Research Reports Coverage on Oil & Gas Stocks -- MPLX L.P., Sunoco Logistics Partners, TransCanada, and SemGroup
NEW YORK, August 26, 2016 /PRNewswire/ --
The Oil and Gas Pipelines industry offers a range of services, such as design, construction, repair, and maintenance, on pipeline infrastructure for downstream energy suppliers. As per IBISWorld, this segment is expected to experience strong demand in the future, as new natural gas resources would require pipelines. Stock-Callers.com reviews today's featured companies: MPLX L.P. (NYSE: MPLX), Sunoco Logistics Partners L.P. (NYSE: SXL), TransCanada Corp. (NYSE: TRP), and SemGroup Corp. (NYSE: SEMG). These stocks research reports can be downloaded now by simply registering for free at: http://stock-callers.com/registration
MPLX L.P.
Findlay, Ohio-based MPLX L.P.'s stock finished Thursday's session 0.30% higher at $33.58 and with a total volume of 762,897 shares traded. The Company's shares have advanced 4.04% in the past month and 5.13% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.86% and 9.76%, respectively. Furthermore, shares of MPLX L.P., which owns, operates, develops, and acquires midstream energy infrastructure assets, have a Relative Strength Index (RSI) of 57.06.
On July 28th, 2016, MPLX L.P reported Q2 2016 net income attributable to the company of $19 million compared to net income of $51 million in Q2 2015. The company also reported Q2 net cash from operating activities of $298 million and distributable cash flow of $285 million.
On August 23rd, 2016, research firm Jefferies initiated a 'Hold' rating on the Company's stock, issuing a target price of $35 per share. Your complete research report on MPLX can be retrieved for free at: http://stock-callers.com/registration/?symbol=MPLX
Sunoco Logistics Partners
On Thursday, shares in Newtown Square, Pennsylvania-based Sunoco Logistics Partners L.P. ended the session at $30.02, down 0.73%. The stock recorded a trading volume of 863,386 shares. The Company's shares have gained 6.51% in the last one month, 8.67% in the previous three months, and 23.49% since the start of this year. The stock is trading 5.62% above its 50-day moving average and 18.57% above its 200-day moving average. Moreover, shares of Sunoco Logistics Partners, which transports, terminals, and stores crude oil, refined products, and natural gas liquids, have an RSI of 54.73.
On August 4th, 2016, Sunoco Logistics Partners reported net income attributable to partners of $202 for the three months ended June 30th, 2016, compared to net income of $276 million for the three months ended June 30th, 2015. Net interest expense was $39 million for the three months ended June 30th, 2016, compared to $31 million for the prior year period.
On August 15th, 2016, research firm Morgan Stanley resumed its 'Equal-Weight' rating on the Company's stock. SXL free report is just a click away at: http://stock-callers.com/registration/?symbol=SXL
TransCanada
Calgary, Canada headquartered TransCanada Corp.'s stock ended yesterday's session 0.17% lower at $46.68 with a total volume of 693,316 shares traded. The Company's shares have advanced 3.48% in the past month, 13.47% over the previous three months, and 46.31% on an YTD basis. The stock is trading 1.61% and 22.17% above its 50-day and 200-day moving averages, respectively. Additionally, shares of TransCanada, which operates as an energy infrastructure company in North America, have an RSI of 50.53.
On August 2nd, 2016, Bloomberg reported that TransCanada is joining with the Mexican company Sierra Oil & Gas to build an $800 million marine terminal and pipeline in the Mexican port of Tuxpan. The project will transport gasoline, diesel and jet fuel to central Mexico. Sign up for your complimentary research report on TRP at: http://stock-callers.com/registration/?symbol=TRP
SemGroup
At the close on Thursday, shares in Tulsa, Oklahoma headquartered SemGroup Corp. recorded a trading volume of 638,990 shares. The stock finished 1.89% higher at $31.24. The Company's shares have gained 6.66% in the last one month, 10.19% in the previous three months, and 8.25% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.55% and 14.71%, respectively. Furthermore, 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 53.02.
On August 17th, 2016, SemCAMS, a subsidiary of SemGroup, announced that it has received Alberta Energy Regulatory approval for its planned 200 mmcf per day sour gas plant, which will provide much needed sour processing options to Montney producers in the Wapiti region of the Western Canadian Sedimentary Basin. The proposed new gas plant, which will be located at 07-35-067-7W6M, has been designed to process up to 200 mmcf per day of raw sour gas and 20,000 barrels per day of condensate.
On August 25th, 2016, research firm Goldman initiated a 'Buy' rating on the Company's stock, issuing a target price of $39 per share. Register for free on Stock-Callers.com and download the latest research report on SEMG at: http://stock-callers.com/registration/?symbol=SEMG
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