Technical Research on Gas Utilities Equities -- ONEOK, Clean Energy Fuels, CenterPoint Energy, and National Grid
24 Aug, 2017, 06:00 ET
NEW YORK, August 24, 2017 /PRNewswire/ --
If you want a Stock Review on OKE, CLNE, CNP, or NGG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Being the low-beta sector, Utilities is relatively protected from large swings in the stock market, and is thus considered a defensive investment or one that is unaffected by economic cycles and politics. Additionally, utilities offer solid dividend payouts and excellent capital appreciation over the longer term. This morning, DailyStockTracker.com recalls the most recent performances of ONEOK Inc. (NYSE: OKE), Clean Energy Fuels Corp. (NASDAQ: CLNE), CenterPoint Energy Inc. (NYSE: CNP), and National Grid PLC (NYSE: NGG). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
On Wednesday, shares in Tulsa, Oklahoma headquartered ONEOK Inc. recorded a trading volume of 3.06 million shares. The stock ended the day at $53.34, rising 0.85% from the last trading session. The Company's shares have advanced 1.06% in the previous three months. The stock is trading above its 50-day moving average by 2.08%. Furthermore, shares of ONEOK, which engages in the gathering, processing, storage, and transportation of natural gas in the US, have a Relative Strength Index (RSI) of 55.04.
On July 31st, 2017, ONEOK announced plans to expand its Canadian Valley natural gas processing facility in the STACK play of western Oklahoma to 400 million cubic feet per day (MMcf/d) from 200 MMcf/d to support increasing production growth. The Canadian Valley II project in Canadian County, Oklahoma is anticipated to be completed by the end of 2018. The expansion and related infrastructure is expected to cost approximately $155 million to $165 million. Sign up and read the free research report on OKE at:
Clean Energy Fuels
Newport Beach, California headquartered Clean Energy Fuels Corp.'s stock rose 1.33%, finishing yesterday's session at $2.28 with a total trading volume of 446,047 shares. The Company's shares are trading below their 50-day moving average by 11.32%. Shares of the Company, which provide natural gas as an alternative fuel for vehicle fleets in the US and Canada, have an RSI of 35.03.
On August 02nd, 2017, Clean Energy Fuels announced that Dallas Area Rapid Transit (DART), one of the US largest transit agencies to move away from diesel to natural gas, has extended the Company's operation and maintenance contract for an additional four years. The Company services DART's four compressed natural gas facilities, supporting 537 buses and 123 shuttles and paratransit vehicles. These stations are anticipated to dispense approximately 40 million gasoline gallon equivalents over the contract period. The complimentary research report on CLNE can be downloaded at:
Shares in Houston, Texas-based CenterPoint Energy Inc. ended the session 0.75% higher at $29.73. The stock recorded a trading volume of 1.61 million shares. The Company's shares have gained 6.48% in the last one month, 6.29% over the previous three months, and 20.66% on an YTD basis. The stock is trading 5.40% above its 50-day moving average and 10.79% above its 200-day moving average. Moreover, shares of CenterPoint Energy, which operates as a public utility holding company in the US, have an RSI of 72.42.
On August 10th, 2017, CenterPoint Energy announced the closing of its offering of $500 million aggregate principal amount of its 2.50% senior notes due September 01st, 2022. Net proceeds will be for general corporate purposes, including the repayment of a portion of its outstanding commercial paper.
On August 14th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for free on DailyStockTracker.com and access the latest report on CNP at:
At the closing bell on Wednesday, London, the UK headquartered National Grid PLC's stock declined 0.02%, finishing at $63.28. A total volume of 267,462 shares was traded. The Company's shares have gained 2.39% in the last month and 7.94% on an YTD basis. The stock is trading 0.36% and 1.71% above its 50-day and 200-day moving averages, respectively. Additionally, shares of National Grid, which transmits and distributes electricity and natural gas, have an RSI of 50.59.
On August 01st, 2017, research firm Berenberg upgraded the Company's stock rating from 'Hold' to 'Buy'. Get free access to your research report on NGG at:
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