Oil & Gas Stocks Technical Report -- Gran Tierra Energy, PDC Energy, Cimarex Energy, and EnLink Midstream Partners

Aug 05, 2016, 08:50 ET from Chelmsford Park SA

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


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