NEW YORK, August 9, 2017 /PRNewswire/ --
If you want a Stock Review on RMP, SEMG, SEP, or WES then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Pre-market, DailyStockTracker.com explores the Oil and Gas Pipelines space, which according to an IBISWorld report, is projected to experience strong demand looking forward, as new natural gas resources require existing pipelines to reach capacity. Equities under assessment this morning are: Rice Midstream Partners L.P. (NYSE: RMP), SemGroup Corp. (NYSE: SEMG), Spectra Energy Partners L.P. (NYSE: SEP), and Western Gas Partners L.P. (NYSE: WES). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
Rice Midstream Partners
Canonsburg, Pennsylvania headquartered Rice Midstream Partners L.P.'s stock finished Tuesday's session 1.14% lower at $20.02 with a total trading volume of 430,210 shares. The Company's shares have advanced 0.10% in the past month. The stock is trading 6.30% below its 50-day moving average. Additionally, shares of Rice Midstream Partners, which owns, operates, develops, and acquires midstream assets in the Appalachian Basin, have a Relative Strength Index (RSI) of 33.86.
On July 17th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On July 21st, 2017, Rice Midstream Partners announced that the Board of Directors of its general partner has approved a cash distribution of $0.2711 per unit for the second quarter of 2017, an increase of $0.0103 per unit, or 4%, above Q1 2017 distribution. The distribution is payable on August 17th, 2017, to unit-holders of record on August 08th, 2017. RMP complete research report is just a click away at:
On Tuesday, shares in Tulsa, Oklahoma headquartered SemGroup Corp. recorded a trading volume of 1.09 million shares, which was above their three months average volume of 1.02 million shares. The stock ended the session 2.18% lower at $24.70. The Company's shares are trading 7.73% below their 50-day moving average. Moreover, shares of SemGroup, which provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants, have an RSI of 36.04.
On July 17th, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On July 17th, 2017, SemGroup announced the closing of its acquisition of Houston Fuel Oil Terminal Company ("HFOTCO") from investment funds managed by Alinda Capital Partners. HFOTCO, one of the largest oil terminals in the US, establishes SemGroup's position in the premier energy market and the Houston Ship Channel, and provides a strategic platform to refinery-facing growth. The complimentary report on SEMG can be downloaded at:
Spectra Energy Partners
Houston, Texas-based Spectra Energy Partners L.P.'s shares closed the day 2.01% lower at $44.78. The stock recorded a trading volume of 435,564 shares, which was higher than its three months average volume of 410,030 shares. The Company's shares have gained 1.89% in the last month and 1.36% over the previous three months. The stock is trading 2.50% and 1.63% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Spectra Energy Partners, which operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the US, have an RSI of 49.99.
On August 02nd, 2017, Spectra Energy Partners announced that the Board of Directors of the general partner of its general partner declared a quarterly cash distribution to unit-holders of $0.71375 per unit, an increase of 1.25 cents over the previous level of $0.70125 per unit. The cash distribution is payable on August 29th, 2017, to unit-holders of record at the close of business on August 15th, 2017. This quarterly cash distribution equates to $2.855 per unit on an annual basis. Sign up for your complimentary report on SEP at:
Western Gas Partners
Shares in The Woodlands, Texas headquartered Western Gas Partners L.P. finished 1.88% lower at $50.19. The stock recorded a trading volume of 338,168 shares. The Company's shares are trading below their 50-day moving average by 7.85%. Furthermore, shares of Western Gas Partners, which acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas, have an RSI of 28.65.
On July 25th, 2017, Western Gas Partners announced Q2 2017 financial and operating results. Net income for the quarter totaled $82.9 million, adjusted EBITDA was $274.8 million, and distributable cash flow was $247.2 million. Capital expenditures attributable to the Company, including equity investments but excluding acquisitions, totaled $133.6 million on a cash basis and $148.2 million on an accrual basis during Q2 2017, with maintenance capital expenditures on a cash basis of $11.4 million. Download the research report for free on WES at:
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