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Stocks in the Spotlight: Plains All American Pipeline, L.P. (PAA), ONEOK, Inc. (OKE), Apache Corporation (APA)

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Plains All American Pipeline, L.P. (PAA) had a active trading with around 2.73M shares changing hands compared to its three month average trading volume of 2.52M. The stock traded between $30.77 and $31.75 before closing at the price of $31.27 with 0.03% change on the day. The Houston Texas 77002 based company is currently trading 125.93% above its 52 week low of $17.46 and -6.3% below its 52 week high of $33.95. Both the RSI indicator and target price of 47.04 and $33.93 respectively, lead us to believe that it should be put on hold over the coming weeks.

Plains All American Pipeline, L.P., through with its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. Its Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2015, this segment owned and leased 18,100 miles of active crude oil and NGL pipelines and gathering systems; 30 million barrels of active and above-ground tank capacity; 830 trailers; 142 transport and storage barges; and 64 transport tugs. The company’s Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, NGL, and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2015, it owned and operated approximately 80 million barrels of crude oil and refined products storage capacity; 25 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 31 billion cubic feet of base gas; 10 natural gas processing plants; 1 condensate processing facility; 7 fractionation plants; 28 crude oil and NGL rail terminals; 6 marine facilities; and 1,100 miles of active pipelines. Its Supply and Logistics segment purchases crude oil at the wellhead, pipeline, terminal, and rail facilities; purchases cargos at load port and various locations in transit; stores inventory, and NGL and natural gas; purchases NGL; resells or exchanges crude oil and NGL; transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels; and purchases and sells natural gas. As of December 31, 2015, it owned 13 million barrels of crude oil and NGL linefill; 5 million barrels of crude oil and NGL linefill; 990 trucks and 1,100 trailers; and 10,100 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

ONEOK, Inc. (OKE) continued its upward trend with the stock climbing 0.34% or $0.19 to close the day at $55.31 on active trading volume of 2.73M shares, compared to its three month average trading volume of 2.26M. The Tulsa Oklahoma 74103 based company has been outperforming the gas utilities group over the past 52 weeks, with the stock gaining 197.53%, compared to the industry which has advanced 14.75% over the same period. With RSI of 49.08, the stock should still continue to rise and get closer to its one year target estimate of $54.46, making it 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.

Apache Corporation (APA) shares were up in last trading by 0.81% to $57.38. It experienced lighter than average volume on day. The stock decreased in value by almost -3.79% over the past week and fell -9.66% in the past month. It is currently trading -9.11% below its 50 day moving average and -0.88% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -16.51% decrease in value from its one year high of $69. The RSI indicator value of 32.3, lead us to believe that it is a hold for now.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

 

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