NEW YORK, June 16, 2017 /PRNewswire/ --
DailyStockTracker.com assesses these four stocks within the Oil and Gas Pipelines industry: Williams Partners L.P. (NYSE: WPZ), Frank's International N.V. (NYSE: FI), MPLX L.P. (NYSE: MPLX), and ONEOK Partners L.P. (NYSE: OKS). According to a report on IBISWorld, the Oil and Gas Pipelines space, over the past five years, benefited from heavy investment in natural gas and oil infrastructure construction. Looking forward, the industry is projected to experience strong demand, as new natural gas resources require existing pipelines to reach capacity. This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
Tulsa, Oklahoma-based Williams Partners L.P.'s stock finished Thursday's session 0.32% lower at $37.88. A total volume of 2.45 million shares was traded, which was above their three months average volume of 1.05 million shares. The Company's shares are trading below their 200-day moving average by 1.94%. Furthermore, shares of Williams Partners, which operates as an energy infrastructure company, have a Relative Strength Index (RSI) of 33.84.
On June 05th, 2017, Williams Partners announced that it has completed a public offering of $1.45 billion of its 3.750% senior notes due 2027. The Company intends to use the net proceeds of the offering for general partnership purposes, including the repayment of $1.4 billion aggregate principal amount of its 4.875% Senior Notes due 2023 or other of its outstanding indebtedness. Visit us today and access our complete research report on WPZ at:
Shares in Amsterdam, the Netherlands headquartered Frank's International N.V. ended at $8.21, down 0.61% from the last trading session. The stock recorded a trading volume of 1.11 million shares, which was above its three months average volume of 1.02 million shares. The Company's shares have gained 0.24% in the last month. The stock is trading 6.23% below 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 48.40.
On June 07th, 2017, Frank's International announced that its Board of Supervisory Directors has named Kyle McClure as Senior Vice President and CFO, effective June 05th, 2017. Mr. McClure previously served as the Company's Senior Vice President of Finance and Treasurer since March 2015, with responsibility for global treasury, insurance, investor relations, and financial planning and analysis. The complimentary report on FI can be downloaded at:
Findlay, Ohio-based MPLX L.P.'s stock ended yesterday's session 0.51% lower at $33.01. A total volume of 2.09 million shares was traded, which was above their three months average volume of 1.42 million shares. The Company's shares are trading 4.47% below their 200-day moving average. Additionally, shares of MPLX, which owns, operates, develops, and acquires midstream energy infrastructure assets, have an RSI of 38.81.
On May 30th, 2017, MPLX, formed by Marathon Petroleum Corp. (MPC), announced that MPC Chairman, President and CEO Gary R. Heminger reported changes to the Company's executive team. Donald C. Templin, president of the general partner of MPLX, has been named president, Marathon Petroleum Corp., effective July 01st, 2017. Templin will continue to serve as a member of the board of directors of the general partner of MPLX. He will also continue to report to Heminger in his new role, and be located in Findlay. Register for free on DailyStockTracker.com and access the latest research report on MPLX at:
On Thursday, shares in Tulsa, Oklahoma headquartered ONEOK Partners L.P. recorded a trading volume of 1.06 million shares, which was above their three months average volume of 938,190 shares. The stock finished 0.40% higher at $48.09. The Company's shares have advanced 11.81% since the start of this year. The stock is trading above its 200-day moving average by 4.07%. Furthermore, shares of ONEOK Partners, which engages in the gathering, processing, storage, and transportation of natural gas in the US, have an RSI of 40.84.
On June 12th, 2017, ONEOK, Inc., the general partner of ONEOK Partners, announced that the Company will redeem all of its outstanding 6.5% senior notes due 2028 for approximately $87 million, the outstanding aggregate principal amount of the notes. The Company will redeem the notes on July 12th, 2017, using cash on hand, at a redemption price equal to the principal amount, plus accrued and unpaid interest, in accordance with the indenture governing the notes. Get free access to your research report on OKS at:
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