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:
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:
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:
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:
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:
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