NEW YORK, May 12, 2017 /PRNewswire/ --
Today's research on Stock-Callers.com is focused on the Oil and Gas Pipelines space, which is segmented into steel pipes,
plastic pipes, and others. Escalating crude oil production, in conjunction with growing deep drilling operations, is likely
to catalyze the growth of the industry, according to a Persistence Market Research report. Equities under assessment this morning
are: Enbridge Inc. (NYSE: ENB), Cheniere Energy Inc. (NYSEMKT: LNG), Targa Resources Corp. (NYSE: TRGP), and Plains GP Holdings
L.P. (NYSE: PAGP). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Enbridge
On Thursday, shares in Calgary, Canada headquartered Enbridge Inc. recorded a trading volume
of 3.63 million shares. The stock ended the day at $40.03, declining 3.17% from the last trading
session. The Company's shares are trading below their 50-day moving average by 3.60%. Furthermore, shares of Enbridge, which
engages in energy transportation activities in the US and Canada, have a Relative Strength Index
(RSI) of 38.59.
On May 02 nd, 2017, research firm Morgan Stanley initiated an 'Equal-Weight' rating
on the Company's stock, with a target price of $45 per share.
On May 10 th, 2017, Enbridge reported Q1 2017 results. Net income for the three
months ended March 31 st, 2017 was $65.4 million; cash
provided by operating activities was $233.7 million; adjusted EBITDA was $414.1 million; and distributable cash flow was $197.7 million. In addition, the
Company attributed approximately $22.5 million of earnings to its outstanding Series 1 Preferred
units during the quarter. Sign up and read the free research report on ENB at:
http://stock-callers.com/registration/?symbol=ENB
Cheniere Energy
Houston, Texas-based Cheniere Energy Inc.'s stock rose 0.32%, finishing yesterday's session
at $47.14. A total volume of 2.41 million shares was recorded, which was above their three months
average volume of 1.69 million shares. The Company's shares have gained 13.78% since the start of this year. The stock is trading
above its 50-day and 200-day moving averages by 2.12% and 7.95%, respectively. Additionally, shares of Cheniere Energy, which
engages in the liquefied natural gas related businesses in the US, have an RSI of 56.67.
On April 18 th, 2017, research firm Guggenheim initiated a 'Buy' rating on the
Company's stock.
On May 04 th, 2017, Cheniere Energy reported Q1 2017 results. Net income for the
three months ended March 31 st, 2017 was $54 million, or
$0.23 per basic and diluted share. Consolidated adjusted EBITDA was $483
million; total revenues increased $1,142 million; and total operating costs and expenses
increased $675 million during the quarter. The complimentary research report on LNG can be
downloaded at:
http://stock-callers.com/registration/?symbol=LNG
Targa Resources
Shares in Houston, Texas headquartered Targa Resources Corp. ended the session 0.04% higher
at $50.89. The stock recorded a trading volume of 1.60 million shares. The Company's shares are
trading 0.92% above their 200-day moving average. Moreover, shares of Targa Resources, which provides midstream natural gas and
natural gas liquid services in the US, have an RSI of 37.95.
On May 04 th, 2017, Targa Resources reported Q1 2017 net loss of ($119.3) million and adjusted EBITDA of $276.7. The Company also reported
distributable cash flow for Q1 2017 of $194.0 million, compared to total common dividends to be
paid of $180.3 million, and total Series A Preferred Stock dividends to be paid of $22.9 million.
On May 05 th, 2017, research firm Raymond James upgraded the Company's stock rating
from 'Outperform' to 'Strong Buy'. Register for free on Stock-Callers.com and access the latest report on TRGP at:
http://stock-callers.com/registration/?symbol=TRGP
Plains GP
At the closing bell on Thursday, Houston, Texas-based Plains GP Holdings L.P.'s stock climbed
0.22%, finishing at $27.65. A total volume of 925,604 shares was traded. The Company's shares are
trading 9.20% below their 50-day moving average. Additionally, shares of Plains GP, which owns and operates midstream energy
infrastructure in the US and Canada, have an RSI of 35.40.
On May 08 th, 2017, Plains GP Holdings announced Q1 2017 results. The Company
reported revenues of $6.67 billion, total costs and expenses of $6.08
billion, operating income of $589 million, and net income of $41
million for the three months ended March 31 st, 2017.
On May 10 th, 2017, research firm Stifel reiterated its 'Hold' rating on the
Company's stock with a decrease of the target price from $34 a share to $30 a share. Get free access to your research report on PAGP at:
http://stock-callers.com/registration/?symbol=PAGP
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