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Stocks Highlights: Republic Services, Inc. (RSG), ONEOK, Inc. (OKE), Targa Resources Corp. (TRGP)

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Republic Services, Inc. (RSG) had a active trading with around 1.92M shares changing hands compared to its three month average trading volume of 1.19M. The stock traded between $58.68 and $59.12 before closing at the price of $59.05 with -0.1% change on the day. The Phoenix Arizona 85054 based company is currently trading 36.68% above its 52 week low of $45.31 and -0.24% below its 52 week high of $59.19. Both the RSI indicator and target price of 72.74 and $57.33 respectively, lead us to believe that it could drop over the coming weeks.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. It operates in three segments: East, Central, and West. The company’s collection services include curbside collection of waste; supply of waste containers; and renting of compactors. It is also involved in the processing and sale of old corrugated cardboard, old newspapers, aluminum, glass, and other materials; and provision of landfill services. As of December 31, 2015, the company operated through 340 collection operations, 201 transfer stations, 193 active landfills, 67 recycling centers, and 12 salt water disposal wells, as well as 8 treatment, recovery, and disposal facilities in 41 states and Puerto Rico. It also operates 69 landfill gas and renewable energy projects. The company was founded in 1996 and is based in Phoenix, Arizona.

ONEOK, Inc. (OKE) continued its downward trend with the stock declining -0.84% or $-0.46 to close the day at $54.03 on light trading volume of 1.92M shares, compared to its three month average trading volume of 2.28M. The Tulsa Oklahoma 74103 based company has been outperforming the gas utilities group over the past 52 weeks, with the stock gaining 169.11%, compared to the industry which has advanced 11.68% over the same period. With RSI of 41.3, 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.

Targa Resources Corp. (TRGP) shares were down in last trading by -1.28% to $58.53. It experienced lighter than average volume on day. The stock decreased in value by almost -1.32% over the past week and fell -0.91% in the past month. It is currently trading 2.86% above its 50 day moving average and 26.64% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -5.34% decrease in value from its one year high of $61.83. The RSI indicator value of 51.27, lead us to believe that it is a hold for now.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 23,630 miles of natural gas pipelines, including 28 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2015, the company leased and managed approximately 716 railcars; 80 owned and leased transport tractors; and 20 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

 

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