Morning Research on ONEOK, EQT Corp., Clean Energy Fuels, and Questar
LONDON, April 16, 2013 /PRNewswire/ --
Natural gas prices fell to record low levels in 2012, thanks mainly to the shale boom in the U.S. The sharp drop in natural gas prices boosted demand, benefiting gas utilities such as ONEOK Inc. (NYSE: OKE), EQT Corporation (NYSE: EQT), Clean Energy Fuels Corp. (NASDAQ: CLNE), and Questar Corporation (NYSE: STR). Gas utilities, however, face significant challenges ahead as recent economic data suggests that the recovery in the U.S. economy has stalled. Gas utilities will be also hoping for a return to normal weather pattern. Gas utilities ended mostly lower in Monday's trading session, tracking losses in the broad market. StockCall has posted free technical research reports on OKE, EQT, CLNE, and STR and these can be accessed by signing up at
http://www.stockcall.com/analysis
ONEOK Inc.'s shares were among the major losers in the S&P 500 on Monday. The stock closed 1.76% lower at $48.53 on above average volume of 1.69 million. The company's shares traded between $48.52 and $49.78 yesterday. The stock is currently trading close to its 52-week high of $49.79. The company's shares have had an excellent run so far in 2013, gaining more than 14.30%. The stock is still trading above its 50-day and 200-day moving averages. However, the stock's MACD chart suggests that market sentiment has turned bearish. Download the free report on OKE upon registration at
http://www.StockCall.com/OKE041613.pdf
EQT Corporation's shares were among the major losers in the utilities sector on Monday. The stock closed 4.82% lower at $65.59 on above average volume of 2.05 million, taking its losses in the last three trading sessions to over 6.20%. Despite the recent losses, EQT's shares are still up more than 11.20% for the year, outperforming the S&P 500, which has gained more than 8.80% in the same period. Shares of EQT are currently trading nearly 7% below their 52-week high. The stock's MACD recently crossed below the signal line, which is a bearish signal. EQT technical report can be accessed for free by signing up at
http://www.StockCall.com/EQT041613.pdf
Shares of Clean Energy Fuels Corp. also tumbled yesterday, extending their losses from the previous trading sessions. The stock ended the day 5.73% lower at $12.02 on above average volume of 1.69 million. It has now fallen more than 7% in the last three sessions. The company's shares are currently trading well below their 50-day and 200-day moving averages, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Clean Energy Fuels' shares currently have support at around $12. The free report on CLNE can be downloaded by signing up now at
http://www.StockCall.com/CLNE041613.pdf
Another major loser in the utilities sector on Monday was Questar Corporation. Shares of the Salt Lake City, Utah-based gas utility fell 3.56% to finish the day at $24.10 on above average volume of 1.38 million. Questar's shares have fallen more than 4% in the last three trading sessions. Despite the recent losses, the stock is still up more than 22.80% for the year, outperforming the broad market. Shares of STR are currently trading nearly 4.70% below their 52-week high. The stock is still trading above its 50-day and 200-day moving averages. Free report on STR can be accessed by registering at
http://www.StockCall.com/STR041613.pdf
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