NEW YORK, March 15, 2017 /PRNewswire/ --
Today, Stock-Callers.com explores the Oil and Gas Pipelines space to see how current market and oil trends have influenced the performances of select stocks. Under review are SemGroup Corp. (NYSE: SEMG), Shell Midstream Partners L.P. (NYSE: SHLX), Spectra Energy Partners L.P. (NYSE: SEP), and EnLink Midstream LLC (NYSE: ENLC). On Tuesday, March 14th, 2017, OPEC said in its monthly report that oil stocks in industrialized nations rose in January to stand 278 million barrels above the five-year average, of which the surplus in crude was 209 million barrels and the rest refined products. After the release of the report, oil prices LCOc1 fell, to trade close to $50 a barrel; their lowest since November. Crude is still up from about $40 a barrel a year ago, and a 12-year low near $27 reached in January 2016. These stocks research reports can be downloaded now by simply registering for free at:
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SemGroup
On Tuesday, shares in Tulsa, Oklahoma headquartered SemGroup Corp. recorded a trading volume of 560,075 shares, and ended the session 2.79% lower at $33.10. The stock is trading 4.86% below its 200-day moving average. Shares of the Company, which provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants, have a Relative Strength Index (RSI) of 29.01.
On February 21st, 2017, research firm Barclays resumed its 'Equal Weight' rating on the Company's stock, with a target price of $43 per share.
On March 14th, 2017, SemGroup announced that its previously announced cash tender offer to purchase any and all of its 7.50% senior notes due 2021 expired at 5:00 p.m., New York City Time, on March 14th, 2017(the 'expiration time'). As of the expiration time, $290,007,000 aggregate principal amount of the 2021 Notes (96.67%) were validly tendered, which excludes $42,000 aggregate principal amount of the 2021 Notes that remain subject to guaranteed delivery procedures. Your complete research report on SEMG can be retrieved for free at:
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Shell Midstream
Houston, Texas-based Shell Midstream Partners L.P.'s stock closed the day 0.72% lower at $31.60 with a total trading volume of 273,561 shares. The Company's shares have advanced 15.95% in the previous three months and 9.57% since the start of this year. The stock is trading 4.61% above its 200-day moving average. Additionally, shares of Shell Midstream Partners, which owns, operates, develops, and acquires pipelines and other midstream assets in the US, have an RSI of 42.72.
On February 23rd, 2017, Shell Midstream Partners reported net income attributable to the partnership of $69.5 million for Q4 2016, which equated to $0.34 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation, and amortization attributable to the partnership of $84.3 million and cash available for distribution of $82.7 million for Q4 2016. A free report on SHLX is just a click away at:
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Spectra Energy
Shares in Houston, Texas-based Spectra Energy Partners L.P. recorded a trading volume of 527,746 shares, which was higher than their three months average volume of 443,530 shares. The stock ended yesterday's trading session 1.16% lower at $42.61. The Company's shares are trading below their 200-day moving average by 2.92%. Furthermore, shares of Spectra Energy Partners, which operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the US, have an RSI of 29.51.
On February 27th, 2017, Spectra Energy announced that its general partner became an indirect, wholly-owned subsidiary of Enbridge Inc., as a result of the completion of the combination of Enbridge and Spectra Energy. In conjunction with this change, Bill Yardley will assume the role of Chairman and President of the general partner of Spectra Energy. Sign up for your complimentary research report on SEP at:
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EnLink Midstream
Dallas, Texas headquartered EnLink Midstream LLC's stock finished Tuesday's session 1.56% lower at $18.90 with a total trading volume of 333,227 shares. The Company's shares have advanced 6.80% over the previous three months and 0.63% since the start of this year. The stock is trading above its 200-day moving average by 12.86%. Additionally, shares of EnLink Midstream, which gathers, transmission, processes, fractionation, storage, stabilization, brine, and marketing services to producers of natural gas, natural gas liquids, crude oil, and condensate in the US, have an RSI of 43.44.
On February 15th, 2017, EnLink Midstream reported a net loss attributable to the Company of $4 million for Q4 2016. Comparatively, EnLink Midstream reported a net loss of $195 million in Q4 2015. The Company's cash available for distribution was $52 million for Q4 2016. Register for free on Stock-Callers.com and download the latest research report on ENLC at:
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