BreitBurn Energy Partners L.P.(BBEP) and Fifth Third Bancorp (FITB) Show Fighting Spirit, But Which Is Better Positioned?
New York, NY – GDP INSIDER – 03/19/2015.
This article discusses two companies: BreitBurn Energy Partners L.P.(NASDAQ:BBEP), and Fifth Third Bancorp (NASDAQ:FITB)
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) reversed its recent downward trend yesterday to close up 7.77% or $0.45 at $6.24 on light trading of 2.490 million shares, compared to its three month average trading volume of 3.863 million. The U.S. focused oil and natural gas producer had been taking a beating in line with the most recent declines in oil prices, as many investors move out the sector until the situation improves. BreitBurn Energy Partners L.P. has also suffered as it moved to reduce cash outflows to improve its liquidity by reducing its monthly distribution by 52% to $0.0833 per share earlier this year. Overall, the stock has not been performing that badly and until recently was outperforming the S&P 500, but recent losses have now pushed the share price down 10.85% YTD. Given the fiscal prudence BreitBurn Energy Partners L.P. has shown it has the potential to be a good medium to long term investment once oil begins to recover.
Fifth Third Bancorp (NASDAQ:FITB) continued to trade within the narrow range five day range of between $18.95 and $19.48 yesterday to close up 0.03% at $19.25 with 8.069 million shares changing hands, compared to its three month average trading volume of 9.788 million. This almost negligible gain came after the diversified financial services company passed its annual federal stress test that will allow it to return capital to shareholders, even though it is ranked in the bottom third of the banks tested. Fifth Third Bancorp’s stock has not been faring so well however, as it has been consistently underperforming the S&P 500 for the last 52 weeks and is down 5.50% so far this year, compared to the gain of 1.97% posted by the S&P 500 for the same period. With a one year target estimate of $21.30, the bank holding company is on course for further gains, making it a good potential medium to long term investment.
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