NEW YORK, November 14, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Independent Oil and Gas space to see how some equities have been performing over the last few trading sessions. Research reports have been issued on: Cabot Oil & Gas Corp. (NYSE: COG), Devon Energy Corp. (NYSE: DVN), Anadarko Petroleum Corp. (NYSE: APC), and CONSOL Energy Inc. (NYSE: CNX). On Friday, November 11, 2016, oil prices headed lower after OPEC said October output rose to 33.64 million barrels per day in October, up 240,000 bpd from September. At 2:09 p.m. ET, Brent crude futures traded at $44.74 per barrel, down 2.4%, while U.S. West Texas Intermediate futures dropped 2.75% to $43.43 a barrel. Learn more about these stocks by accessing their free research reports at:
Cabot Oil & Gas
Shares in Houston, Texas headquartered Cabot Oil & Gas Corp. ended Friday's session 0.79% lower at $21.33 with a total trading volume of 5.83 million shares. The stock has advanced 21.02% on an YTD basis. The Company's shares are trading 8.88% below their 200-day moving average. Moreover, shares of Cabot Oil & Gas, which develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the US, have a Relative Strength Index (RSI) of 46.25.
On October 28th, 2016, the company reported that cash flow from operating activities in Q3 2016 was $105.4 million compared to $146.4 million in Q3 2015. The company's net loss in the reported quarter of 2016 was $10.3 million, or $0.02 per share, compared to net loss of $15.5 million, or $0.04 per share, in Q3 2015. Production in Q3 2016 was 150.8 billion cubic feet equivalent (Bcfe), consisting of 144.4 billion cubic feet (Bcf) of natural gas, 941.4 thousand barrels (Mbbls) of crude oil and condensate, and 129.6 Mbbls of natural gas liquids.
On October 31st, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $27 a share to $24 a share. Free research report on COG is available at:
Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s stock saw a drop of 2.99%, closing the day at $41.85 with a total trading volume of 5.29 million shares. The Company's shares have advanced 32.60% since the start of this year. The stock is trading 19.92% above its 200-day moving average. Additionally, shares of Devon Energy, which primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 51.84.
On November 1st, 2016, Devon Energy reported that operating cash flow reached $726 million in Q3 2016, a 117% increase compared to Q2 2016. Combined with proceeds received from the sale of non-core assets, Devon's total cash inflows for the quarter reached $2.4 billion. Devon's reported net earnings totaled $993 million, or $1.89 per diluted share, in Q3 2016. The complimentary research report on DVN can be downloaded at:
Last Friday, shares in The Woodlands, Texas headquartered Anadarko Petroleum Corp. declined 1.34%, closing the session at $61.04. The stock recorded a trading volume of 2.93 million shares. The Company's shares have advanced 11.89% over the previous three months and 26.02% on an YTD basis. The stock is trading 0.67% above its 50-day moving average and 17.28% above its 200-day moving average. Furthermore, shares of Anadarko Petroleum, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 51.29.
On November 10th, 2016, Anadarko Petroleum's Board of Directors declared a quarterly cash dividend on its common stock of $0.5 per share, payable December 28th, 2016, to stockholders of record at the close of business on December 14th, 2016.
On November 11th, 2016, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and access our complete research report on APC at:
Canonsburg, Pennsylvania headquartered CONSOL Energy Inc.'s shares finished the session 2.10% higher at $18.00 with a total trading volume of 4.46 million shares. The stock has advanced 0.39% in the previous three months and 128.16% on YTD basis. The Company's shares are trading above their 200-day moving average by 21.03%. Additionally, shares of CONSOL Energy, which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of 53.36.
On November 1st, 2016, CONSOL Energy reported net cash provided by operating activities in Q3 2016 of $163 million compared to $110 million in Q3 2015. The company reported net income from continuing operations of $63 million for the reported quarter, or $0.26 per diluted share.
On November 11th, 2016, research firm KLR Group upgraded the Company's stock rating from 'Accumulate' to 'Buy'. Get free access to your research report on CNX 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 email@example.com. 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