NEW YORK, March 1, 2017 /PRNewswire/ --
Operators in the Oil and Gas Pipelines space transport fuel through pipelines, often over great distances. Most of the
companies in this industry are structured as master limited partnerships, and these stocks usually offer very high dividend
yields. Pre-market, Stock-Callers.com tracks the performances of: Magellan Midstream Partners L.P. (NYSE: MMP), Plains GP
Holdings L.P. (NYSE: PAGP), Centennial Resource Development Inc. (NASDAQ: CDEV), and TransCanada Corp. (NYSE: TRP). Sign up today
and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Magellan Midstream Partners
Tulsa, Oklahoma headquartered Magellan Midstream Partners L.P.'s stock finished Tuesday's
session 0.28% higher at $77.51 with a total trading volume of 487,798 shares. Over the previous
three months and since the start of this year, the Company's shares have advanced 12.83% and 3.59%, respectively. The stock is
trading above its 50-day and 200-day moving averages by 1.34% and 9.19%, respectively. Moreover, shares of Magellan Midstream
Partners, which engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the US,
have a Relative Strength Index (RSI) of 44.97.
On February 02 nd, 2017, Magellan Midstream Partners reported net income of
$213.3 million for Q4 2016 compared to $207.1 million for Q4 2015
driven by record quarterly results for the partnership's crude oil and marine storage segments. The Company's distributable cash
flow was a record $277.2 million for Q4 2016 compared to $256.9
million for Q4 2015.
On February 06 th, 2017, research firm Mizuho reiterated its 'Neutral' rating on the
Company's stock with an increase of the target price from $73 a share to $74 a share. MMP complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=MMP
Plains GP
Shares in Houston, Texas-based Plains GP Holdings L.P. climbed 1.05%, ending yesterday's
session at $32.87. A total volume of 3.13 million shares was traded, which was above their three
months average volume of 1.25 million shares. The stock has gained 1.26% in the past month. The Company's shares are trading
7.44% above their 200-day moving average. Moreover, shares of Plains GP Holdings, which together with its subsidiaries, owns and
operates midstream energy infrastructure in the US and Canada, have an RSI of 52.53.
On February 23 rd, 2017, Plains GP Holdings announced that it has priced an upsized
underwritten public offering of 42,000,000 of its Class A shares representing limited partner interests. The total gross proceeds
of the offering will be approximately $1.3 billion. The Partnership has also granted the
underwriters a 30-day option to purchase up to 6,300,000 additional Class A shares. The offering is expected to close on
March 01 st, 2017, subject to customary closing conditions. The complimentary report on
PAGP can be downloaded at:
http://stock-callers.com/registration/?symbol=PAGP
Centennial Resource Development
On Tuesday, Denver, Colorado-based Centennial Resource Development Inc.'s stock saw a decline
of 3.74%, to close the day at $18.81. A total volume of 1.86 million shares was traded, which was
higher than their three months average volume of 1.03 million shares. The Company's shares have advanced 1.13% in the last one
month. The stock is trading 0.66% above its 200-day moving average. Additionally, shares of Centennial Resource Development,
which together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company
in the US, have an RSI of 51.16.
On February 27 th, 2017, Centennial, announced that it intends to deliver a notice on
March 01 st, 2017 for the redemption of all of its outstanding warrants originally sold
as part of units in its initial public offering in February 2016. On March
31 st, 2017, all Public Warrants that have not been exercised by that date will be redeemed by the Company at a
price of $0.01 per Public Warrant. Sign up for your complimentary report on CDEV at:
http://stock-callers.com/registration/?symbol=CDEV
TransCanada
Shares in Calgary, Canada headquartered TransCanada Corp. ended the day 0.54% lower at
$45.99. A total volume of 1.23 million shares was traded, which was above their three months
average volume of 927,000 shares. The stock has gained 2.00% in the previous three months and 1.86% since the start of this year.
The Company's shares are trading above their 200-day moving average by 2.09%. Furthermore, shares of TransCanada, which operates
as an energy infrastructure company in North America, have an RSI of 38.89.
On February 27 th, 2017, TransCanada announced that it has offered to sell a 49.3%
interest in Iroquois Gas Transmission System, L.P., together with its remaining 11.8% interest in Portland Natural Gas
Transmission System (PNGTS), subject to satisfactory negotiation of terms, compliance with any applicable regulatory
requirements, and Partnership Board approval, to its master limited partnership, TC PipeLines, L.P. TransCanada's Board of
Directors has approved the sales of Iroquois and PNGTS. Download the research report for free on
TRP at:
http://stock-callers.com/registration/?symbol=TRP
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