×

Daily Technical Summary Reports on Oil & Gas Pipelines Stocks -- SemGroup, Targa Resources, Western Gas Partners, and Energy Transfer Partners

NEW YORK, September 28, 2017 /PRNewswire/ --

If you want a Stock Review on SEMG, TRGP, WES, or ETP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Over the past five years, the Oil and Gas Pipeline Construction industry in the US benefited from heavy investment in natural gas and oil infrastructure construction, according to an IBISWorld report. Looking forward, the industry is projected to experience strong demand as new natural gas resources require existing pipelines to reach capacity. Ahead of today's trading session, DailyStockTracker.com recalls the performance of the following equities: SemGroup Corp. (NYSE: SEMG), Targa Resources Corp. (NYSE: TRGP), Western Gas Partners L.P. (NYSE: WES), and Energy Transfer Partners L.P. (NYSE: ETP). Register now and get full and free access to these DailyStockTracker.com research reports at:

http://dailystocktracker.com/register/

SemGroup

On Wednesday, shares in Tulsa, Oklahoma headquartered SemGroup Corp. recorded a trading volume of 603,883 shares. The stock ended at $28.85, climbing 1.23% from the last trading session. The Company's shares have gained 17.28% in the last one month and 7.85% over the previous three months. The stock is trading above its 50-day moving average by 11.93%. Furthermore, shares of SemGroup, 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 66.72.

On September 15th, 2017, SemGroup announced the pricing of its previously announced $300-million senior unsecured notes due 2026. The notes mature on March 15th, 2026, will pay interest at a rate of 7.25% per year, and were priced at 98.453% of par to yield 7.5%. The Company intends to use the net proceeds from the sale of the notes to repay a portion of the amounts outstanding under its revolving credit facility. Access our complete research report on SEMG for free at:

http://dailystocktracker.com/registration/?symbol=SEMG

Targa Resources

Houston, Texas headquartered Targa Resources Corp.'s stock finished yesterday's session 0.94% higher at $48.24 with a total trading volume of 955,842 shares. The Company's shares have gained 11.46% in the last one month and 9.14% over the previous three months. The stock is trading above its 50-day moving average by 6.06%. Furthermore, shares of Targa Resources, which provides midstream natural gas and natural gas liquid (NGL) services in the US, have an RSI of 61.38.


On September 18th, 2017, Targa Resources Partners L.P., a subsidiary of Targa Resources, announced that the Board of its general partner has declared a monthly cash distribution on the Partnership's 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of 18.75¢, or $2.25 on an annualized basis, for September 2017. This cash distribution will be paid October 16th, 2017, to holders of record as of the close of business on September 29th, 2017. The complimentary research report on TRGP can be downloaded at:

http://dailystocktracker.com/registration/?symbol=TRGP

Western Gas Partners

At the close of trading on Wednesday, shares in The Woodlands, Texas headquartered Western Gas Partners L.P. rose 0.02%, ending the day at $51.01. The stock recorded a trading volume of 270,474 shares. The Company's shares have advanced 3.51% in the last one month. The stock is trading 0.25% below its 50-day moving average. Moreover, shares of the Company, which acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas, have an RSI of 50.44. Register for free on DailyStockTracker.com and get access to the latest report on WES at:

http://dailystocktracker.com/registration/?symbol=WES

Energy Transfer Partners

Dallas, Texas-based Energy Transfer Partners L.P.'s shares ended the day 1.36% lower at $18.88 with a total trading volume of 5.32 million shares. The stock has gained 2.33% in the last month. The Company's shares are trading 2.10% below their 50-day moving average. Additionally, shares of the Company, which engages in the natural gas midstream, and intrastate transportation and storage businesses in the US, have an RSI of 48.37.

On September 19th, 2017, Energy Transfer Partners announced that the Federal Energy Regulatory Commission (FERC) has approved the Company's request to resume Horizontal Directional Drilling (HDD) operations along the Rover Pipeline Project. Drilling operations on nine HDD locations approved by the FERC were expected to begin within that week, with an emphasis on the Captina Creek HDD in Belmont County, Ohio. Download your free research report on ETP at:

http://dailystocktracker.com/registration/?symbol=ETP

Daily Stock Tracker:

Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

DST has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://dailystocktracker.com/disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE dailystocktracker.com