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
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