How Oil & Gas Stocks are Faring? -- Abraxas Petroleum, Matador Resources, Energen, and Bellatrix Exploration

Aug 16, 2016, 07:50 ET from Chelmsford Park SA

NEW YORK, August 16, 2016 /PRNewswire/ --

Ahead of today's trading session, Stock-Callers.com covers four Independent Oil and Gas equities, which are Abraxas Petroleum Corp. (NASDAQ: AXAS), Matador Resources Co. (NYSE: MTDR), Energen Corp. (NYSE: EGN), and Bellatrix Exploration Ltd (NYSE: BXE). On Monday, August 15, 2016, sweet crude for September delivery advanced 2.8% at $45.74 a barrel on the New York Mercantile Exchange. Meanwhile, the global benchmark, Brent climbed 2.9% to $48.35 a barrel. Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration

Abraxas Petroleum  

San Antonio, Texas-based Abraxas Petroleum Corp.'s stock finished Monday's session 2.96% higher at $1.39 with a total volume of 1.25 million shares traded. The Company's shares have advanced 14.88% in the past month and 31.13% on an YTD basis. The stock is trading 17.34% above its 50-day moving average and 22.34% above its 200-day moving average. Additionally, shares of Abraxas Petroleum, which engages in the acquisition, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 66.04.

On August 10th, 2016, Abraxas Petroleum reported net loss for the three months ended June 30, 2016 of $46.9 million, or $0.40 per share, compared to a net loss of $6.6 million, or $0.06 per share, for the three months ended June 30, 2015.  The company reported that production for Q2 2016 averaged approximately 4,883 Boepd (2,844 barrels of oil per day, 7,561 mcf of natural gas per day, 779 barrels of NGLs per day). Access our complete research report on AXAS for free at: http://stock-callers.com/registration/?symbol=AXAS

Matador Resources  

On Monday, shares in Dallas, Texas headquartered Matador Resources Co. recorded a trading volume of 1.16 million shares. The stock ended the session 2.65% higher at $23.66. The Company's shares have advanced 7.30% in the last one month, 8.38% in the previous three months, and 19.68% since the start of this year. The stock is trading 10.09% above its 50-day moving average and 15.64% above its 200-day moving average. Moreover, shares of Matador Resources, which engages in the exploration, development, production, and acquisition of oil and natural gas resources in the US, have an RSI of 64.95.

On August 4th, 2016, Matador Resource reported net loss of $105.9 million, or $1.15 per diluted share, versus a net loss of $157.1 million, or $1.89 per diluted share, in Q2 2015. The company saw record average daily production of approximately 28,000 barrels of oil equivalent ("BOE") per day, an increase of 5% year-over-year, as compared to approximately 26,600 BOE per day in Q2 2015.

On August 08th, 2016, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $25 a share to $28 a share. The complimentary research report on MTDR can be downloaded at:

http://stock-callers.com/registration/?symbol=MTDR

Energen  

Shares in Birmingham, Alabama headquartered Energen Corp. closed the day 1.90% higher at $54.21. The stock recorded a trading volume of 879,097 shares. The Company's shares have gained 10.12% in the last month, 20.49% in the previous three months, and 32.25% on an YTD basis. The stock is trading 12.90% above its 50-day moving average and 26.97% above its 50-day moving average. Additionally, shares of Energen, which through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico, have an RSI of 67.81.

On August 8th, 2016, for the 3 months ended June 30, 2016, Energen reported GAAP net income from all operations of 36.8 million, or $0.38 per diluted share. Excluding certain items, the company reported adjusted loss of $27.1 million, or $(0.28) per diluted share, for Q2 2016 compared to adjusted income in 2Q15 of $11.9 million, or $0.16 per diluted share, in the year ago quarter.

On August 10th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $60 a share to $63 a share. Register for free on Stock-Callers.com and get access to the latest PDF format report on EGN at: http://stock-callers.com/registration/?symbol=EGN

Bellatrix Exploration  

At the close, shares in Calgary, Canada-based Bellatrix Exploration Ltd ended the day at $0.81, jumping 6.75%. The stock recorded a trading volume of 749,148 shares. The Company's shares are trading below their 50-day moving average by 20.16%. Furthermore, shares of Bellatrix Exploration, which engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan, have an RSI of 36.57. Download your free research report on BXE at: http://stock-callers.com/registration/?symbol=BXE

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