NEW YORK, May 15, 2017 /PRNewswire/ --
Independent Oil and Gas companies are engaged in the exploration and production of oil and gas. Their operations can be as simple as owning and operating a handful of wells, and selling the oil and gas produced directly from the wellhead into the pipeline system. Pre-market, Stock-Callers.com monitors these four stocks: Abraxas Petroleum Corp. (NASDAQ: AXAS), Continental Resources Inc. (NYSE: CLR), Enbridge Energy Management L.L.C. (NYSE: EEQ), and National Fuel Gas Co. (NYSE: NFG). Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in San Antonio, Texas headquartered Abraxas Petroleum Corp. ended 6.04% higher at $1.93. The stock recorded a trading volume of 1.31 million shares. The Company's shares are trading below their 200-day moving average by 0.36%. Furthermore, shares of Abraxas Petroleum, which engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 52.97.
On May 09th, 2017, Abraxas Petroleum reported financial and operating results for Q1 2017. The three months ended March 31st, 2017 resulted in production of 614 MBoe (6,822 Boepd); revenue of $18.8 million; net income of $13.7 million, or $0.09 per share; adjusted net income, excluding certain non-cash items, of $4.9 million, or $0.03 per share; EBITDA of $11.7 million; and adjusted EBITDA per bank loan covenants of $15.5 million. Sign up and read the free research report on AXAS at:
Oklahoma City, Oklahoma-based Continental Resources Inc.'s stock finished Friday's session 0.19% higher at $42.06 with a total trading volume of 2.34 million shares. The Company's shares are trading below their 50-day moving average by 4.28%. Shares of the Company, 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 44.72.
On May 03rd, 2017, Continental Resources announced Q1 operating and financial results. The Company reported net income of $0.47 million, or $0.00 per diluted share, for the quarter ended March 31st, 2017. Net cash provided by operating activities was $470.2 million, EBITDAX was $482.5 million, and net production totaled 19.2 million barrels of oil equivalent for the quarter.
On May 05th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. The complimentary research report on CLR can be downloaded at:
Enbridge Energy Management
Shares in Houston, Texas headquartered Enbridge Energy Management L.L.C. ended the session 2.42% higher at $16.95. A total volume of 802,510 shares was traded, which was higher than their three months average volume of 480,090 shares. The stock is trading below its 50-day moving average by 3.99%. Moreover, shares of Enbridge Energy Management, which owns and operates crude oil and liquid petroleum transportation and storage assets in the US, have an RSI of 43.00.
On May 04th, 2017, Enbridge Energy Management confirmed that its previously declared share distribution, to be paid on May 15th, 2017, will consist of 1.9493 additional shares for each 100 shares of record on May 08th, 2017. The distribution of additional shares is based on the notional cash value of the declared distribution of $0.35 per share and the average closing price of Enbridge shares for the ten consecutive trading days prior to the ex-dividend date. Register for free on Stock-Callers.com and access the latest report on EEQ at:
National Fuel Gas
Williamsville, New York-based National Fuel Gas Co.'s shares recorded a trading volume of 329,838 shares. The stock closed 0.25% higher at $56.71. The Company's shares have gained 4.92% in the past month and 0.81% since the start of this year. The stock is trading 1.31% above its 200-day moving average. Additionally, shares of National Fuel Gas, which operates as a diversified energy company, have an RSI of 53.75.
On April 19th, 2017, research firm Jefferies upgraded the Company's stock rating from 'Underperform' to 'Hold'.
On May 05th, 2017, National Fuel Gas announced consolidated results for Q2 FY17 and for the six months ended March 31st, 2017. Highlights for Q2 FY17 included consolidated net income of $89.3 million, adjusted EBITDA of $227.0 million, and net production of 45.6 Bcfe. The Company also raised and tightened its fiscal 2017 earnings guidance to a range of $3.20 to $3.35 per share. Get free access to your research report on NFG at:
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