NEW YORK, August 24, 2016 /PRNewswire/ --
Currently under assessment on Stock-Callers.com are the following Oil and Gas Drilling and Exploration equities: Concho Resources Inc. (NYSE: CXO), RSP Permian Inc. (NYSE: RSPP), Enerplus Corp. (NYSE: ERF), and W&T Offshore Inc. (NYSE: WTI). These companies are involved in upstream operations and the search for underground or underwater crude oil or natural gas fields. These stocks research reports can be downloaded now by simply registering for free at:
On Tuesday, shares in Midland, Texas headquartered Concho Resources Inc. recorded a trading volume of 1.30 million shares. The stock ended the session 0.59% higher at $134.02. The Company's shares have gained 13.13% in the last one month, 13.89% in the previous three months, and 44.32% since the start of this year. The stock is trading 8.30% above its 50-day moving average and 24.40% above its 200-day moving average. Moreover, shares of Concho Resources, which engages in the acquisition, development, exploration, and production of oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 60.48.
On August 15th, 2016, Concho Resources announced that it has reached a definitive agreement to acquire approximately 40,000 net acres in the core of the Midland Basin from Reliance Energy, a privately held, Midland-based energy company, for $1.625 billion. The acquisition expands the company's core Midland Basin position to more than 150,000 net acres and production of 30 thousand barrels of oil equivalent per day. Your complete research report on CXO can be retrieved for free at:
Dallas, Texas headquartered RSP Permian Inc.'s stock closed the day 0.51% higher at $39.23 with a total trading volume of 906,342 shares. The Company's shares have advanced 16.48% in the past month, 21.30% over the previous three months, and 60.84% on an YTD basis. The stock is trading 10.06% and 34.35% above its 50-day and 200-day moving averages, respectively. Additionally, shares of RSP Permian, which engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, have an RSI of 59.36.
On August 8th, 2016, RSP Permian reported that total revenues, excluding the revenue impact from realized derivative instruments, were $81.5 million for the quarter ended June 30th, 2016, a 4% increase over the prior year's quarter revenues of $78.5 million. The company's net loss for Q2 2016 was $9.8 million, or ($0.10) per diluted share, while net loss for the prior year's quarter was $5.5 million, or ($0.07) per diluted share. Production volumes for the quarter ended June 30th, 2016 averaged 26,407 Boe/d or a total of 2,403 MBoe, an increase of 33% over prior year's Q2 of 19,879 Boe/d.
On August 10th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $41 a share to $44 a share. RSPP free report is just a click away at:
Shares in Calgary, Canada headquartered Enerplus Corp. recorded a trading volume of 694,976 shares and ended yesterday's trading session 0.94% higher at $7.49. The stock has advanced 24.58% in the past month, 51.33% in the previous three months, and 124.15% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 16.29% and 61.10%, respectively. Furthermore, shares of Enerplus, which together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the US and Canada, have an RSI of 65.16.
On August 19th, 2016, Enerplus Corp. announced that a cash dividend of CDN$0.01 per share will be payable on September 15th, 2016 to all shareholders of record at the close of business on August 31st, 2016. The company stated that the US dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Sign up for your complimentary research report on ERF at:
Houston, Texas headquartered W&T Offshore Inc.'s stock finished the session flat at $1.89 with a total trading volume of 708,829 shares. Shares of the Company, which acquires, explores, and develops oil and natural gas properties in the Gulf of Mexico, are trading below their 50-day moving average by 9.27%. The stock has an RSI of 42.34.
On August 16th, 2016, W&T Offshore announced that, with respect to its previously announced exchange offer of its outstanding 8.500% Senior Notes due 2019, it has extended the Early Participation Date to 5:00 p.m. (ET) on August 30th, 2016, eliminated the Minimum Tender Condition, and increased the maximum consideration being offered. Register for free on Stock-Callers.com and download the latest research report on WTI 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
CONTACT 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: Email: firstname.lastname@example.org 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