NEW YORK, August 30, 2017 /PRNewswire/ --
If you want a Stock Review on ETE, FI, MPLX, or WPZ then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Oil and Gas Pipelines are an essential part of hydrocarbon transportation and distribution, and are required to ensure the smooth operation of the Energy industry. According to Visiongain's Onshore Oil and Gas Pipeline Market 2017-2027 report, onshore oil and gas pipeline infrastructure will experience CAPEX of $70.7 billion this year. Ahead of today's trading session, DailyStockTracker.com presents for review the following equities: Energy Transfer Equity L.P. (NYSE: ETE), Frank's International N.V. (NYSE: FI), MPLX L.P. (NYSE: MPLX), and Williams Partners L.P. (NYSE: WPZ). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at: http://dailystocktracker.com/register/
Energy Transfer Equity
On Tuesday, shares in Dallas, Texas-based Energy Transfer Equity L.P. recorded a trading volume of 1.10 million shares. The stock ended the day at $16.91, up 0.30% from the last trading session. The Company's shares are trading below their 50-day moving average by 2.00%. Furthermore, shares of the Company, which provides diversified energy-related services in the US, have a Relative Strength Index (RSI) of 45.94.
On August 08th, 2017, Energy Transfer Equity reported financial results for the quarter ended June 30th, 2017. For Q2 2017, net income was $212 million; and distributable cash flow, as adjusted, was $240 million. As of June 30th, 2017, the Company's $1.5-billion revolving credit facility had $1.20 billion of outstanding borrowings, and its leverage ratio, as defined by the credit agreement, was 3.81x. Sign up and read the free research report on ETE at: http://dailystocktracker.com/registration/?symbol=ETE
Amsterdam, the Netherlands headquartered Frank's International N.V.'s stock climbed 0.47%, finishing yesterday's session at $6.43. A total volume of 1.34 million shares was traded, which was above their three months average volume of 1.32 million shares. The Company's shares are trading below their 50-day moving average by 16.21%. Additionally, shares of Frank's International, which provides various engineered tubular services for the oil and gas exploration and production companies in the US and internationally, have an RSI of 34.01.
On August 07th, 2017, Frank's International announced Q2 2017 results. For the quarter, revenue was $117.7 million; net loss was $26.0 million; adjusted EBITDA was $3.6 million and cash flow from operations was $2.0 million. Net capital expenditures were $3.5 million for Q2 2017. Additionally, the Company's consolidated cash balance was $275.0 million at June 30th, 2017.
On August 25th, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Underperform' to 'Outperform' while revising its previous target price from $9 a share to $10 a share. The complimentary research report on FI can be downloaded at: http://dailystocktracker.com/registration/?symbol=FI
Shares in Findlay, Ohio-based MPLX L.P. ended the session 0.71% higher at $33.84. The stock recorded a trading volume of 651,997 shares. The Company's shares have gained 2.39% over the previous three months. The stock is trading 0.78% below its 50-day moving average. Moreover, shares of MPLX, which owns, operates, develops, and acquires midstream energy infrastructure assets, have an RSI of 50.03.
On August 04th, 2017, MPLX announced that C. Corwin "Cory" Bromley, Executive Vice President And General Counsel, has elected to retire, effective January 01st, 2018, after a 33-year legal career in the Energy, Minerals, and Construction industries. Bromley joined the Company in 2015, at the time of its strategic combination with MarkWest Energy Partners, L.P. He joined MarkWest as General Counsel in 2004. Register for free on DailyStockTracker.com and access the latest report on MPLX at: http://dailystocktracker.com/registration/?symbol=MPLX
At the closing bell on Tuesday, Tulsa, Oklahoma-based Williams Partners L.P.'s stock rose 0.48%, finishing at $38.07. A total volume of 658,955 shares was traded. The Company's shares have gained 0.11% on an YTD basis. The stock is trading 3.14% below its 200-day moving average. Additionally, shares of Williams Partners, which operates as an energy infrastructure company, have an RSI of 39.19.
On August 01st, 2017, Williams Partners and Southern Company Gas, a wholly owned subsidiary of Atlanta-based Southern Company, announced that they have successfully placed into service their Dalton Expansion Project to provide additional reliable natural gas service to utility companies, a power company, and a municipal entity in northwest Georgia. The project added 115 miles of new steel pipe, extending from Coweta County, Ga. to new delivery points in Paulding and Murray Counties, Georgia. Get free access to your research report on WPZ at: http://dailystocktracker.com/registration/?symbol=WPZ
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://dailystocktracker.com/disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.