On Wednesday, Verizon Communications Inc. (NYSE:VZ)’s shares declined -0.93% to $46.77. Verizon Communications Inc. (NYSE:VZ) is now worth about $192.09 billion. The share price has made a 2.66% gain in the past 5 days and has lost -0.02% since 2015 kicked off. Analysts are forecasting EPS growth of 2.51% for next fiscal year and 7.58% growth in the next 5 years. The stock trades with a beta of 0.39. The stock price is above by 1.11% as contrast to the average price over the last 200 days. The company has 60.00% gross margins.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Enterprise Products Partners L.P. (NYSE:EPD)’s shares dropped -0.28% to $24.90.
Enterprise Products Partners L.P. (EPD) declared it has accomplished construction, commissioned, and initiated operation of the remaining 162-mile portion of the Aegis ethane pipeline from Lake Charles, Louisiana to the Napoleonville, Louisiana area. The 270-mile, 20-inch diameter Aegis system originates at Mont Belvieu, Texas, which is the terminus for more than 3 million barrels per day of natural gas liquids (NGL) supply pipeline capacity, is connected to more than 2 million barrels per day (“BPD”) of industry fractionation capacity and is home to more than 110 million barrels of Enterprise-owned storage capacity. Combined with the partnership’s existing South Texas pipeline network, Aegis is an integral part of an ethane header system capable of serving more than 20 petrochemical facilities along the Texas and Louisiana Gulf Coast.
“We are happy to complete this final phase of the Aegis ethane pipeline,” said A.J. “Jim” Teague, chief operating officer of Enterprise’s general partner. “The Aegis system provides price-advantaged ethane feedstock and supply flexibility for the expanding network of petrochemical facilities along a 500-mile corridor between Corpus Christi, Texas and the Mississippi River. These facilities are predictable to represent more than 90 percent of domestic ethylene capacity within the next five years.”
The Aegis pipeline project has received strong interest, as indicated by the success of four open seasons, counting the most recent one held from November 1 to November 30, 2015. Customers have executed contracts totaling 360,000 BPD that will ramp up over the next four years. With additional pumps, the pipeline will have the capacity to transport about 400,000 BPD of ethane.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
Synergy Resources Corp (NYSEMKT:SYRG)‘s shares dipped -4.64% to $8.43. The last trading range of Synergy Resources Corp (NYSEMKT:SYRG), ranges between $8.37 and $8.86. The EPS of the company stands at $0.24. The 52-week range shows that the stock reached higher at $13.50 while its lower range is $7.90 in the last 52-weeks. The average volume of the company is at 1.74 million with the Outstanding Shares of 105.11 million. The market capitalization of the company is $929.18 million. The Beta of the company stands at 1.33 with the RSI (Relative Strength Index) of 34.35.
Synergy Resources Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in Colorado.
