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Daily Technical Summary Reports on Oil & Gas Stocks — QEP Resources, Centennial Resource Development, Boardwalk Pipeline Partners, and TransCanada

If you want a Stock Review on QEP, CDEV, BWP, or TRP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Oil and Gas Pipelines operators transport fuel through pipelines, often over great distances. Most of these companies are structured as Master Limited Partnerships, which help limit costs by passing tax obligations along to shareholders. In today’s pre-market research, DailyStockTracker.com dedicates attention to QEP Resources Inc. (NYSE: QEP), Centennial Resource Development Inc. (NASDAQ: CDEV), Boardwalk Pipeline Partners L.P. (NYSE: BWP), and TransCanada Corp. (NYSE: TRP). Register now and get full and free access to these DailyStockTracker.com research reports at: http://dailystocktracker.com/register/

QEP Resources

On Monday, shares in Denver, Colorado headquartered QEP Resources Inc. recorded a trading volume of 5.39 million shares, which was above their three months average volume of 5.34 million shares. The stock ended at $10.34, jumping 6.38% from the last trading session. The Company’s shares have gained 19.81% in the last one month and 38.79% over the previous three months. The stock is trading above its 50-day moving average by 24.91%. Furthermore, shares of QEP Resources, which through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the US, have a Relative Strength Index (RSI) of 74.62. 

On October 25th, 2017, QEP Resources reported Q3 2017 financial and operating results. Net loss for Q3 2017 was $3.3 million, adjusted EBITDA was $193.1 million, oil equivalent production was 14,124.1 Mboe, and lease operating expenses were $5.39 per Boe. Cash and cash equivalents were $782.6 million at the end of the quarter, and the Company had no borrowings under its unsecured revolving credit facility. Access our complete research report on QEP for free at: http://dailystocktracker.com/registration/?symbol=QEP

Centennial Resource Development

Denver, Colorado-based Centennial Resource Development Inc.’s stock finished yesterday’s session 2.22% higher at $20.74. A total volume of 3.24 million shares was traded, which was above their three months average volume of 1.23 million shares. The Company’s shares have gained 13.09% in the last one month, 25.02% over the previous three months, and 5.17% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.79% and 20.03%, respectively. Furthermore, shares of the Company, which together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the US, have an RSI of 75.86. 

On October 17th, 2017, research firm Bank of America/ Merrill initiated a ‘Buy’ rating on the Company’s stock.

On October 25th, 2017, Centennial Resource Development, together with its affiliates, announced that the management will host an earnings conference call on November 07th, 2017, at 10:00 a.m. ET. The call may be accessed on the Company’s website. The complimentary research report on CDEV can be downloaded at: http://dailystocktracker.com/registration/?symbol=CDEV

Boardwalk Pipeline Partners

At the close of trading on Monday, shares in Houston, Texas headquartered Boardwalk Pipeline Partners L.P. rose 2.47%, ending the day at $14.53. The stock recorded a trading volume of 1.29 million shares, which was above its three months average volume of 1.19 million shares. The Company’s shares are trading 1.39% below their 50-day moving average. Moreover, shares of the Company, which through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas, and natural gas liquids and other hydrocarbons in the US,  have an RSI of 50.39. 

On October 30th, 2017, Boardwalk Pipeline Partners announced that it has declared a quarterly cash distribution per common unit of $0.10 ($0.40 annualized), payable on November 16th, 2017, to unit-holders of record as of November 09th, 2017. Register for free on DailyStockTracker.com and get access to the latest report on BWP at: http://dailystocktracker.com/registration/?symbol=BWP

TransCanada

Calgary, Canada headquartered TransCanada Corp.’s shares ended the day 1.38% higher at $48.55. A total volume of 824,983 shares was traded, which was above their three months average volume of 804,940 shares. The stock has gained 7.53% on an YTD basis. The Company’s shares are trading 0.79% above their 200-day moving average. Additionally, shares of TransCanada, which operates as an energy infrastructure company in North America, have an RSI of 47.54. 

On October 25th, 2017, TransCanada announced that the Company has entered into an agreement to sell its Ontario solar portfolio, which comprises eight facilities with a total generating capacity of 76 megawatts, to Axium Infinity Solar L.P., a subsidiary of Axium Infrastructure Canada II Limited Partnership, for approximately $540 million. The transaction is expected to close by the end of 2017, subject to certain regulatory and other approvals as well as customary closing adjustments. Download your free research report on TRP at: http://dailystocktracker.com/registration/?symbol=TRP

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