Oil & Gas Stocks Under Review -- WPX Energy, Devon Energy, Anadarko Petroleum, and CONSOL Energy
NEW YORK, February 1, 2017 /PRNewswire/ --
Stock-Callers.com focuses its attention to the Independent Oil and Gas space to see how current market conditions have impacted the recent performances of select equities: WPX Energy Inc. (NYSE: WPX), Devon Energy Corp. (NYSE: DVN), Anadarko Petroleum Corp. (NYSE: APC), and CONSOL Energy Inc. (NYSE: CNX). According to Director at International Energy Agency, Fatih Birol, oil demand is not expected to peak any time soon due to rising consumption in developing economies. Additionally, oil markets could also enter a period of high volatility unless companies develop new projects after two years of sharp drops in investments sparked by low oil prices. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
WPX Energy
Tulsa, Oklahoma headquartered WPX Energy Inc.'s stock finished Tuesday's session 1.14% lower at $13.93. A total volume of 9.46 million shares was traded, which was above their three months average volume of 8.38 million shares. Over the previous three months, the Company's shares have advanced 23.27%. The stock is trading above its 200-day moving average by 20.08%. Moreover, shares of WPX Energy, which engages in the exploitation and development of unconventional properties in the US, have a Relative Strength Index (RSI) of 43.37.
On January 12th, 2017, WPX Energy announced that it has priced a public offering of 45,000,000 shares of its common stock for total gross proceeds (before estimated expenses) of approximately $600.8 million. Pursuant to the offering, WPX has granted the underwriters a 30-day option to purchase up to an additional 6,675,000 shares of WPX's common stock. Sign up and read the free research report on WPX at:
http://stock-callers.com/registration/?symbol=WPX
Devon Energy
Shares in Oklahoma City, Oklahoma headquartered Devon Energy Corp. rose 1.04%, ending yesterday's session at $45.54 with a total trading volume of 3.49 million shares. The stock has gained 16.38% in the previous three months. The Company's shares are trading 11.93% above their 200-day moving average. Moreover, shares of Devon Energy, which primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 42.21.
On January 11th, 2017, Devon Energy announced plans to issue its Q4 2016 and full-year 2016 earnings news release on February 14th, 2017 after the close of US financial markets. On February 15th, 2017, the Company will hold a conference call at 10 a.m. CT to discuss the results.
On January 17th, 2017, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary research report on DVN can be downloaded at:
http://stock-callers.com/registration/?symbol=DVN
Anadarko Petroleum
On Tuesday, The Woodlands, Texas headquartered Anadarko Petroleum Corp.'s stock climbed 1.02%, to close the day at $69.53. A total volume of 5.37 million shares was traded, which was above their three months average volume of 4.39 million shares. The Company's shares have advanced 13.21% in the previous three months. The stock is trading 0.80% above its 50-day moving average and 18.20% above its 200-day moving average. Additionally, shares of Anadarko Petroleum, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 46.01.
On January 13th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $81 a share to $82 a share.
On January 31st, 2017, Anadarko reported Q4 2016 net loss attributable to common stockholders of $515 million, or $0.94 per share (diluted). Net cash provided by operating activities in Q4 2016 was $1.12 billion. For the full year 2016, Anadarko reported a net loss attributable to common stockholders of $3.07 billion, or $5.90 per diluted share. Full-year 2016 net cash provided by operating activities totaled $3.00 billion. Register for free on Stock-Callers.com and access the latest report on APC at:
http://stock-callers.com/registration/?symbol=APC
CONSOL Energy
Shares in Canonsburg, Pennsylvania headquartered CONSOL Energy Inc. ended the day 7.43% lower at $16.94. A total volume of 10.51 million shares was traded, which was above their three months average volume of 3.74 million shares. The stock has gained 0.59% in the previous three months. The Company's shares are trading below their 200-day moving average by 2.06%. Furthermore, shares of CONSOL Energy, which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of 33.19.
On January 31th, 2017, CONSOL reported net loss from continuing operations of $321 million for Q4 2016, or a loss of $1.42 per diluted share. The Company's Q4 2016 EBITDA from continuing operations were a negative $36 million compared to a positive $360 million in Q4 2015.
On January 30th, 2017, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold'. Get free access to your research report on CNX at:
http://stock-callers.com/registration/?symbol=CNX
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