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Stocks In Queue: Energy Transfer Equity, L.P. (ETE), TechnipFMC plc (FTI), Newmont Mining Corporation (NEM)

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Energy Transfer Equity, L.P. (ETE) fell -1.62% during last trading as the stock lost $-0.31 to finish the day at $18.84 with about 5.3M shares changing hands, compared to its three month average trading volume of 6.98M. The $20.05B market cap company, which fluctuated between $18.83 and $19.37 during the day, currently situated 341.08% above its 52 week low of $5.67 and -4.57% away from its one year high of $20.05. The RSI of 56.51 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. It owns and operates approximately 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,300 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of approximately 35,000 miles of in service natural gas pipelines, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; operation of natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas, as well as a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company’s natural gas liquid (NGL) transportation and services operations include ownership of approximately 2,000 miles of NGL pipelines, three NGL processing plants, four NGL and propane fractionation facilities, and NGL storage facilities. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil, NGLs, and refined products. In addition, it provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was founded in 2002 and is based in Dallas, Texas.

TechnipFMC plc (FTI) gained $0.51 to close the day at a new closing price of $31.76, a 1.63% increase in value from its previous closing price that moved the stock 42.42% above its 52 week low of $23.04. A total of 5.28M shares exchanged hands during the day compared with its three month average trading volume of 5.33M. The stock, which fluctuated between $31.18 and $31.78 during the day, currently situated -14.37% below its 52 week high. The stock is down by -13.39% in the past one month and down by -5.25% over the past three months. With a one year target estimate of $38.64 and RSI of 34.51, the stock still has upside potential, making it a hold for now.

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

Newmont Mining Corporation (NEM) had a light trading with around 5.17M shares changing hands compared to its three month average trading volume of 8.01M. The stock traded between $36.75 and $37.72 before closing at the price of $37.65 with 1.21% change on the day. The Greenwood Village Colorado 80111 based company is currently trading 66.48% above its 52 week low of $23.12 and -18.1% below its 52 week high of $46.07. Both the RSI indicator and target price of 61.95 and $39.88 respectively, lead us to believe that it should be put on hold over the coming weeks.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold. It also explores for silver and copper properties. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2015, it had proven and probable gold reserves of 73.7 million ounces and an aggregate land position of approximately 20,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

 

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