Will Morgan Stanley (MS) Stock Be Helped By Plan to Build U.S. Compressed Natural Gas Export Facility?

NEW YORK (TheStreet) -- Morgan Stanley  (MS)  has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business, Reuters reports.

In a 23-page application to the Department of Energy's Office of Fossil Energy submitted in May, the bank outlined a proposal to build, own and operate a compression and container loading facility near Freeport, TX, which will have capacity to ship 60 billion cubic feet a year of compressed natural gas, Reuters said.

Shares of Morgan Stanley are slightly higher in pre-market trade at $34.10.

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TheStreet Ratings team rates MORGAN STANLEY as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate MORGAN STANLEY (MS) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

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