NEW YORK, November 16, 2016 /PRNewswire/ --
Today, Stock-Callers.com directs investors' attention to four Independent Oil and Gas equities, namely: New Concept Energy Inc. (NYSE MKT: GBR), Gran Tierra Energy Inc. (NYSE MKT: GTE), Crescent Point Energy Corp. (NYSE: CPG), and Memorial Production Partners L.P. (NASDAQ: MEMP). On Tuesday, November 15, 2016, oil prices jumped nearly 6% on hopes of a production cut later this month. Learn more about these stocks by downloading their free report at:
New Concept Energy
Dallas, Texas headquartered New Concept Energy Inc.'s stock finished Tuesday's session 46.28% higher at $2.19. A total volume of 1.49 million shares was traded, which was above their three months average volume of 656,370 shares. The Company's shares have surged 103.15% on an YTD basis. The stock is trading above its 200-day moving average by 11.31%. Furthermore, shares of New Concept Energy, which through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the US, have a Relative Strength Index (RSI) of 52.24.
On November 15th, 2016, the company reported net loss for Q3 2016 of $164,000, or $0.08 per share, compared to a net loss of $75,000, or $0.04 per share, for Q3 2015. For the reported quarter, the Company recorded oil and gas revenues, net of royalty expenses of $190,000 compared to $232,000 for Q3 2015. The free research report on GBR is available at:
Gran Tierra Energy
On Tuesday, shares in Calgary, Canada headquartered Gran Tierra Energy Inc. ended the session at $3.16, soaring 11.27%. The stock recorded a trading volume of 1.49 million shares, which was above its three months average volume of 1.17 million shares. The Company's shares have gained 2.60% in the last one month, 6.76% over the previous three months, and 45.62% since the start of this year. The stock is trading 7.26% above its 50-day moving average and 12.41% above its 200-day moving average. Moreover, shares of Gran Tierra Energy, which engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil, have an RSI of 58.64.
On November 4th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On November 14th, 2016, Gran Tierra Energy stated that its Acordionero-5 well was drilled and cased as a producer in the Lisama A and C formations with 997 feet of gross oil pay. The well began producing on November 10th, 2016, and is currently on stable clean up at 1,557 barrel of oil per day, gas-oil ratio of 98 standard cubic feet per barrel and 1% water-cut. The complimentary report on GTE can be downloaded at:
Crescent Point Energy
Calgary, Canada headquartered Crescent Point Energy Corp.'s stock ended yesterday's session 5.01% higher at $11.94. A total volume of 1.57 million shares was traded, which was above their three months average volume of 860,250 shares. The Company's shares have advanced 3.27% on an YTD basis. The stock is trading 7.44% below its 50-day moving average. Additionally, shares of Crescent Point Energy, which acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the US, have an RSI of 48.30.
On November 11th, 2016, research firm Dundee upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On November 15th, 2016, Crescent Point Energy confirmed that the dividend to be paid on December 15th, 2016, in respect of November 2016 production for shareholders of record on November 30th, 2016, will be CDN$0.03 per share. Visit us today and download our complete research report on CPG for free at:
Memorial Production Partners
At the close on Tuesday, shares in Houston, Texas headquartered Memorial Production Partners L.P. recorded a trading volume of 466,511 shares. The stock finished 0.33% lower at $0.42. The Company's shares are trading below their 50-day moving average by 68.71%. 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 an RSI of 20.85.
On October 31st, 2016, research firm Stifel downgraded the Company's stock rating from 'Hold' to 'Sell'. The research firm also revised downwards its previous target price from $2 a share to $0.50 a share.
On November 1st, 2016, Memorial Production Partners announced that it has elected to not make an interest payment of approximately $24.6 million due on November 01st, 2016, on its 7.625% senior notes due 2021. Under the terms of the indenture governing the 2021 Notes, the Partnership has a 30-day grace period after the interest payment date before an event of default occurs. Get free access to your technical report on MEMP at:
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