Oil & Gas Stocks on Investors' Radar -- Halcon Resources, Pengrowth Energy, Enerplus, and Northern Oil and Gas
NEW YORK, March 3, 2017 /PRNewswire/ --
Today, Stock-Callers.com uncovers four Oil and Gas Drilling and Exploration stocks, which are Halcon Resources Corp. (NYSE: HK), Pengrowth Energy Corp. (NYSE: PGH), Enerplus Corp. (NYSE: ERF), and Northern Oil and Gas Inc. (NYSEMKT: NOG). These companies operate in the Basic Materials sector which is poised to outperform this year after posting strong gains of 14.1% in 2016, versus a 9.5% gain in the S&P 500 index. According to an article on US News & World Report, CFRA Research recommends an "Overweight" rating to the sector amid forecasts of strong, above-market EPS growth in 2017. Learn more about these stocks by downloading their comprehensive and free reports at:
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Halcon Resources
On Thursday, shares in Houston, Texas headquartered Halcon Resources Corp. recorded a trading volume of 2.51 million shares, which was higher than their three months average volume of 1.35 million shares. The stock ended at $8.04, dropping 4.06% from the last trading session. The Company's shares are trading above their 200-day moving average by 44.07%. Furthermore, shares of Halcon Resources, which engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 37.35.
On February 28th, 2017, Halcón reported that production for the three months and full year ended December 31st, 2016, averaged 38,620 barrels of oil equivalent per day (Boe/d) and 37,049 Boe/d, respectively. Halcón generated total revenues of $130.3 million for Q4 2016 and $420.2 million for the full year 2016. The Company's adjusted EBITDA totaled $131.6 million and $518.6 million for Q4 and full year 2016, respectively. After adjusting for selected items, the Company's net income was $60.6 million, or $0.66 per diluted share, for Q4 2016.
On March 01st, 2017, research firm Johnson Rice upgraded the Company's stock rating from 'Hold' to 'Accumulate'. HK complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=HK
Pengrowth Energy
Calgary, Canada headquartered Pengrowth Energy Corp.'s stock finished yesterday's session 2.38% lower at $1.23 with a total trading volume of 797,586 shares. The Company's shares are trading below their 50-day moving average by 9.72%. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada, have an RSI of 43.13.
On February 28th, 2017, Pengrowth delivered full year 2016 funds flow of $429.7 million ($0.79 per share), which was slightly lower than funds flow of $459.3 million ($0.85 per share) for the same period in 2015. Pengrowth realized a total of $385.7 million ($18.47 per boe) for the full year from its commodity risk management program. In Q4 2016, Pengrowth monetized its foreign exchange swap contracts on its US dollar denominated term debt for cash proceeds of $47.0 million. The complimentary report on PGH can be downloaded at:
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Enerplus
At the close of trading on Thursday, shares in Calgary, Canada headquartered Enerplus Corp. saw a decline of 3.49%, ending the day at $8.85. The stock recorded a trading volume of 914,862 shares. The Company's shares have advanced 20.38% in the previous three months. The stock is trading 20.39% above its 200-day moving average. Moreover, shares of Enerplus, which together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the US and Canada, have an RSI of 44.94.
On February 24th, 2017, Enerplus reported Q4 2016 net income of $840.3 million, or $3.43 per diluted share. For the year ended December 31st, 2016 Enerplus reported net income of $397.4 million, or $1.72 per diluted share, compared with a net loss of $1,523.4 million, or $7.39 per share, for full year 2015. Enerplus generated Q4 2016 adjusted funds flow of $107.7 million, an increase of 34% from Q3 2016. Sign up for your complimentary research report on ERF at:
http://stock-callers.com/registration/?symbol=ERF
Northern Oil and Gas
Wayzata, Minnesota-based Northern Oil and Gas Inc.'s stock ended the day 4.69% lower at $3.05 with a total trading volume of 653,472 shares. The Company's shares have gained 60.53% over the previous three months and 10.91% on an YTD basis. The stock is trading 5.31% below its 50-day moving average. Additionally, shares of Northern Oil and Gas, which engages in the acquisition, exploration, development, and production of oil and natural gas properties in the US, have an RSI of 45.53.
On March 01st, 2017, Northern Oil announced that production totaled 1,259,274 barrels of oil equivalent for Q4 2016, averaging 13,688 Boe per day, or 2% higher than Q3 2016. The Company's adjusted net income for Q4 2016 was $2.4 million, or $0.04 per diluted share. Adjusted EBITDA for Q4 2016 was $35.1 million. Get free access to your research report on NOG at:
http://stock-callers.com/registration/?symbol=NOG
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