Technical Research on Oil and Gas Equities -- Energy Transfer Partners, QEP Resources, TransCanada, and Williams Cos.
17 Aug, 2017, 06:00 ET
NEW YORK, August 17, 2017 /PRNewswire/ --
If you want a Stock Review on ETP, QEP, TRP, or WMB then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Today's research on DailyStockTracker.com is focused on the Oil and Gas Pipelines industry, which transports oil and natural gas from the upstream petroleum sector to downstream distribution networks. Equities to assess this morning are: Energy Transfer Partners L.P. (NYSE: ETP), QEP Resources Inc. (NYSE: QEP), TransCanada Corp. (NYSE: TRP), and The Williams Cos. Inc. (NYSE: WMB). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Energy Transfer Partners
On Wednesday, shares in Dallas, Texas-based Energy Transfer Partners L.P. recorded a trading volume of 10.76 million shares, which was higher than their three months average volume of 6.21 million shares. The stock ended the day at $18.37, declining 1.34% from the last trading session. The Company's shares are trading below their 50-day moving average by 8.67%. Furthermore, shares of Energy Transfer Partners, which engages in the natural gas midstream, and intrastate transportation and storage businesses in the US, have a Relative Strength Index (RSI) of 34.09.
On August 14th, 2017, Energy Transfer Partners announced that it has priced its previously announced underwritten public offering of 54,000,000 common units, representing limited partner interests at $18.65 per common unit. Net proceeds from the offering will be used by the Company to repay amounts outstanding under its revolving credit facilities, to fund capital expenditures, and for general partnership purposes. The offering is scheduled to close on August 18th, 2017. Sign up and read the free research report on ETP at:
Denver, Colorado headquartered QEP Resources Inc.'s stock saw a decline of 2.74%, finishing yesterday's session at $7.09. A total volume of 5.73 million shares was traded, which was above their three months average volume of 5.66 million shares. The Company's shares are trading below their 50-day moving average by 21.35%. Additionally, shares of QEP Resources, which through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the US, have an RSI of 33.30.
On July 26th, 2017, QEP Resources reported Q2 2017 financial and operating results. Oil equivalent production for Q2 2017 was 13,860.6 Mboe, lease operating expense was $5.05 per Boe, net income was $45.4 million, and adjusted EBITDA was $177.2 million. Cash and cash equivalents were $178.8 million at the end of the quarter, and the Company had no borrowings under its unsecured revolving credit facility.
On July 28th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. The complimentary research report on QEP can be downloaded at:
Shares in Calgary, Canada headquartered TransCanada Corp. ended the session 0.06% higher at $49.29. The stock recorded a trading volume of 633,429 shares. The Company's shares have gained 8.45% over the previous three months and 9.17% on an YTD basis. The stock is trading 0.47% above its 50-day moving average and 5.13% above its 200-day moving average. Moreover, shares of TransCanada, which operates as an energy infrastructure company in North America, have an RSI of 42.13.
On July 28th, 2017, TransCanada announced that its Board of Directors declared a quarterly dividend of $0.625 per common share on the Company's outstanding common shares for the quarter ending September 30th, 2017. The common share dividend is payable on October 31st, 2017, to shareholders of record at the close of business on September 29th, 2017. Register for free on DailyStockTracker.com and access the latest report on TRP at:
On Wednesday, Tulsa, Oklahoma headquartered The Williams Cos. Inc.'s stock dropped 1.17%, finishing at $29.62. A total volume of 3.49 million shares was traded. The Company's shares are trading 0.62% below their 200-day moving average. Additionally, shares of Williams Cos., which operates as an energy infrastructure company primarily in the US, have an RSI of 33.70.
On August 01st, 2017, Williams Partners L.P., a subsidiary of Williams, 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.
On August 04th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $34 a share to $36 a share. Get free access to your research report on WMB at:
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