Highest Return on Equity in the Oil & Gas Storage & Transportation Industry Detected in Shares of Energy Transfer Equity (ETE, OKE, MMP, GEL, HEP)
Below are the three companies in the Oil & Gas Storage & Transportation industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.
Energy Transfer Equity ranks highest with a ROE of 74.7%. Following is Oneok with a ROE of 60.5%. Magellan Midstream Partners ranks third highest with a ROE of 45.5%.
Genesis Energy follows with a ROE of 25.3%, and Holly Energy Partners rounds out the top five with a ROE of 24.9%.
SmarTrend recommended that subscribers consider buying shares of Oneok on August 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $46.92. Since that recommendation, shares of Oneok have risen 7.0%. We continue to monitor Oneok for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest return on equity energy transfer equity oneok magellan midstream partners amex:gel genesis energy holly energy partners