NEW YORK, February 22, 2017 /PRNewswire/ --
Stock-Callers.com has taken note of the recent performances of four equities in the Independent Oil and Gas industry which are: SM Energy Co. (NYSE: SM), Continental Resources Inc. (NYSE: CLR), Newfield Exploration Co. (NYSE: NFX), and EP Energy Corp. (NYSE: EPE). These companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. Learn more about these stocks by downloading their free research reports in PDF format at:
Denver, Colorado headquartered SM Energy Co.'s stock finished Tuesday's session 5.08% higher at $28.36. A total volume of 3.86 million shares was traded, which was above their three months average volume of 2.94 million shares. The Company's shares are trading below their 200-day moving average by 13.40%. Moreover, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America, have a Relative Strength Index (RSI) of 39.12.
On January 31st, 2017, SM Energy announced results on eight new wells located in Howard County in the Midland Basin, Texas. The Company noted that The Tackleberry 43-42 A 1WA, a 7,860' lateral Wolfcamp A completion, produced a peak average 30-day initial production rate of 2,262 Boe/d, which is among the highest 30-day rates per lateral foot recorded in the Midland Basin. SM Energy added that all eight wells are exceeding pre-completion estimates for productivity. Sign up and read the free research report on SM at:
Shares in Oklahoma City, Oklahoma-based Continental Resources Inc. rose 2.63%, ending yesterday's session at $47.18 with a total trading volume of 2.64 million shares. The stock is trading 1.08% below its 200-day moving average. Shares of the Company, which explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the US, have an RSI of 44.57.
On January 25th, 2017, Continental Resources announced full year 2017 capital expenditures budget of $1.95 billion, which is expected to accelerate production growth in H2 2017 to an exit rate of 250,000 to 260,000 barrels of oil equivalent (Boe) per day. The Company stated that crude oil is projected to account for approximately 59% of total production by year end compared to approximately 55% in Q4 2016. Continental Resources' Q4 2016 production averaged approximately 210,000 Boe per day, reflecting persistent severe weather in North Dakota since late November 2016. The Company expects production to range between 210,000 and 215,000 Boe per day through H1 2017.
On January 31st, 2017, research firm KLR Group upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on CLR can be downloaded at:
On Tuesday, The Woodlands, Texas headquartered Newfield Exploration Co.'s stock climbed 1.60%, to close the day at $42.49. A total volume of 2.86 million shares was traded, which was above their three months average volume of 2.36 million shares. The Company's shares have advanced 1.60% in the last one month, 6.76% in the previous three months, and 4.91% on an YTD basis. The stock is trading 0.25% above its 200-day moving average. Additionally, shares of Newfield Exploration, which engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the US, have an RSI of 53.21.
On February 21st, 2017, Newfield Exploration reported Q4 2016 net income of $13 million, or $0.07 per diluted share. After adjusting for the effect of unrealized derivative losses, net income would have been $98 million, or $0.49 per share. The Company's revenues for Q4 2016 were $415 million. Net cash provided by operating activities was $239 million. Newfield's total net production in Q4 2016 was 13.9 MMBOE; comprised of 44% oil, 18% natural gas liquids, and 38% natural gas. Register for free on Stock-Callers.com and access the latest report on NFX at:
Shares in Houston, Texas headquartered EP Energy Corp. ended the day 1.24% higher at $4.90. A total volume of 1.24 million shares was traded. The stock has gained 17.51% in the previous three months. The Company's shares are trading below their 200-day moving average by 0.57%. Furthermore, shares of EP Energy, which acquires and develops unconventional onshore oil and natural gas properties in the US, have an RSI of 35.65.
As per a SEC filing dated February 21st, 2017, EP Energy's Board of Directors approved the appointment of M. Cliff Ryan, Jr. to the Company's Board on February 20th, 2017. The appointment was made at the direction of certain affiliates of Riverstone Holdings LLC pursuant to the Riverstone's director appointment rights under the Company's Stockholders Agreement, dated as of August 30th, 2013. Get free access to your research report on EPE at:
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