Oil & Gas Stocks Technical Report -- Gran Tierra Energy, PDC Energy, Cimarex Energy, and EnLink Midstream Partners
NEW YORK, August 5, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com takes a closer look at these four Independent Oil and Gas stocks and their recent technical developments: Gran Tierra Energy Inc. (NYSEMKT: GTE), PDC Energy Inc. (NASDAQ: PDCE), Cimarex Energy Co. (NYSE: XEC), and EnLink Midstream Partners L.P. (NYSE: ENLK). On Wednesday, August 03, 2016, oil prices rose 3%, after the U.S. government reported a larger-than-expected gasoline inventory drawdown that offset a surprise build in crude stockpiles. Today's research reports on the aforementioned stocks are downloadable for free upon registration at: http://stock-callers.com/registration
Gran Tierra Energy
Calgary, Canada headquartered Gran Tierra Energy Inc.'s stock finished Thursday's session 2.26% higher at $2.71 with a total volume of 913,820 shares traded. The Company's shares have advanced 0.37% over the previous three months and 24.88% on an YTD basis. The stock is trading above its 200-day moving average by 5.47%. Furthermore, 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 a Relative Strength Index (RSI) of 39.87.
On August 2nd, 2016, Gran Tierra Energy announced that the release of its Q2 2016 financial and operating results is scheduled on August 8th, 2016 at approximately 6:00 a.m. ET. A conference call to discuss Q2 2016 results will be held at 11:00 a.m. ET on the same day. Visit us today and access our complete research report on GTE at: http://stock-callers.com/registration/?symbol=GTE
PDC Energy
On Thursday, shares in Denver, Colorado headquartered PDC Energy Inc. ended the session at $55.09, up 0.47%. The stock recorded a trading volume of 1.04 million shares. The Company's shares have gained 3.20% since the start of this year. The stock is trading 0.87% below its 50-day moving average. Moreover, shares of PDC Energy, which acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States, have an RSI of 52.82.
On July 08th, 2016, PDC Energy announced its plans to host a conference call with investors to discuss Q2 2016 results on August 9th, 2016 at 11:00 a.m. ET. The complimentary report on PDCE can be downloaded at: http://stock-callers.com/registration/?symbol=PDCE
Cimarex Energy
Denver, Colorado headquartered Cimarex Energy Co.'s stock ended yesterday's session 3.31% higher at $125.41. A total volume of 1.86 million shares was traded, which was above their three months average volume of 926,140 shares. The Company's shares have advanced 7.68% in the past month, 10.40% in the previous three months, and 40.68% on an YTD basis. The stock is trading 7.13% and 19.94% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cimarex Energy, which operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico, have an RSI of 60.57.
On August 3rd, 2016, Cimarex Energy reported a net loss of $270.3 million, or $2.91 per diluted share, including a non-cash impairment of oil and gas properties for Q2 2016. The company's adjusted net income (non-GAAP) came in at $7.0 million, or $0.07 per diluted share, for Q2 2016. During Q2 2016, total company production averaged 974 million cubic feet equivalent (MMcfe) per day, a 5% drop from Q2 2015.
On July 13th, 2016, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $120 a share to $142 a share. Register for free on Stock-Callers.com and access the latest research report on XEC at: http://stock-callers.com/registration/?symbol=XEC
EnLink Midstream Partners
At the close, shares in Dallas, Texas headquartered EnLink Midstream Partners L.P. recorded a trading volume of 671,611 shares. The stock finished 0.40% lower at $17.26. The Company's shares have gained 7.00% in the last one month, 30.39% over the previous three months, and 13.03% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.71% and 28.54%, respectively. Furthermore, shares of EnLink Midstream Partners, which through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services, have an RSI of 53.41.
On August 1st, 2016, a subsidiary of EnLink Midstream Partners, L.P. and EnLink Midstream, LLC and an affiliate of NGP Natural Resources XI, L.P. formed a strategic joint venture to operate and expand the Partnership's natural gas, natural gas liquids, and crude oil midstream assets in the liquids-rich Delaware Basin. The new expansion, named Lobo II, will include the installation of a cryogenic natural gas processing facility with capacity up to 120 million cubic feet per day and associated natural gas and liquids gathering pipeline infrastructure in Loving County, Texas, and Eddy and Lea counties, New Mexico. Get free access to your research report on ENLK at: http://stock-callers.com/registration/?symbol=ENLK
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article