NEW YORK, November 18, 2016 /PRNewswire/ --
The Oil and Gas Pipelines industry comprises of contractors that are responsible for the construction of Oil and Gas pipelines, mains, pumping stations, refineries, and storage tanks. These operators often bring in stable fee-based revenues as well as safe and sustainable dividend payouts. Additionally, companies in this category offer liquidity and tax benefits. In today's pre-market research, Stock-Callers.com presents four equities for evaluation: Spectra Energy Corp. (NYSE: SE), QEP Resources Inc. (NYSE: QEP), Energy Transfer Partners L.P. (NYSE: ETP), and Sunoco Logistics Partners L.P. (NYSE: SXL). You can access of our complimentary research reports on these stocks now at:
On Thursday, shares in Houston, Texas headquartered Spectra Energy Corp. recorded a trading volume of 3.34 million shares. The stock ended the day 1.19% higher at $40.80. Shares of the Company are trading at a PE ratio of 91.69. Spectra Energy's stock has gained 13.32% in the previous three months and 55.66% in the past one year. The stock is trading above its 200-day moving average by 18.79%. Furthermore, shares of Spectra Energy have a Relative Strength Index (RSI) of 48.58.
On November 02nd 2016, Spectra Energy reported net income of $281 million, including net income from controlling interests of $195 million for Q3 2016 with diluted earnings per share of $0.28. Ongoing distributable cash flow for Q3 2016 was $280 million compared to $223 million in Q3 2015. For Q3 2016, ongoing EBITDA were $692 million compared to $634 million in Q3 2015. Visit us today and download your complete report on SE for free at:
Denver, Colorado headquartered QEP Resources Inc.'s stock fell 2.19%, to close the day at $17.40. The stock recorded a trading volume of 3.97 million shares. QEP Resources' shares have gained 14.40% in the past one year. Shares of the Company are trading 5.00% above its 200-day moving average. Additionally, the stock has an RSI of 52.00.
On November 03rd, 2016 QEP Resources, announced that it has reached an agreement with one of its third-party midstream providers to resolve a commercial dispute and amend the agreement under which the associated gas produced from the Company's South Antelope acreage is purchased, gathered, and processed. The Amendment extends the Existing Gas Purchase Agreement ten years beyond the original term, includes a fixed fee for services and provides for increased capacity. In addition, the parties have agreed to dismiss the arbitration proceedings and release each other from all claims arising under the Existing Gas Purchase Agreement. The complimentary research report on QEP can be accessed at:
Energy Transfer Partners
On Thursday, shares in Dallas, Texas-based Energy Transfer Partners L.P. ended the session 1.51% higher at $38.21 with a total volume of 1.83 million shares traded. Energy Transfer Partners' shares have advanced 7.65% in the previous one month and 5.67% in the past one year. The stock is trading 7.12% above its 50-day moving average and 13.74% above its 200-day moving average. Moreover, shares of the Company have an RSI of 64.16.
On November 08th, 2016, research firm Bernstein upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On November 15th, 2016, Energy Transfer Partners and Sunoco Logistics Partners, L.P announced that in two related court filings made late last night in U.S. federal district court in Washington, D.C., they have sought a judgment declaring that Dakota Access Pipeline has the legal right-of-way to build, complete, and operate the Dakota Access Pipeline without any further action from the Army Corps of Engineers. Register for free on Stock-Callers.com and download the PDF research report on ETP at:
Sunoco Logistics Partners
Newtown Square, Pennsylvania-based Sunoco Logistics Partners L.P.'s stock finished Thursday's session 0.30% higher at $26.88 with a total volume of 969,760 shares traded. The stock has advanced 0.20% in the past one month. Shares of the Company are trading at a PE ratio of 103.78. The Company's shares are trading above its 50-day and 200-day moving averages by 0.22% and 2.79%, respectively. Sunoco Logistics Partners' stock has an RSI of 54.91.
On November 08th, 2016, research firm Bernstein upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On November 09th 2016, the company announced a strategic joint venture with ExxonMobil in which the companies will form Permian Express Partners LLC to combine certain of their key crude oil logistics assets. Sunoco Logistics will contribute its Permian Express 1, Permian Express 2, and Permian Longview and Louisiana Access pipelines. Concurrent with the transaction, ExxonMobil and its affiliates will enter into a preferred provider agreement with the joint venture. Sunoco Logistics will be the majority owner and operator of the joint-venture's assets. Get free access to your research report on SXL at:
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