NEW YORK, July 25, 2016 /PRNewswire/ --
Oil prices took a dive on Friday due to oversupply worries and a bearish U.S. inventory data. Stock-Callers.com sees how these have affected the recent performances of the following Independent Oil and Gas equities: Diamondback Energy Inc. (NASDAQ: FANG), Crescent Point Energy Corp. (NYSE: CPG), Resolute Energy Corp. (NYSE: REN), and Clayton Williams Energy Inc. (NYSE: CWEI). Learn more about these stocks by accessing their free notes at:
Shares Midland, Texas headquartered Diamondback Energy Inc. rose 0.06%, finishing Friday's trading session at $88.23 with a total volume of 958,813 shares traded. The stock has gained 5.44% over the previous three months and 31.88% since the start of this year. The Company's shares are trading above their 200-day moving average by 12.75%. Additionally, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have a Relative Strength Index (RSI) of 45.97.
On July 13th, 2016, Diamondback Energy announced that it has entered into a definitive purchase agreement with an unrelated third party seller to acquire leasehold interests and related assets in the Southern Delaware Basin for an aggregate purchase price of $560 million, subject to certain adjustments. The company also announced an increase in its 2016 production guidance to a range of 38.0 to 40.0 million Barrels of Oil Equivalents per day (Mboe/d), up 11% from the midpoint of the February guidance range of 32.0 to 38.0 Mboe/d, as a result of increasing activity from three to four rigs in the second half of 2016 as well as continued strong well performance.
On July 14th, 2016, research firm Wunderlich reiterated its 'Buy' rating with an increase of the target price to $110 a share from $100 a share for the Company's stock. See our complete notes on FANG at:
Crescent Point Energy
Calgary, Canada headquartered Crescent Point Energy Corp.'s stock ended the session at $15.36, climbing 0.26%. A total volume of 497,200 shares was traded. The Company's shares have surged 32.85% on an YTD basis and are trading 12.30% above their 200-day moving average. Moreover, shares of Crescent Point Energy, which acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the U.S., have an RSI of 45.92.
On July 15th, 2016, Crescent Point Energy confirmed that the dividend to be paid on August 15th, 2016, in respect of July 2016 production, for shareholders of record on July 31st, 2016, will be CDN$0.03 per share.
On July 22nd, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm also revised upwards its previous target price from $23 to $28. CPG free notes are just a click away at:
On Friday, shares in Denver, Colorado-based Resolute Energy Corp. recorded a trading volume of 942,464 shares. The stock jumped 8.52%, closing the day at $7.64. The Company's shares have skyrocketed 108.17% in the last one month; 1,166.37% over the previous three months; and 778.16% on an YTD basis. The stock is trading 155.57% above its 50-day moving average and 529.36% above its 200-day moving average. Additionally, shares of Resolute Energy, which engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the U.S., have an RSI of 76.46.
On July 08th, 2016, Resolute Energy announced an agreement to sell certain Permian Basin midstream assets to an undisclosed Permian Basin midstream company pursuant to which Resolute and an existing minority interest holder will sell the gas gathering and water handling systems currently operated by Resolute Energy in its Appaloosa and Mustang project areas in Reeves County, Texas, for aggregate gross consideration of up to $110 million.
On July 11th, 2016, research firm Wunderlich upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $4 to $8. Sign up for your complimentary notes on REN at:
Clayton Williams Energy
At the close, shares in Midland, Texas headquartered Clayton Williams Energy Inc. recorded a trading volume of 454,500 shares. The stock ended the session at $31.10, soaring 3.67%. The Company's shares have gained 17.27% in the past month, 71.63% in the previous three months, and 5.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 16.81% and 5.85%, respectively. Furthermore, shares of Clayton Williams Energy have an RSI of 57.91.
On July 21st, 2016, Clayton Williams Energy announced that it will hold its Q2 results conference call at 11:30 a.m. Eastern Time on August 3rd, 2016, before the market opens. Register for free on Stock-Callers.com and access the latest notes on CWEI at:
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.
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
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