Atlanta, GA – Scibility Media – 10/14/2014
This article discusses two oil and gas pipeline companies: Spectra Energy Partners, LP(NYSE:SEP) and Western Gas Partners, LP(NYSE:WES)
Spectra Energy Partners, LP(NYSE:SEP)announced that it will be presenting its third quarter earnings results before the markets open on Nov. 5th, 2014. On that date, the FORTUNE-500 pipeline and midstream company will also hosts an analyst conference call on that same date.
The company, which operates 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines, currently has a bid price of $47.50 x 200 and an offer price of $57.69 x 1,000. These prices suggest that the company’s value is currently highly liquid. Additionally, the company had a trading volume of 480,817 yesterday, a figure which is almost three times higher than its three month average volume of 165,522.
Western Gas Partners, LP(NYSE:WES) is another oil and gas pipeline with bid and offer prices that are highly different. The company currently has a bid price of $49.78 x 1,000 and an offer price of $69.54 x 100. These figures suggest that the company’s value could fluctuate in the near future.
On Sept. 26th, Mizuho began its coverage of the stock and assigned Western Gas Partners a “Buy” rating. Since that time, the stock has fallen $8.33 from a closing price of $74.17 to yesterday’s final mark of $65.84.
The Texas-based company has yet to announce when it intends to report its third quarter financial results. The company’s second quarter financial results report a net income of $67 million.
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