Oil & Gas Stocks Technical Reports -- Enterprise Products Partners, Range Resources, EP Energy, and Continental Resources

Sep 08, 2016, 07:51 ET from Chelmsford Park SA

NEW YORK, September 8, 2016 /PRNewswire/ --

Stock-Callers.com has issued research reports on four Independent Oil and Gas equities, namely: Enterprise Products Partners L.P. (NYSE: EPD), Range Resources Corp. (NYSE: RRC), EP Energy Corp. (NYSE: EPE), and Continental Resources Inc. (NYSE: CLR). The global oil market is expected to remain susceptible to sharp price swings for years to come, as the Oil & Gas industry has slashed capital investments by $620 billion globally through 2020. Download the free research reports on these stocks today:


Enterprise Products Partners  

Houston, Texas-based Enterprise Products Partners L.P.'s shares saw a slight decline of 0.18% and finished Wednesday's trading session at $27.11. A total volume of 4.61 million shares was traded, which was above their three months average volume of 4.29 million shares. Since the start of this year, the stock has advanced 5.98%. The Company's shares are trading above their 200-day moving average by 5.74%. Moreover, shares of Enterprise Products Partners, which provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products, have a Relative Strength Index (RSI) of 49.71.

On August 31st, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $33 a share to $32 a share.

On September 1st, 2016, Enterprise Products Partners L.P. announced that the first cargo of ethane to be exported from Enterprise's Morgan's Point, Texas terminal has been loaded. The M/V JS INEOS Intrepid, loaded with approximately 265,000 barrels of ethane, set sail from the facility this morning en route to the INEOS facility at Rafnes in Norway. The Morgan's Point ethane export facility, which is the largest of its kind in the world, has a design loading capacity of 10,000 barrels per hour. See our free and comprehensive research report on EPD at:


Range Resources  

On Wednesday, shares in Fort Worth, Texas headquartered Range Resources Corp. recorded a trading volume of 2.33 million shares, and ended the session 0.55% higher at $41.81. The stock has gained 2.75% in the last one month and 70.08% on an YTD basis. The Company's shares are trading 1.66% above their 50-day moving average and 20.48% above their 200-day moving average. Furthermore, shares of Range Resources, which operates as an independent natural gas, natural gas liquids, and oil company, have an RSI of 57.38.

On September 2nd, 2016, Range Resources announced that its Board of Directors declared a quarterly cash dividend on its common stock for Q3.  A dividend of $0.02 per common share is payable on September 30th, 2016 to stockholders of record at the close of business on September 16th, 2016. RRC free research report PDF is just a click away at:


EP Energy  

Shares in Houston, Texas headquartered EP Energy Corp. closed the day at $4.42, up 0.23% from the previous session. The stock recorded a trading volume of 3.04 million shares. The Company's shares have gained 0.23% in the last one month and 0.91% on an YTD basis. The stock is trading 2.14% above its 50-day moving average and 0.26% above its 200-day moving average. Additionally, shares of EP Energy, which acquires and develops unconventional onshore oil and natural gas properties in the US, have an RSI of 55.25.

As per notes filed with the SEC on August 24th, 2016, EP Energy LLC a wholly-owned subsidiary of EP Energy, entered into a consent and exchange agreement in connection with the previously announced offer to the lenders under its Term Loan Agreement dated as of April 24th, 2012 to exchange their existing Tranche B-3 term loans maturing May 2018 and Tranche B-2 term loans maturing April 2019, for a like principal amount of new term loans with an interest rate of LIBOR plus 8.75%, with a floor of 1.00%, and a maturity date of June 30th, 2021. Sign up for your complimentary report on EPE at:


Continental Resources  

At the closing bell yesterday, shares in Oklahoma City, Oklahoma-based Continental Resources Inc. ended 0.28% higher at $50.55 and with a total volume of 2.04 million shares traded. The stock has surged 10.54% in the last one month, 16.47% over the previous three months, and 119.97% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 10.34% and 47.61%, respectively. Furthermore, shares of Continental Resources, which explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the US, have an RSI of 63.65.

On August 19th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $50 a share to $59 a share. Register for free on Stock-Callers.com and download the latest research report on CLR at:



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SOURCE Chelmsford Park SA