NEW YORK, October 12, 2016 /PRNewswire/ --
Oil prices retreated on Tuesday, October 11, 2016 following IEA's report that global supplies rose in September. Today, Stock-Callers.com turns investors' attention to four Oil and Gas Drilling and Exploration operators to see how they have fared at the closing bell: Northern Oil and Gas Inc. (NYSE MKT: NOG), Enerplus Corp. (NYSE: ERF), Pioneer Energy Services Corp. (NYSE: PES), and W&T Offshore Inc. (NYSE: WTI). Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
Northern Oil and Gas
Shares in Wayzata, Minnesota-based Northern Oil and Gas Inc. ended Tuesday's session at $2.25, gaining 0.90%. The stock recorded a trading volume of 2.04 million shares, which was above its three months average volume of 1.07 million shares. The Company's shares are trading 29.86% below their 50-day moving average. Moreover, 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 a Relative Strength Index (RSI) of 28.27. NOG complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=NOG
Calgary, Canada headquartered Enerplus Corp.'s stock saw a slight drop of 0.54%, closing the day at $7.40, with a total trading volume of 1.03 million shares. The Company's shares have advanced 11.77% in the last month, 14.81% in the previous three months, and 122.00% on an YTD basis. The stock is trading 10.23% above its 50-day moving average and 47.10% above its 200-day moving average. Additionally, 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 64.55.
On October 7th, 2016, Enerplus announced that it will be releasing operating and financial results for the quarter ended September 30th, 2016 prior to market open on November 14th, 2016. A conference call will be hosted by Chief Executive Officer, Mr. Ian C. Dundas at 11:00 AM EST to discuss these results. The complimentary report on ERF can be downloaded at: http://stock-callers.com/registration/?symbol=ERF
On Tuesday, shares in San Antonio, Texas headquartered Pioneer Energy Services Corp. recorded a trading volume of 432,085 shares. The stock ended the day flat at $4.50. The Company's shares have gained 19.68% in the past month, 1.12% over the previous three months, 107.37% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 26.58% and 54.08%, respectively. Furthermore, shares of Pioneer Energy Services, which provides land-based drilling and production services to oil and gas exploration and production companies in the US and Colombia, have an RSI of 68.68.
On September 30th, 2016, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $5 per share. Sign up for your complimentary research report on PES at: http://stock-callers.com/registration/?symbol=PES
Houston, Texas headquartered W&T Offshore Inc.'s stock saw a decline of 4.94%, finishing yesterday's session at $1.54, with a total trading volume of 823,142 shares. Shares of the Company, which engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico, are trading below their 50-day moving average by 12.74%. The stock has an RSI of 37.22.
As per notes filed with the SEC on September 13th, 2016, W&T Offshore entered into a 1.5 Lien Term Loan Credit Agreement on September 7th, 2016, among the company, as borrower, Cortland Capital Market Services LLC, as administrative agent, and 1.5 lien collateral agent and the lenders party thereto, providing for term loans in an aggregate principal amount of $75.0 million. The loans under the 1.5 Lien Term Loan Credit Agreement are secured on a 1.5 lien priority basis by the same collateral that secures the company's revolving bank credit facility, including the company's oil and natural gas properties, and are guaranteed by certain of the company's wholly owned subsidiaries, including the subsidiaries that guarantee the company's revolving bank credit facility. The 1.5 Lien Term Loan Credit Agreement matures on November 15th, 2019; the loans under the 1.5 Lien Term Loan Credit Agreement bear interest at a rate per annum equal to 11.00%. Get free access to your research report on WTI at: http://stock-callers.com/registration/?symbol=WTI
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