NEW YORK, March 14, 2017 /PRNewswire/ --
Stock-Callers.com today covers the Oil and Gas Drilling and Exploration industry, with focus on Bill Barrett Corp. (NYSE: BBG), Seadrill Partners LLC (NYSE: SDLP), Camber Energy Inc. (NYSE MKT: CEI), and Unit Corp. (NYSE: UNT). Many companies in this space are structured as trusts, limited partnerships or limited liability corporations, and on average pay much higher-than-average dividend yields. Sign up today and download for free the research reports for the stocks covered today at:
Denver, Colorado headquartered Bill Barrett Corp.'s stock finished Monday's session 3.15% higher at $4.58. A total volume of 2.66 million shares was traded, which was above their three months average volume of 2.17 million shares. The Company's shares are trading 27.69% below their 50-day moving average. Additionally, shares of Bill Barrett, which acquires, explores for, and develops oil and natural gas resources in the US, have a Relative Strength Index (RSI) of 24.16.
On March 02nd, 2017, Bill Barrett reported a net loss of $49 million, or $0.79 per diluted share, for Q4 2016. The Company's adjusted net income for Q4 2016 was a net loss of $11 million, or $0.18 per diluted share. EBITDAX for Q4 2016 was $46 million. The Company's total estimated proved reserves at year-end 2016 were 54.9 MMBoe compared to 83.7 MMBoe at year-end 2015.
On March 10th, 2017, research firm FBR & Co. initiated a 'Market Perform' rating on the Company's stock, with a target price of $6 per share. BBG complete research report is just a click away at:
On Monday, shares in London, the UK headquartered Seadrill Partners LLC recorded a trading volume of 628,745 shares. The stock ended the session 2.97% higher at $3.12. The Company's shares are trading 22.52% below their 200-day moving average. Moreover, shares of Seadrill Partners, which owns, operates, and acquires offshore drilling units, have an RSI of 31.87.
On March 13th, 2017, Seadrill Partners announced that it has secured a one well contract with Total E&P Cyprus B.V. for the West Capella in Cyprus. The contract is expected to commence in H2 2017 and backlog, estimated at 50 days, is expected to be approximately $10 million. The West Capella has recently been upgraded with a Managed Pressure Drilling system which is expected to be utilized as part of the upcoming work scope. The complimentary report on SDLP can be downloaded at:
Houston, Texas headquartered Camber Energy Inc.'s shares closed the day 3.86% lower at $0.57, with a total trading volume of 203,270 shares. The stock is trading 33.84% below its 50-day moving average. Shares of the Company, which engages in the exploitation, development, and production of crude oil, natural gas, and natural gas liquids in Texas and Oklahoma, have an RSI of 31.65.
On February 24th, 2017, Camber Energy announced that its newly formed subsidiary, Camber Permian II LLC ("CPII"), has entered into a definitive Purchase and Sale Agreement with private sellers to acquire oil and gas leases covering approximately 15,500 gross acres (13,000 net acres) in the Permian Basin for $11.03 million (known as the "Arrowhead Project"). The Arrowhead Project covers a contiguous block of acreage across the Yoakum and Cochran County line of the Permian Basin and includes a completed horizontal San Andres well and a salt-water disposal well, both currently shut-in. CPII will put the San Andres well back into production once the salt-water disposal well is placed into service. The transaction, which is targeted to close on or before March 30th, 2017, is subject to, among other things, certain purchase price adjustments pursuant to title confirmation and a customary due diligence investigation. Sign up for your complimentary report on CEI at:
Shares in Tulsa, Oklahoma-based Unit Corp. finished 0.50% higher at $22.26. The stock recorded a trading volume of 370,411 shares. The Company's shares are trading above their 200-day moving average by 11.14%. Furthermore, shares of Unit Corp., which together with its subsidiaries, operates as an oil and natural gas contract drilling company primarily in the US, have an RSI of 33.07.
On February 23rd, 2017, Unit recorded net income of $1.7 million, $0.03 per diluted share, for Q4 2016 compared to a net loss of $309.3 million, or $6.29 per share, for Q4 2015. Adjusted net income for Q4 2016 was $12.2 million, or $0.23 per diluted share. The Company's total revenues for Q4 2016 were $174.3 million (51% oil and natural gas, 19% contract drilling, and 30% midstream), compared to $172.3 million (44% oil and natural gas, 29% contract drilling, and 27% midstream) for Q4 2015. Adjusted EBITDA for Q4 2016 was $80.7 million, or $1.58 per diluted share. Download the research report for free on UNT at:
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