NEW YORK, December 30, 2016 /PRNewswire/ --
Stock-Callers.com explores the Independent Oil and Gas space to see how global oil conditions have influenced the current performances of select equities. Under review this morning are: Carrizo Oil & Gas Inc. (NASDAQ: CRZO), Jones Energy Inc. (NYSE: JONE), Gastar Exploration Inc. (NYSE MKT: GST), and EXCO Resources Inc. (NYSE: XCO). As per a Reuters' report, data released by the U.S. Energy Information Administration, showed that the U.S. crude stocks rose for the second straight week, gaining 614,000 barrels last week, as compared to the analysts' forecasts of a decline of 2.1 million barrels. Sign up today and download for free the research reports for the stocks covered today at:
Carrizo Oil & Gas
Houston, Texas-based Carrizo Oil & Gas Inc.'s stock finished Thursday's session 0.74% lower at $37.66 with a total trading volume of 535,386 shares. Over the last month and since the start of this year, the Company's shares have advanced 7.08% and 27.32%, respectively. The stock is trading above its 200-day moving average by 3.53%. Moreover, shares of Carrizo Oil & Gas, which together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the US, have a Relative Strength Index (RSI) of 45.88.
On November 3rd, 2016, Carrizo reported Q3 2016 loss from continuing operations of $101.2 million, or $1.72 per basic and diluted share, compared to a loss from continuing operations of $708.8 million, or $13.75 per basic and diluted share, in Q3 2015. For Q3 2016, adjusted EBITDA was $91.2 million, a decrease of 20% from Q3 2015. The Company's production volumes during Q3 2016 were 3,750 MBoe, or 40,762 Boe/d, an increase of 13% versus Q3 2015.
On December 9th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Accumulate' to 'Neutral'. CRZO complete research report is just a click away at:
Shares in Austin, Texas headquartered Jones Energy Inc. declined 2.94%, ending yesterday's session at $4.95 with a total trading volume of 527,417 shares. The stock has surged 30.26% in the past month, 46.88% in the previous three months, and 28.57% on an YTD basis. The Company's shares are trading 12.54% above their 50-day moving average and 26.30% above their 200-day moving average. Moreover, shares of Jones Energy, which engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent region of the US, have an RSI of 54.18.
On November 2nd, 2016, Jones Energy reported that total operating revenues for Q3 2016 were $33.4 million compared to $47.2 million for Q3 2015. For Q3 2016, the Company reported a net loss of $22.4 million and an adjusted net loss of $1.0 million compared to net income of $34.8 million and an adjusted net loss of $1.6 million for Q3 2015.
On December 19th, 2016, research firm Iberia resumed its 'Outperform' rating on the Company's stock, with a target price of $9 per share. The complimentary report on JONE can be downloaded at:
On Thursday, Houston, Texas-based Gastar Exploration Inc.'s stock rose 0.64%, to close the day at $1.57. A total volume of 716,498 shares was traded. The Company's shares have advanced 37.72% in the last one month, 86.90% in the previous three months, and 19.85% on an YTD basis. The stock is trading 26.86% and 42.30% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Gastar Exploration, which engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the US, have an RSI of 67.84.
On November 21st, 2016, Gastar Exploration announced the initial closing of the sale of certain non-core assets located in northeast Canadian and southeast Kingfisher counties, Oklahoma. Gastar received $46.4 million in the initial closing and the buyer has placed an additional $28.3 million into escrow. Release of escrow funds to Gastar is subject to certain title curative and other conditions. Sign up for your complimentary report on GST at:
Shares in Dallas, Texas-based EXCO Resources Inc. ended the day 1.95% lower at $0.90 with a total trading volume of 1.31 million shares. The stock is trading below its 50-day moving average by 15.26%. Shares of the Company, which engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the US, have an RSI of 28.94. Download the research report for free on XCO 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