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NGLs Week

NGLs Week Newsletter  

PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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Petchems stocks surge as crude, indexes strengthen: PCW index

HOUSTON, March 4, 2016 (PCW) -– Petchems companies’ stocks made gains week on week amid crude oil and economic indexes surges.

The midstream sector most closely followed WTI crude’s 4.54% increase during the week. Its average stock price was up $2.66, or 12.4%, to $24.08/share. In pole position was Oneok, whose shares climbed 24.47% on the week. Analysts have lifted their price targets for the Oklahoma-based company, with several calling it a ‘strong buy’ based on recent aggressive trading from institutional investors.

Next was the aromatics/refinery sector that saw its average stock price rise $3.47, or 6.22%, to $59.37/share. Alon USA Energy led the pack with a 14.39% gain during the week. On Monday, SEC filings showed the company paid out a quarterly dividend of $0.08/share, which beat Wall Street estimates.

The vinyls sector saw its average stock price climb $1.38, or 4.28%, to $33.59/share. Olin Corporation was the biggest mover in the group with its shares up 8.05% on news that several analysts had raised their price targets.

Finally, the olefins/polyolefins group’s average stock price rose $2.01, or 3.67%, to $56.71/share. Williams’ stock had a strong rally, advancing 12.85% week-on-week. Even as several analysts continued to downgrade the company’s stock rating from a ‘Hold’ to ‘Sell,’ several institutional investors moved in later in the week to buy, likely attracted by the deep discount to other companies in the same sector. – Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 24.08 21.42 2.66 12.40
Olefins/Polyolefins Average 56.71 54.70 2.01 3.67
Aros/Refinery Average 59.37 55.89 3.47 6.22
Vinyls Average 33.59 32.21 1.38 4.28
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.10 1.10 -0.01 -0.59
Dow Jones Indices 16943.69 16697.29 246.40 1.48
S&P 500 1993.40 1951.70 41.70 2.14
WTI crude 34.57 33.07 1.50 4.54