NEW YORK, June 2, 2017 /PRNewswire/ --
Stock-Callers.com observes the most recent performances of the following Oil and Gas Pipelines stocks: Energy Transfer Partners L.P. (NYSE: ETP), Plains All American Pipeline L.P. (NYSE: PAA), and Genesis Energy L.P. (NYSE: GEL). These companies are a part of the Basic Materials sector, which has received a rating of "Market Perform" from Charles Schwab on May 25th, 2017 due to increased demand for raw materials, a more accommodative monetary policy, and a reduction in austerity programs. Sign up today and download for free the research reports for the stocks covered today at:
Energy Transfer Partners
Dallas, Texas-based Energy Transfer Partners L.P.'s stock finished Thursday's session 0.87% higher at $21.95 with a total trading volume of 3.68 million shares. The Company's shares are trading 6.59% below their 50-day moving average. Shares of the Company, which engages in the natural gas midstream, and intrastate transportation and storage businesses in the US, have a Relative Strength Index (RSI) of 34.89.
On May 10th, 2017, research firm Bernstein upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On May 30th, 2017, Energy Transfer Partners announced that Michael J. Hennigan, President, Crude, Liquids and Refined Products, has resigned and will depart the Partnership, effective June 16th, 2017, for another business opportunity. Prior to the recently closed merger of ETP and Sunoco Logistics Partners, L.P. (SXL), Hennigan served as SXL's President and CEO. ETP complete research report is just a click away at:
Plains All American Pipeline
On Thursday, shares in Houston, Texas headquartered Plains All American Pipeline L.P. recorded a trading volume of 1.77 million shares. The stock ended the session 0.30% higher at $26.56. The Company's shares are trading 9.77% below their 50-day moving average. Moreover, shares of Plains All American Pipeline, which through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids, natural gas, and refined products in the US and Canada, have an RSI of 30.68.
On May 08th, 2017, Plains All American Pipeline and Plains GP Holdings reported Q1 2017 results. GAAP net income for the three months ended March 31st, 2017 was $444 million, diluted net income per common unit was $0.58, and distribution per common unit was $0.55. Adjusted net income for the quarter was $224 million, diluted adjusted net income per common unit was $0.27, and adjusted EBITDA was $512 million.
On May 22nd, 2017, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Sign up for your complimentary report on PAA at:
Houston, Texas headquartered Genesis Energy L.P.'s shares closed the day 0.06% lower at $31.17. The stock recorded a trading volume of 285,818 shares. The Company's shares are trading 1.95% below their 50-day moving average. Additionally, shares of Genesis Energy, which operates in the midstream segment of the crude oil and natural gas industry, have an RSI of 42.62.
On May 04th, 2017, Genesis Energy announced its Q1 2017 results. Certain highlights for the quarter ended March 31st, 2017 included net income of $27.1 million, cash flows from operating activities of $64.6 million, available cash before reserves of $93.0 million, and adjusted EBITDA of $131.4 million.
On May 08th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Download the research report for free on GEL at:
Stock Callers (SC) 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. SC 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.
SC 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 SC. SC 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.
SC, 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. SC, 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, SC, 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 SC 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
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: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA