NEW YORK, March 13, 2017 /PRNewswire/ --
Four Independent Oil and Gas equities have been aligned by Stock-Callers.com for review this morning, and they are Abraxas Petroleum Corp. (NASDAQ: AXAS), Gastar Exploration Inc. (NYSE MKT: GST), EQT Corp. (NYSE: EQT), and Gran Tierra Energy Inc. (NYSE MKT: GTE). These companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. They also receive the majority of their revenue from production at the wellhead. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in San Antonio, Texas-based Abraxas Petroleum Corp. ended 5.62% lower at $1.68. The stock recorded a trading volume of 2.16 million shares. The Company's shares are trading below their 200-day moving average by 4.97%. Furthermore, shares of Abraxas Petroleum, which engages in the acquisition, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 21.05.
On February 15th, 2017, Abraxas announced that as of December 31st, 2016, the Company's proved oil and natural gas reserves consisted of approximately 44.7 MMBoe compared to 2015 year-end reserves of 43.2 MMBoe. The Company's December 31st, 2016, reserves consisted of approximately 24.2 million barrels of oil, 8.6 million barrels of NGLs, and 70.8 billion cubic feet of natural gas. Proved developed producing reserves were 13.9 MMBoe and comprised 31% of proved reserves as of December 31st, 2016. The majority of the reserve additions came from the Williston Basin, where Abraxas benefited from an upward revision in the Company's Middle Bakken type curve to 832 MBoe from 530 MBoe at December 31st, 2015. Sign up and read the free research report on AXAS at:
Houston, Texas-based Gastar Exploration Inc.'s stock finished Friday's session 3.47% lower at $1.39. A total volume of 3.04 million shares was traded, which above their three months average volume of 2.15 million shares. The Company's shares have advanced 8.59% over the previous three months. The stock is trading above its 200-day moving average by 15.13%. 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 28.94.
On February 17th, 2017, research firm Williams Capital Group downgraded the Company's stock rating from 'Buy' to 'Hold', with a target price of $2 per share.
On March 10th, 2017, Gastar announced that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock and its 10.75% Series B Preferred Stock, both payable on March 31st, 2017 to holders of record at the close of business on March 20th, 2017. The March 2017 dividend payment on the Series A Preferred Stock will be an annualized 8.625% per share, which is equivalent to $0.1796875 per share. The dividend on the Series B Preferred Stock will be an annualized 10.75% per share, which is equivalent to $0.2239584 per share. The complimentary research report on GST can be downloaded at:
Shares in Pittsburgh, Pennsylvania headquartered EQT Corp. ended the session 0.75% lower at $57.08. A total volume of 3.37 million shares was traded, higher than their three months average volume of 2.09 million shares. The stock is trading below its 50-day moving average by 8.82%. Moreover, shares of EQT Corp., which together with its subsidiaries, operates as an integrated energy company in the US, have an RSI of 34.07.
On March 01st, 2017, EQT announced that Steven Schlotterbeck has officially assumed the role of CEO - taking over from David Porges, who retired from the position, staying on as Executive Chairman of EQT's Board of Directors for a period of one year. Register for free on Stock-Callers.com and access the latest report on EQT at:
Gran Tierra Energy
Calgary, Canada headquartered Gran Tierra Energy Inc.'s shares recorded a trading volume of 2.45 million shares, which was above their three months average volume of 1.75 million shares. The stock closed 0.80% lower at $2.47. The Company's shares are trading 8.40% below their 50-day moving average. Additionally, shares of Gran Tierra Energy, which engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil, have an RSI of 37.39.
On March 01st, 2017, Gran Tierra announced that funds flow from operations for Q4 2016 was $36.2 million compared with $23.5 million in the prior quarter. For Q4 2016, the Company's net loss was $127.4 million, or $0.36 per share basic and diluted, compared with $229.6 million, or $0.71 per share basic and diluted, in the prior quarter. At December 31st, 2016, Gran Tierra's cash and cash equivalents were $33.5 million. Get free access to your research report on GTE at:
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