24.01.2017 13:45:00
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Technical Roundup on Oil & Gas Stocks -- Buckeye Partners, ONEOK Partners, Shell Midstream Partners, and Genesis Energy
NEW YORK, January 24, 2017 /PRNewswire/ --
For today, Stock-Callers.com brings investors' attention back to: Buckeye Partners L.P. (NYSE: BPL), ONEOK Partners L.P. (NYSE: OKS), Shell Midstream Partners L.P. (NYSE: SHLX), and Genesis Energy L.P. (NYSE: GEL). Most companies in the Oil and Gas Pipelines space are structured as master limited partnerships (MLPs), which help limit costs by passing tax obligations along to shareholders. Since MLPs are required to distribute the vast majority of their earnings to shareholders, these firms usually offer very high dividend yields. Sign up today and download for free the research reports for the stocks covered today at:
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Buckeye Partners
Houston, Texas-based Buckeye Partners L.P.'s stock finished Monday's session 0.37% higher at $64.86. A total volume of 820,636 shares was traded, which was above their three months average volume of 697,940. The Company's shares are trading above their 50-day moving average by 0.06%. Moreover, shares of Buckeye Partners, which owns and operates liquid petroleum products pipeline systems in the US, have a Relative Strength Index (RSI) of 44.94.
On January 16th, 2017, Buckeye Partners announced that it will release its Q4 2016 and FY16 earnings on February 10th, 2017. The Company will hold a conference call on Q4 2016 and FY16 financial results on February 10th, 2017 at 11:00 a.m. ET.
On January 17th, 2017, research firm Barclays resumed an 'Equal Weight' rating on the Company's stock, with a target price of $72 per share. BPL complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=BPL
ONEOK Partners
Shares in Tulsa, Oklahoma headquartered ONEOK Partners L.P. declined 0.62%, ending yesterday's session at $43.60. A total volume of 845,050 shares were traded, which was higher than their three months average volume of 594,920 shares. The stock has gained 6.03% in the previous three months and 1.37% on an YTD basis. The Company's shares are trading 1.71% above their 50-day moving average and 11.90% above their 200-day moving average. Moreover, shares of ONEOK Partners, which engages in the gathering, processing, storage, and transportation of natural gas in the US, have an RSI of 45.41.
On January 18th, 2017, the board of directors of the general partner of ONEOK Partners declared a quarterly cash distribution of $0.79 per unit, effective for Q4 2016, payable February 14th, 2017, to unit-holders of record as of January 30th, 2017. ONEOK Partners has increased its distribution by 98% since April 2006, when a wholly owned subsidiary of ONEOK, Inc. became the sole general partner. The complimentary report on OKS can be downloaded at:
http://stock-callers.com/registration/?symbol=OKS
Shell Midstream Partners
On Monday, Houston, Texas-based Shell Midstream Partners L.P.'s stock closed the day flat at $30.48. A total volume of 669,988 shares was traded, which was above their three months average volume of 509,600 shares. The Company's shares have advanced 11.44% in the last one month, 8.20% in the previous three months, and 4.78% on an YTD basis. The stock is trading 8.79% above its 50-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 69.24.
On January 19th, 2017, Shell Midstream Partners announced that the Board of Directors of its general partner declared a cash distribution of $0.2770 per limited partner unit for Q4 2016. This represents an increase of 5% over the previous quarterly distribution of $0.26375 per unit and a 26% increase over the distribution paid with respect to Q4 2015. The distribution will be paid February 14th, 2017 to unit-holders of record as of January 31st, 2017. Sign up for your complimentary report on SHLX at:
http://stock-callers.com/registration/?symbol=SHLX
Genesis Energy
Shares in Houston, Texas-based Genesis Energy L.P. ended the day 0.45% higher at $35.66. A total volume of 439,792 shares was traded, which was above their three months average volume of 436,850 shares. The stock has gained 1.31% in the last one month. The Company's shares are trading above their 50-day and 200-day moving averages by 2.86% and 2.21%, respectively. Furthermore, shares of Genesis Energy, which operates in the midstream segment of the oil and gas industry, have an RSI of 53.04.
On January 12th, 2017, Genesis Energy announced that it will pay a regular quarterly distribution of $0.71 per Common Unit for the quarter ended December 31st, 2016. The distribution will be paid on February 14th, 2017, to Common Unit-holders of record at the close of business on January 31st, 2017. This distribution represents an increase of approximately 8.4% over Q4 2015 quarterly distribution of $0.655 per unit, and an approximate 1.4% increase over the distribution paid with respect to Q3 2016. Download the research report for free on GEL at:
http://stock-callers.com/registration/?symbol=GEL
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