LONDON, UK / ACCESSWIRE / July 11, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Oil & Gas Pipelines industry. Companies recently under review include Sunoco Logistics Partners, MPLX L.P., Antero Midstream Partners, and DCP Midstream Partners. See our complete notes on Sunoco Logistics Partners at:
http://www.activewallst.com/registration-3/?symbol=SXL
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The Oil and Gas Pipelines segment can expect strong demand for the remainder of this year despite fluctuations in oil and gas prices which continue to affect industry revenue. With the strengthening in the oil and gas pipeline infrastructure, the demand for pipes is growing constantly. Oil and gas pipelines are utilized for operations such as distribution, line pipe, and oil country tubular good. Mounting crude oil production in conjunction with growing deep drilling operations is expected to act as a catalyst for the oil and gas pipelines market. Let us see how these are affecting some of the big names in the industry. Register with us now for your free membership and more at:
http://www.activewallst.com/register/
Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.
Sunoco Logistics Partners L.P. (NYSE: SXL)
Newtown Square, Pennsylvania-based Sunoco Logistics Partners L.P.'s shares finished 1.90% higher at $28.40 and with a total volume of 787,330 shares traded.
On July 08, 2016, Sunoco Logistics Partners Operations L.P., an affiliate of Sunoco Logistics Partners L.P., announced the pricing of senior unsecured notes worth $550 million for a public offering. The issue price of these notes, due in 2026, will be 99.696% of the principal amount. Also, these will carry an interest rate of 3.90% per annum. The company intends to use net proceeds of about $544 million to repay outstanding borrowings under $2.50 billion revolving credit.
The stock has advanced 16.08% in the previous three months and 14.89% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.11% and 11.51%, respectively. Moreover, shares of Sunoco Logistics Partners, which transports, terminals, and stores crude oil, refined products, and natural gas liquids, have a Relative Strength Index (RSI) of 53.54.
MPLX L.P. (NYSE: MPLX)
Shares in Findlay, Ohio-based MPLX L.P. ended Friday's session 1.23% higher at $32.95 with a total volume of 832,960 shares traded.
MPLX L.P., a master limited partnership sponsored by Marathon Petroleum Corporation (NYSE: MPC), will host a conference call on July 28, 2016 to discuss its upcoming second-quarter financial results, which will be released earlier that day. On the same day, the company will provide an update on partnership operations.
The stock has advanced 15.47% in the previous three months. The Company's shares are trading 1.88% and 3.59% above their 50-day and 200-day moving averages, respectively. Moreover, shares of MPLX, which owns, operates, develops, and acquires midstream energy infrastructure assets, have an RSI of 53.20. Sign up for your notes on MPLX at:
http://www.activewallst.com/registration-3/?symbol=MPLX
Antero Midstream Partners L.P. (NYSE: AM)
Denver, Colorado headquartered Antero Midstream Partners L.P.'s shares surged 3.21%, closing the session at $27.64. A total volume of 283,812 shares was traded.
On June 29, 2016, Antero Midstream Partners filed a registration with the U.S. SEC to sell up to $250 million worth of its common units.
The stock has gained 11.95% in the last one month, 32.89% in the previous three months, and 23.61% since the start of this year. The Company's shares are trading 10.33% above their 50-day moving average and 24.02% above their 200-day moving average. Additionally, shares of Antero Midstream Partners, which owns, operates, and develops midstream energy assets, have an RSI of 62.24. On June 16th, 2016, research firm Stifel upgraded the Company's stock ratings from 'Hold' to 'Buy', issuing a target price of $19 a share. Register for free and access your notes on AM at:
http://www.activewallst.com/registration-3/?symbol=AM
DCP Midstream Partners L.P. (NYSE: DPM)
On Friday, shares in Denver, Colorado headquartered DCP Midstream Partners L.P. closed the session 0.26% higher at $34.13 and with a total volume of 395,460 shares traded. The stock has gained 27.30% over the previous three months and 47.57% on an YTD basis. The Company's shares are trading above their 200-day moving average by 32.52%. Furthermore, shares of DCP Midstream Partners, which together with its subsidiaries, own, operate, acquire, and develop a portfolio of midstream energy assets in the U.S., have an RSI of 48.18. The notes on DPM are available for free at:
http://www.activewallst.com/registration-3/?symbol=DPM
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SOURCE: Active Wall Street
