A new report has revealed the growth potential of four different oil and gas refining and marketing companies.
A new study from Stock-Callers.com has reviewed some of the major companies in the oil and gas refining and marketing segment to identify the growth potential of each company. The companies that were studied are engaged in the production and transformation of liquefied petroleum gas products, as well as marketing operations such as O&G terminals and automobile service stations, and they include Delek US Holdings Inc., NGL Energy Partners L.P., CVR Energy Inc. and Sunoco L.P.
Delek US Holdings
On Wed., Aug. 31, shares in Brentwood, Tenn. headquartered Delek US Holdings Inc. recorded a trading volume of 781,283 shares. The stock ended the day at $17.55, declining 1.29%. The company’s shares have surged 41.43% in the last one month and 21.78% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 26.76% and 7.43%, respectively. Furthermore, shares of Delek US Holdings, which operates as an integrated energy company that operates in petroleum refining, wholesale distribution and convenience store retailing businesses, have a Relative Strength Index (RSI) of 73.37.
On August 29, 2016, Delek US Holdings, Inc. announced that it will sell MAPCO Express Inc., and certain related affiliated companies, to a U.S. subsidiary of Compañía de Petróleos de Chile COPEC S.A. for total cash consideration of $535 million plus MAPCO’s cash on hand at closing. This transaction is subject to customary closing conditions and is expected to close by year end.
On August 30, 2016, research firm Scotia Howard Weil reiterated its ‘Sector Perform’ rating on the Company’s stock with an increase of the target price from $15 a share to $18 a share.
NGL Energy Partners
Tulsa, Okla. headquartered NGL Energy Partners L.P.’s stock finished yesterday’s session 0.89% higher at $18.14 with a total trading volume of 618,968 shares. The company’s shares have gained 3.13% in the last one month, 11.52% over the previous three months, and 82.56% on an year-to-date (YTD) basis. The stock is trading above its 200-day moving average by 42.86%. Furthermore, shares of NGL Energy Partners, which through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane and refined products and renewables businesses in the US, have an RSI of 48.42.
On August 4, 2016, NGL Energy Partners reported net income for the quarter ended June 30th, 2016, of $182.8 million with revenues of $2.72 billion and cost of sales totaling $2.57 billion, resulting in $155.5 million of product margin. Distributable Cash Flow was $29.8 million for quarter ended June 30, 2016, compared to $52.9 million for quarter ended June 30, 2015.
At the closing bell on Wednesday, shares in Sugar Land, Texas headquartered CVR Energy Inc. saw a slight decline of 0.21%, ending the day at $14.59. The stock recorded a trading volume of 1.17 million shares, which was above its three months average volume of 1.02 million shares. The company’s shares have advanced 9.75% in the last one month. The stock is trading 2.53% above its 50-day moving average. Moreover, shares of CVR Energy, which through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the U.S., have an RSI of 56.43.
On July 28, 2016, CVR Energy announced second quarter 2016 net income of $28.4 million, or $0.33 per diluted share, on net sales of $1,283.2 million, compared to net income of $101.9 million, or $1.17 per diluted share, on net sales of $1,624.2 million for second quarter 2015.
Dallas-based Sunoco L.P.’s stock ended the day 1.52% lower at $29.78. A total volume of 633,315 shares was traded, which was higher than their three months average volume of 627,960 shares. The company’s shares are trading 0.23% above their 50-day moving average. Additionally, shares of Sunoco, which engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia and Hawaii, have an RSI of 46.79.
On August 15, 2016, research firm Morgan Stanley resumed its ‘Equal-Weight’ rating on the company’s stock.
On August 31, 2016, Sunoco announced the completion of the acquisition of the fuels business from Emerge Energy Services LP for $167.7 million, plus working capital adjustments. The Fuels Business includes two transmix processing plants with attached refined product terminals located in the Birmingham, Ala. and greater Dallas metro areas. Combined, the plants can process over 10,000 barrels per day of transmix, and the associated terminals have over 800,000 barrels of storage capacity.