Enterprise Products Partners L.P. & Baker Hughes Co are at the top of this list of energy stocks on an uptrend.
Markets are mixed with Dow Jones up to 33,840, gaining 0.16%. Nasdaq trades at 12,039 after losing 0.17%.
Current market events are being influenced by ambiguous macro data as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
Enterprise Products Partners currently on a 23 day uptrend; gains $1.77 (+7.34%)
After ending yesterday at $26.69, Enterprise Products Partners is currently trading at $26.75. Recent share price strength coincides with Enterprise Products Partners's decision to disclose a quarterly dividend of 49 cents per share on Thursday, January 5th. Payments were made to all eligible shareholders on Tuesday, February 14th and, based on current prices, means investors will earn an annual dividend yield of 7.33%.
| Baker Hughes | 5.89% ($1.58) gain over 10 days
Currently trading at $30.19, Baker Hughes remains range-bound between $29.9 and $30.26. Baker Hughes reported earnings results Wednesday, with EPS at 0.15 and revenues at $5.72 billion; these results are mixed when compared to a consensus of 0.26 Earnings Per Share and $5.51 billion revenue. Since the release of its earnings report, Baker Hughes gained 2.34%. Based on current prices, Baker Hughes shareholders are currently earning an annual dividend yield of 2.52% after the company distributed a quarterly dividend of 19 cents per share for all eligible shareholders as of Monday, February 6th. The most recent payment was made on Friday, February 17th.
Baker Hughes reported earnings results Wednesday, with EPS at 0.15 and revenues at $5.72 billion; these results are mixed when compared to a consensus of 0.26 Earnings Per Share and $5.51 billion revenue. Since the release of its earnings report, Baker Hughes gained 2.34%.