NEW YORK, September 14, 2016 /PRNewswire/ --
The Oil and Gas Refining and Marketing space is a massive market that is driven by the prices of oil and refined products, as well as their supply and demand. This morning, Stock-Callers.com has under assessment the following equities: Tesoro Corp. (NYSE: TSO), Alon USA Energy Inc. (NYSE: ALJ), CVR Refining L.P. (NYSE: CVRR), and Pacific Ethanol Inc. (NASDAQ: PEIX). Sign up today and download for free the research reports for the stocks covered today at:
San Antonio, Texas headquartered Tesoro Corp.'s stock finished Tuesday's session at $81.15, which was 0.48% lower from its previous trading session. A total volume of 2.07 million shares was traded. Over the last month and the previous three months, the Company's shares have gained 8.48% and 12.44%, respectively. The stock is trading above its 50-day moving average by 7.70%. Moreover, shares of Tesoro, which through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the US, have a Relative Strength Index (RSI) of 62.34.
On August 23rd, 2016, research firm Jefferies initiated a 'Buy' rating on the Company's stock.
On September 6th, 2016, Tesoro announced that it has agreed to acquire Virent, Inc., an innovative renewable fuels and chemicals company, to support Virent`s success in bringing biofuels technology to commercial scale. Virent`s BioForming® technology can convert sugars and other biomass derived feedstocks into renewable gasoline blendstocks and aromatics. Virent`s aromatics product can also be used for renewable chemicals, most notably para-xylene, a key component in polyester. Tesoro will operate Virent as a wholly owned subsidiary which will be located in Madison, Wisconsin. The transaction is expected to close by the end of September. TSO complete research report is just a click away at:
Alon USA Energy
Shares in Dallas, Texas headquartered Alon USA Energy Inc. ended yesterday's session 0.37% lower at $8.17 with a total trading volume of 1.35 million shares. The stock has gained 10.13% in the past month and 26.89% in the previous three months. The Company's shares are trading 15.11% above their 50-day moving average. Moreover, shares of Alon USA Energy, which refines and markets petroleum products, primarily in the South Central, Southwestern, and Western regions of the US, have an RSI of 61.14. The complimentary report on ALJ can be downloaded at:
On Tuesday, Sugar Land, Texas-based CVR Refining L.P.'s stock rose 3.87%, to close the day at $8.58. A total volume of 2.17 million shares was traded, which was above their three months average volume of 839,600 shares. The Company's shares have surged 35.55% in the last one month. The stock is trading 31.08% above its 50-day moving average. Additionally, shares of CVR Refining, which operates as an independent petroleum refiner and marketer of transportation fuels in the US, have an RSI of 80.61. Sign up for your complimentary report on CVRR at:
Shares in Sacramento, California headquartered Pacific Ethanol Inc. ended the day 4.51% lower at $6.35. A total volume of 651,839 shares was traded, which was above their three months average volume of 648,220 shares. The stock has gained 15.66% in the previous three months and 32.85% since the start of this year. The Company's shares are trading above their 200-day moving average by 28.21%. Furthermore, shares of Pacific Ethanol, which produces and markets low-carbon renewable fuels in the US, have an RSI of 44.11.
On September 12th, 2016, Pacific Ethanol announced that the U.S. Environmental Protection Agency has approved its registration for generating cellulosic ethanol and D3 cellulosic renewable identification numbers (RINs) at its Stockton, CA plant from corn fiber using Edeniq, Inc.'s Pathway Technology™. This is the first ever EPA registration incorporating this process. Download the research report for free on PEIX at:
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