volume of 948,073 shares, which was above their three months average volume of 593,990 shares. The stock ended Friday's session 0.71% lower at $16.86. The Company's shares have gained 32.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.48% and 10.33%, respectively. Furthermore, shares of Boardwalk Pipeline Partners, which through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas, and natural gas liquids and other hydrocarbons in the US, have an RSI of 50.86. Download the research report for free on BWP at: http://stock-callers.com/registration/?symbol=BWP
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SOURCE Chelmsford Park SA