NEW YORK, January 5, 2017 /PRNewswire/ --
Credit-rating firm Moody's has a negative outlook for the Oil and Gas Refining and Marketing sector this 2017, saying that gasoline and distillate inventories would remain above their five-year averages, with uneven declines in refinery utilization in the US. Additionally, growth in the US and China is expected to slow on the demand side, while growth in Europe is expected to decline. As a result, EBITDA will drop by 10% to 15% through the middle of this year in North America and Europe amid weak crack spreads. This morning, Stock-Callers.com presents four equities for assessment which are: Ferrellgas Partners L.P. (NYSE: FGP), Delek US Holdings Inc. (NYSE: DK), CVR Energy Inc. (NYSE: CVI), and Sunoco L.P. (NYSE: SUN). Register now and get full and free access to our downloadable research reports on these stocks at:
Overland Park, Kansas headquartered Ferrellgas Partners L.P.'s stock finished Wednesday's session 4.97% higher at $7.81. A total volume of 1.61 million shares was traded, which was above their three months average volume of 1.17 million shares. The Company's shares have advanced 40.47% in the past month and 15.36% since the start of this year. The stock is trading 7.91% above its 50-day moving average. Additionally, shares of Ferrellgas Partners, which distributes and sells propane and related equipment and supplies primarily in the US, have a Relative Strength Index (RSI) of 65.38.
On December 09th, 2016, Ferrellgas Partners reported a net loss attributed to Ferrellgas Partners, L.P. of $43.1 million for Q1 FY17 compared to a net loss of $79.8 million for Q1 FY16. The Company's adjusted EBITDA was $29.0 million compared to $48.9 million in the prior year's same period.
On December 12th, 2016, research firm UBS reiterated its 'Sell' rating on the Company's stock with an increase of the target price from $5 a share to $6 a share. Access our complete research report on FGP for free at:
On Wednesday, shares in Brentwood, Tennessee headquartered Delek US Holdings Inc. recorded a trading volume of 1.42 million shares, which was higher than their three months average volume of 947,010 shares. The stock ended the session 0.99% lower at $25.02. The Company's shares have advanced 17.80% in the last one month, 43.42% in the previous three months, and 3.95% on an YTD basis. The stock is trading 23.04% above its 50-day moving average and 54.68% above its 200-day moving average. Moreover, shares of Delek US Holdings, which operates as an integrated energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses, have an RSI of 68.42.
On December 08th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On January 03rd, 2017, Delek announced that it will acquire all of the outstanding shares of Alon USA Energy's common stock which it does not already own in an all-stock transaction. Based on a closing price of $24.07 per share for Delek's common stock on December 30th, 2016, the implied price for Alon's common stock is $12.13 per share, or $464 million in equity value for the remaining shares. The complimentary research report on DK can be downloaded at:
Shares in Sugar Land, Texas headquartered CVR Energy Inc. closed the day 0.24% higher at $24.90. The stock recorded a trading volume of 677,555 shares. The Company's shares have surged 48.66% in the last month and 84.18% over the previous three months. The stock is trading 36.83% and 45.98% above its 50-day and 200-day moving averages, respectively. Additionally, shares of CVR Energy, which through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the US, have an RSI of 72.18. Register for free on Stock-Callers.com and get access to the latest PDF format report on CVI at:
At the close, shares in Dallas, Texas-based Sunoco L.P. finished 1.67% higher at $27.45. The stock recorded a trading volume of 990,897 shares. The Company's shares have advanced 12.00% in the last one month and 2.08% on an YTD basis. The stock is trading above its 50-day moving average by 9.03%. Furthermore, shares of Sunoco, which engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii, have an RSI of 61.72.
On December 21st, 2016, Sunoco announced that it has amended certain key items of its $1.5 billion Revolving Credit Facility and $2.0 billion Term Loan Agreement to provide temporary covenant relief and financial flexibility over the upcoming quarters.
On December 22nd, 2016, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform', with a target price of $32 per share. Download your free research report on SUN at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA