NEW YORK, June 2, 2017 /PRNewswire/ --
Stock-Callers.com observes the most recent performances of the following Oil and Gas Pipelines stocks: Energy Transfer Partners L.P. (NYSE: ETP), Plains All American Pipeline L.P. (NYSE: PAA), and Genesis Energy L.P. (NYSE: GEL). These companies are a part of the Basic Materials sector, which has received a rating of "Market Perform" from Charles Schwab on May 25th, 2017 due to increased demand for raw materials, a more accommodative monetary policy, and a reduction in austerity programs. Sign up today and download for free the research reports for the stocks covered today at:
Energy Transfer Partners
Dallas, Texas-based Energy Transfer Partners L.P.'s stock finished Thursday's session 0.87% higher at $21.95 with a total trading volume of 3.68 million shares. The Company's shares are trading 6.59% below their 50-day moving average. Shares of the Company, which engages in the natural gas midstream, and intrastate transportation and storage businesses in the US, have a Relative Strength Index (RSI) of 34.89.
On May 10th, 2017, research firm Bernstein upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On May 30th, 2017, Energy Transfer Partners announced that Michael J. Hennigan, President, Crude, Liquids and Refined Products, has resigned and will depart the Partnership, effective June 16th, 2017, for another business opportunity. Prior to the recently closed merger of ETP and Sunoco Logistics Partners, L.P. (SXL), Hennigan served as SXL's President and CEO. ETP complete research report is just a click away at:
Plains All American Pipeline
On Thursday, shares in Houston, Texas headquartered Plains All American Pipeline L.P. recorded a trading volume of 1.77 million shares. The stock ended the session 0.30% higher at $26.56. The Company's shares are trading 9.77% below their 50-day moving average. Moreover, shares of Plains All American Pipeline, which through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids, natural gas, and refined products in the US and Canada, have an RSI of 30.68.
On May 08th, 2017, Plains All American Pipeline and Plains GP Holdings reported Q1 2017 results. GAAP net income for the three months ended March 31st, 2017 was $444 million, diluted net income per common unit was $0.58, and distribution per common unit was $0.55. Adjusted net income for the quarter was $224 million, diluted adjusted net income per common unit was $0.27, and adjusted EBITDA was $512 million.
On May 22nd, 2017, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Sign up for your complimentary report on PAA at:
Houston, Texas headquartered Genesis Energy L.P.'s shares closed the day 0.06% lower at $31.17. The stock recorded a trading volume of 285,818 shares. The Company's shares are trading 1.95% below their 50-day moving average. Additionally, shares of Genesis Energy, which operates in the midstream segment of the crude oil and natural gas industry, have an RSI of 42.62.
On May 04th, 2017, Genesis Energy announced its Q1 2017 results. Certain highlights for the quarter ended March 31st, 2017 included net income of $27.1 million, cash flows from operating activities of $64.6 million, available cash before reserves of $93.0 million, and adjusted EBITDA of $131.4 million.
On May 08th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Download the research report for free on GEL at:
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