NEW YORK, October 26, 2016 /PRNewswire/ --
Stock-Callers.com reviews oil's recent prices which settled down on Tuesday, October 25, 2016, post the release of U.S. crude inventory data. Let us now see how these price gains have affected the performances of four Oil and Gas Pipelines industry players: Plains GP Holdings L.P. (NYSE: PAGP), Enbridge Inc. (NYSE: ENB), Plains All American Pipeline L.P. (NYSE: PAA), and Targa Resources Corp. (NYSE: TRGP). Register now and get full and free access to our downloadable research reports on these stocks at:
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Plains GP
Houston, Texas-based Plains GP Holdings L.P.'s stock finished Tuesday's session 0.83% lower at $13.20 with a total trading volume of 1.36 million shares. The Company's shares have advanced 5.26% in the past month, 27.66% in the previous three months, and 50.23% on an YTD basis. The stock is trading 7.70% above its 50-day moving average and 35.97% above its 200-day moving average. Additionally, shares of Plains GP, which together with its subsidiaries, owns and operates midstream energy infrastructure in the US and Canada, have a Relative Strength Index (RSI) of 56.05.
On September 30th, 2016, Plains GP announced a quarterly cash distribution of $0.2065 per Class A share which equates to an 11% reduction from the quarterly distribution paid in August 2016. The distributions will be payable on November 14th, 2016 to holders of record at the close of business on October 31st, 2016.
On October 10th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $10 a share to $14 a share. Access our complete research report on PAGP for free at:
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Enbridge
On Tuesday, shares in Canada headquartered Enbridge Inc. recorded a trading volume of 1.98 million shares. The stock ended the session 0.09% lower at $43.45. The Company's shares have advanced 0.53% in the last one month, 13.29% over the previous three months, and 35.22% since the start of this year. The stock is trading 1.22% above its 50-day moving average and 11.14% above its 200-day moving average. Moreover, shares of Enbridge, which operates as an energy transportation and distribution company in the US and Canada, have an RSI of 51.27.
On October 13th, 2016, Enbridge announced that it will host a webcast conference call to discuss Q3 2016 results on November 3rd, 2016 at 7 a.m. MDT. The complimentary research report on ENB can be downloaded at:
http://stock-callers.com/registration/?symbol=ENB
Plains All American Pipeline
Shares in Houston, Texas headquartered Plains All American Pipeline L.P. closed the day 1.44% lower at $32.22. The stock recorded a trading volume of 2.78 million shares, which was higher than its three months average volume of 2.24 million shares. The Company's shares have gained 7.19% in the last month, 18.63% in the previous three months, and 52.40% on an YTD basis. The stock is trading 7.76% above its 50-day moving average and 30.68% above its 200-day moving average. Additionally, shares of Plains All American Pipeline, which through with 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 59.24.
On September 30th, 2016, the company, consistent with its stated intent in early July when the pending simplification transaction was announced, stated a quarterly cash distribution of $0.55 per common unit, which equates to a 21% reduction to the quarterly distribution paid in August 2016. Additionally, PAA announced a payment-in-kind of the quarterly distribution with respect to its Series A Preferred Units, which will result in the issuance of an additional 1,262,522 Series A Preferred Units. The distributions will be payable on November 14th, 2016 to holders of record at the close of business on October 31st, 2016.
On October 13th, 2016, research firm Piper Jaffray upgraded the Company's stock rating from 'Neutral' to 'Overweight'. Register for free on Stock-Callers.com and get access to the latest PDF format report on PAA at:
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Targa Resources
At the close, shares in Texas headquartered Targa Resources Corp. ended at $45.94, down 2.77%. The stock recorded a trading volume of 1.74 million shares. The Company's shares have surged 26.76% in the previous three months and 85.35% on an YTD basis. The stock is trading above its 200-day moving average by 27.17%. Furthermore, shares of Targa Resources, which through its general and limited partner interests in Targa Resources Partners L.P., provides midstream natural gas and natural gas liquid services in the US, have an RSI of 42.71.
On September 29th, 2016, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold'. Download your free research report on TRGP at:
http://stock-callers.com/registration/?symbol=TRGP
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