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:
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