Technical Roundup on Gas Utilities Stocks -- ONEOK, Clean Energy Fuels, Questar, and South Jersey Industries
NEW YORK, September 8, 2016 /PRNewswire/ --
Operators in the Gas Utilities space provide services connected to pipeline transmission, distribution, and delivery of natural gas. The global industry is forecasted to grow at a CAGR of 3.2% by the end of 2020. Stock-Callers reviews these equities today: ONEOK Inc. (NYSE: OKE), Clean Energy Fuels Corp. (NASDAQ: CLNE), Questar Corp. (NYSE: STR), and South Jersey Industries Inc. (NYSE: SJI). Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
ONEOK
On Wednesday, shares in Tulsa, Oklahoma headquartered ONEOK Inc. ended 1.34% higher at $49.92. The stock recorded a trading volume of 1.91 million shares. The Company's shares have advanced 9.52% in the last one month, 10.82% in the previous three months, and 114.35% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.66% and 47.90%, respectively. Furthermore, shares of ONEOK, which through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the US, have a Relative Strength Index (RSI) of 65.82.
On August 3rd, 2016, ONEOK net income of $86.0 million, or $0.40 per diluted share, for Q2 2016, compared to net income of $76.5 million, or $0.36 per diluted share, for Q2 2015. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in the reported quarter came in at $452.7 million, up compared to EBITDA of $385.7 million in the year ago period.
On August 16th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $39 a share to $46 a share. OKE complete research report is just a click away at: http://stock-callers.com/registration/?symbol=OKE
Clean Energy Fuels
Newport Beach, California headquartered Clean Energy Fuels Corp.'s stock finished Wednesday's session 0.86% higher at $4.68. A total volume of 2.00 million shares was traded. The Company's shares have surged 63.64% in the last one month, 22.83% over the previous three months, and 30.00% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 31.32% and 42.65%, respectively. Moreover, shares of Clean Energy Fuels, which provides natural gas as an alternative fuel for vehicle fleets in the US and Canada, have an RSI of 70.58.
On September 1st, 2016, Clean Energy Fuels announced that it has been awarded a multi-year contract for Washington Metropolitan Area Transit Authority, which provides transit services to more than 4 million people across the National Capital Region. The contract covers two transit stations that supply over 580 compressed natural gas transit vehicles and represents approximately 6 million Gasoline Gallon Equivalents per year. The complimentary report on CLNE can be downloaded at: http://stock-callers.com/registration/?symbol=CLNE
Questar
Shares in Salt Lake City, Utah headquartered Questar Corp. ended the session 0.08% higher at $25.06. The stock recorded a trading volume of 378,282 shares. The Company's shares have gained 0.28% in the last month, 1.00% over the previous three months, and 32.08% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.31% and 7.89%, respectively. Moreover, shares of Questar, which operates as an integrated natural gas company in the US, have an RSI of 56.18.
On August 23rd, 2016, Dominion Resources, Inc. and Questar announced that the Public Service Commission of Utah has approved their merger, subject to terms and conditions of an agreed settlement stipulation, thereby moving the proposed combination one step closer to finalization. With the PSC of Utah's action, the final regulatory approval needed to complete the merger is pending with the Wyoming Public Service Commission. The companies expect the transaction to close in 2016 shortly after final regulatory approval is received. Sign up for your complimentary report on STR at: http://stock-callers.com/registration/?symbol=STR
South Jersey Industries
Folsom, New Jersey-based South Jersey Industries Inc.'s stock recorded a trading volume of 291,707 shares and closed 0.36% lower at $30.11. The Company's shares have advanced 0.40% in the previous three months and 30.44% since the start of this year. The stock is trading 10.64% above its 200-day moving average. Additionally, shares of South Jersey Industries, which through its subsidiaries, provides energy-related products and services, have an RSI of 43.94.
On August 29th, 2016, South Jersey Industries` board of directors declared its regular dividend of $0.26375 per share for Q3 2016. The dividend is payable October 4th, 2016 to shareholders of record at the close of business September 9th, 2016. This is the company's 65th consecutive year of paying dividends. Download the research report for free on SJI at: http://stock-callers.com/registration/?symbol=SJI
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