NEW YORK, November 30, 2016 /PRNewswire/ --
This morning, Stock-Callers.com reviews the performances of these Independent Oil and Gas companies: Harvest Natural Resources Inc. (NYSE: HNR), Clayton Williams Energy Inc. (NYSE: CWEI), Magellan Petroleum Corp. (NASDAQ: MPET), and Bellatrix Exploration Ltd (NYSE: BXE). On Tuesday, November 29, 2016, oil prices plummeted nearly 43% as some analysts have suggested that OPEC members might fail to agree on a production-cut deal today. Sign up today and download for free the research reports for the stocks covered today at:
Harvest Natural Resources
Houston, Texas headquartered Harvest Natural Resources Inc.'s stock finished Tuesday's session at $5.20, jumping 7.22%. A total volume of 267,284 shares was traded, which was above their three months average volume of 182,240 shares. Over the last month and the previous three months, the Company's shares have surged 27.45% and 128.07%, respectively. Additionally, the stock has gained 202.33% since the start of this year. Shares of the Company, which engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties, are trading above their 50-day and 200-day moving averages by 36.01% and 94.17%, respectively. Moreover, shares of Harvest Natural Resources have a Relative Strength Index (RSI) of 73.89.
On November 9th, 2016, Harvest Natural Resources reported Q3 2016 net loss of approximately $7.1 million, or $0.55 per diluted share, compared to net income of $5.7 million, or $0.52 per diluted share, for Q3 2015. On October 7th, 2016, the Company, and its wholly owned subsidiary, HNR Energia B.V., completed the sale of all of HNR Energia's 51% interest in Harvest Holding to Delta Petroleum N.V., a limited liability company organized under the laws of Curacao. HNR complete research report is just a click away at:
Clayton Williams Energy
Shares in Midland, Texas headquartered Clayton Williams Energy Inc. ended yesterday's session 3.46% lower at $95.58 with a total trading volume of 485,719 shares. The stock has gained 12.58% in the past month, 40.15% in the previous three months, and 223.23% on an YTD basis. Shares of the Company, which explores for, and develops and produces oil and natural gas primarily in Texas and New Mexico, are trading 3.10% above their 50-day moving average and 110.71% above their 200-day moving average. Moreover, Clayton Williams Energy's stock has an RSI of 42.86.
On November 2nd, 2016, the Company reported a net loss of $148.8 million, or $10.62 per share, for Q3 2016 compared to a net loss of $9.4 million, or $0.77 per share, for Q3 2015. Cash flow from operations for Q3 2016 was $24.1 million compared to $26.4 million for Q3 2015. Oil and gas sales for Q3 2016, excluding amortized deferred revenues, decreased $7.5 million compared to Q3 2015.
On November 7th, 2016, research firm Wunderlich reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $70 a share to $90 a share. The complimentary report on CWEI can be downloaded at:
On Tuesday, Denver, Colorado headquartered Magellan Petroleum Corp.'s stock rose 1.36%, to close the day at $5.95. A total volume of 168,963 shares was traded, which was higher than their three months average volume of 166,730 shares. The Company's shares have advanced 16.90% in the last one month, 8.18% in the previous three months, and 981.82% on an YTD basis. The stock is trading 11.62% and 109.59% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Magellan Petroleum, which operates as an independent oil and gas exploration and production company, have an RSI of 72.34. Sign up for your complimentary report on MPET at:
Shares in Calgary, Canada-based Bellatrix Exploration Ltd ended the day 3.68% lower at $0.74. A total volume of 769,884 shares was traded, which was above their three months average volume of 440,700 shares. The stock is trading below its 50-day moving average by 14.53%. Furthermore, shares of Bellatrix Exploration, which engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan, have an RSI of 35.56.
On November 25th, 2016, Bellatrix Exploration announced that Raymond G. Smith, the Company's President and CEO, has taken a temporary leave of absence to focus on a personal medical situation, and that in the interim, the Company has appointed Brent Eshleman as Interim President and CEO. Mr. Eshleman joined Bellatrix as Executive Vice President in July 2012 and was subsequently named Executive Vice President and COO in September 2014. Mr. Eshleman is a seasoned industry leader with over 30 years of oil and gas industry experience and a professional engineer by trade. Download the research report for free on BXE at:
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