Technical Roundup on Oil & Gas Stocks -- Enbridge, Genesis Energy, DCP Midstream Partners, and Buckeye Partners

Sep 19, 2016, 07:20 ET from Chelmsford Park SA

NEW YORK, September 19, 2016 /PRNewswire/ --

Operators in the Oil and Gas Pipelines space are engaged in the transportation of fuel through pipelines and are often structured as Master Limited Partnerships. These companies usually offer very high dividend yields. Pre-market, evaluates the most recent performances of the following equities: Enbridge Inc. (NYSE: ENB), Genesis Energy L.P. (NYSE: GEL), DCP Midstream Partners L.P. (NYSE: DPM), and Buckeye Partners L.P. (NYSE: BPL). Sign up today and download for free the research reports for the stocks covered today at:


Calgary, Canada headquartered Enbridge Inc.'s stock finished last Friday's session at $44.18, climbing 0.59%. A total volume of 4.12 million shares was traded, which was above their three months average volume of 1.95 million shares. Over the last month and the previous three months, the Company's shares have advanced 6.36% and 8.50%, respectively. Additionally, the stock has gained 37.49% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 7.09% and 18.09%, respectively. Moreover, shares of Enbridge, which operates as an energy transportation and distribution company in the US and Canada, have a Relative Strength Index (RSI) of 60.14.

On September 6th, 2016, Enbridge and Spectra Energy Corp. announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction, which values Spectra Energy common stock at approximately C$37 billion (US$28 billion). The combination will create the largest energy infrastructure company in North America and one of the largest globally based on a pro-forma enterprise value of approximately C$165 billion (US$127 billion).

On September 8th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. ENB complete research report is just a click away at:

Genesis Energy  

Shares in Houston, Texas-based Genesis Energy L.P. ended the session 0.15% lower at $33.81. A total volume of 1.12 million shares was traded, which was above their three months average volume of 650,840 shares. The stock is trading 4.47% above its 200-day moving average. Moreover, shares of Genesis Energy, which operates in the midstream segment of the oil and gas industry, have an RSI of 29.74. The complimentary report on GEL can be downloaded at:

DCP Midstream Partners  

On Friday, Denver, Colorado headquartered DCP Midstream Partners L.P.'s stock saw a slight decline of 0.64%, to close the day at $32.76. A total volume of 937,509 shares traded, which was higher than their three months average volume of 443,020 shares. The company's shares have advanced 0.96% in the previous three months and 45.06% on an YTD basis. The stock is trading 19.24% above its 200-day moving average. Additionally, shares of DCP Midstream Partners, which together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the US, have an RSI of 41.38.

On August 4th, 2016, DCP Midstream Partners reported that net income attributable to partners was $45 million in Q2 2016, or $0.12 per basic and diluted limited partner unit, compared to net loss attributable to partners of $(2) million in Q2 2015, or $(0.29) per basic and diluted limited partner unit. The company's distributable cash flow was $128 million in Q2 2016 resulting in a distribution coverage ratio of 1.06 times in Q2 2016 and 1.21 times for the trailing twelve months.

On September 9th, 2016, research firm FBR Capital initiated a 'Market Perform' rating on the Company's stock, issuing a target price of $33 per share. Sign up for your complimentary report on DPM at:

Buckeye Partners  

Shares in Houston, Texas-based Buckeye Partners L.P. ended the day 0.28% lower at $68.16. A total volume of 452,245 shares was traded, which was above their three months average volume of 435,460 shares. The stock has gained 0.27% in the previous three months and 9.08% since the start of this year. The Company's shares are trading above their 200-day moving average by 5.29%. Furthermore, shares of Buckeye Partners, which owns and operates liquid petroleum products pipeline systems in the US, have an RSI of 37.20.

On August 25th, 2016, research firm Goldman initiated a 'Neutral' rating on the Company's stock, issuing a target price of $78 per share.

On August 31st, 2016, Buckeye Partners announced that one of its operating subsidiaries, Buckeye Pipe Line Company, L.P., launched a binding open season to solicit commitments for the second phase of its Michigan/Ohio Pipeline Expansion Project.  Once complete, the second phase of the Project will allow Buckeye to offer expanded transportation service of refined petroleum products from origin points in Woodhaven and Detroit, Michigan, Toledo, Findlay and Lima, Ohio, and Midland, Pennsylvania to a destination point in the Altoona area in central Pennsylvania. Download the research report for free on BPL at:


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