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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 mostly lower on disappointing 1Q results: PCW index

HOUSTON, May 13, 2016 (PCW) -– Petchems companies’ stocks were mostly lower during the week, defying crude’s gains, as most firms reported softer earnings in the first quarter.

For the third consecutive week, the midstream segment bucked the overall trend with its average stock price up 19 cents, or 0.67%, to $29.10/share. Stock price losses on the week were reversed by Enterprise Product Partners’ 2.42% and Targa’s 3.08% gains. EPD reported its 1Q profit rose 2.9% year-on-year, while Targa’s quarterly dividend that beat the Street’s estimates led to heavy trading volumes Thursday.

The vinyls group took the week’s biggest hit with its average stock price down 64 cents, or 1.73%, to $36.62/share. Ply Gem and Armstrong World Industries led the pack in losses, thanks to softer 1Q results.

The aromatics/refinery segment was next. Its average stock price fell 45 cents, or 0.77% to $58.12/share. Alon was in the lead with its stock price declining 4.42% week-on-week. First-quarter earnings that missed analysts’ estimates by a mile led to several companies downgrading the company’s stock to a ‘sell.’

Finally, the olefins/polyolefins segment saw its average stock price shed 13 cents, or 0.23%, to $59.55/share. Williams bore the brunt of losses with its share price losing 7.39% during the week as buyout doubts continued to swirl and the company sunk to a 1Q net loss of $65 million. -– Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 29.10 28.91 0.19 0.67
Olefins/Polyolefins Average 59.55 59.68 -0.13 -0.23
Aros/Refinery Average 58.12 58.57 -0.45 -0.77
Vinyls Average 36.62 37.26 -0.64 -1.73
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.14 1.14 0.00 -0.32
Dow Jones Indices 17720.50 17660.71 59.79 0.34
S&P 500 2064.11 2050.63 13.48 0.66
WTI crude 46.70 44.32 2.38 5.37