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Trader Alert: Edison International (EIX), Tesoro Corporation (TSO), ONEOK Inc. (OKE)

Edison International (EIX) grew with the stock adding 0.1% or $0.07 to close at $69.89 on light trading volume of 1.53M compared its three months average trading volume of 1.55M. The Rosemead California 91770 based company operating under the Electric Utilities industry has been trending up for the last 52 weeks, with the shares price now 12.74% up for the period and up by 20.37% so far this year. With price target of $79.47 and a 24.92% rebound from 52-week low, Edison International has plenty of upside potential, making it a hold with a view buy.

Edison International, through its subsidiaries, generates and supplies electricity in the United States. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. The company’s transmission facilities consist of lines ranging from 33 kV to 500 kV and substations; and distribution system comprises approximately 53,000 line miles of overhead lines, 38,000 line miles of underground lines, and approximately 800 distribution substations located in California. It serves approximately 5 million customers. Edison International was incorporated in 1987 and is based in Rosemead, California.

Tesoro Corporation (TSO) dropped $-1.3 to close the day at a new closing price of $79.98, a -1.6% decrease in value from its previous closing price that moved the stock 20.37% above its 52 week low of $67.8. A total of 1.53M shares exchanged hands during the day compared with its three month average trading volume of 2.24M. The stock, which fluctuated between $78.86 and $81.93 during the day, currently situated -31.51% below its 52 week high. The stock is down by -1.87% in the past one month and up by 8.89% over the past three months. With a one year target estimate of $95.87 and RSI of 49.89, the stock still has upside potential, making it a hold for now.

Tesoro Corporation, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. Its Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt. This segment also sells refined products in the wholesale market primarily through independent unbranded distributors; and in the bulk market primarily to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, marine, and industrial end-users in the western United States. It owns and operates 6 refineries with a combined crude oil capacity of approximately 875 thousand barrels per day. The company’s TLLP segment owns and operates a network of approximately 3,500 miles of crude oil, refined products, and natural gas pipelines; 29 crude oil and refined products truck and marine terminals; and approximately 15 million barrels of storage capacity. This segment also owns and operates four natural gas processing complexes and one fractionation facility. The company’s Marketing segment sells gasoline and diesel fuel through retail stations, and third-party branded dealers and distributors in the western United States. As of December 31, 2015, this segment operated a network of 2,397 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline, and Tesoro brands. The company was formerly known as Tesoro Petroleum Corporation and changed its name to Tesoro Corporation in November 2004. Tesoro Corporation was founded in 1968 and is headquartered in San Antonio, Texas.

ONEOK Inc. (OKE) shares were down in last trading by -0.62% to $49.36. It experienced lighter than average volume on day. The stock decreased in value by almost -3.95% over the past week and fell -3.22% in the past month. It is currently trading 3.68% above its 50 day moving average and 34.98% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -4.56% decrease in value from its one year high of $51.72. The RSI indicator value of 53.52, lead us to believe that it is a hold for now.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through the Natural Gas Gathering and Processing, the Natural Gas Liquids, and the Natural Gas Pipelines segments. The company gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), as well as owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, as well as stores, markets, and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, exporters, and propane distributors. It also owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

 

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