Memorial Production Partners
Last Friday at the close, shares in Houston, Texas headquartered Memorial Production Partners L.P. ended 5.20% higher at $0.16. The stock recorded a trading volume of 585,553 shares. The Company's shares have advanced 31.50% on an YTD basis. The stock is trading below its 50-day moving average by 31.03%. Furthermore, shares of Memorial Production Partners, which through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties, have a Relative Strength Index (RSI) of 45.95.
On January 16th, 2017, Memorial announced that it has taken the next step to implement the financial restructuring contemplated under its previously announced Plan Support Agreements with certain of its noteholders and lenders. The Company has voluntarily filed for reorganization under Chapter 11 of the US Bankruptcy Code with the US Bankruptcy Court for the Southern District of Texas, Houston Division. The Company's operations and production are expected to continue as normal across its asset base throughout the court-supervised financial restructuring process. The Company expects to have sufficient liquidity to continue its operations and meet its obligations in the ordinary course. Sign up and read the free research report on MEMP at:
Shares in Houston, Texas headquartered Sanchez Energy Corp. ended the session 0.27% higher at $11.31 with a total trading volume of 3.23 million shares. The stock has gained 45.94% in the previous three months and 25.25% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.80% and 31.33%, respectively. Moreover, shares of Sanchez Energy, which engages in the exploration, acquisition, and development of oil and natural gas resources in the onshore US Gulf Coast, have an RSI of 41.31.
On February 02nd, 2017, research firm Piper Jaffray upgraded the Company's stock rating from 'Neutral' to 'Overweight'.
On February 22nd, 2017, Sanchez Energy reported revenues of approximately $126 million, up 15% on a y-o-y basis. The Company posted net income of $48.3 million for Q4 2016. Sanchez Energy reported adjusted earnings of $9.5 million for Q4 2016 compared to adjusted earnings of $2.0 million reported in Q4 2015. The complimentary research report on SN can be downloaded at:
Canadian Natural Resources
Calgary, Canada headquartered Canadian Natural Resources Ltd's stock finished Friday's session 2.01% lower at $28.81. A total volume of 3.80 million shares was traded, which was above their three months average volume of 2.66 million shares. The Company's shares are trading below their 200-day moving average by 6.66%. Additionally, shares of Canadian Natural Resources, which acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids, have an RSI of 38.15.
On February 02nd, 2017, research firm Desjardins upgraded the Company's stock rating from 'Hold' to 'Buy'.
On February 14th, 2017, Canadian Natural Resources announced that its year-end 2016 proved reserves increased 4% to 5.969 billion BOE with reserve additions and revisions of 551 million BOE. The Company's proved plus probable reserves increased 2% to 9.179 billion BOE with reserve additions and revisions of 433 million BOE. The Company reported that the net present value of future net revenues, before income tax, discounted at 10%, increased 6% to $69.3 billion for proved reserves and increased 4% to $92.3 billion for proved plus probable reserves. Register for free on Stock-Callers.com and access the latest report on CNQ at:
Hamilton, Bermuda-based Kosmos Energy Ltd's shares recorded a trading volume of 3.16 million shares, which was above their three months average volume of 2.44 million shares. The stock closed 0.33% lower at $5.99. The Company's shares have gained 19.09% in the previous three months. The stock is trading 2.71% above its 200-day moving average. Additionally, shares of Kosmos Energy, which explores for and produces oil and gas in Africa, Europe, and South America, have an RSI of 33.19. Get free access to your research report on KOS at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA