Pre-Market Technical Scan on Independent Oil & Gas Equities -- Gran Tierra Energy, Houston American Energy, Contango Oil & Gas, and Abraxas Petroleum
NEW YORK, Jan. 17, 2018 /PRNewswire/ --WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on GTE, HUSA, MCF, and AXAS which can be accessed for free by signing up to www.wallstequities.com/registration. Oilprice.com reported that world oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the US Energy Information Administration. The forecast, which was part of the agency's Short-Term Energy Outlook for January, also said that the 2019 demand figure would stand at 101.76 million bpd - an increase of 1.65 million bpd from the current year. In today's pre-market research, WallStEquities.com scans four Independent Oil and Gas stocks to see how they have fared over the previous trading sessions: Gran Tierra Energy Inc. (NYSE AMER: GTE), Houston American Energy Corp. (NYSE AMER: HUSA), Contango Oil & Gas Co. (NYSE AMER: MCF), and Abraxas Petroleum Corp. (NASDAQ: AXAS). All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Gran Tierra Energy
On Tuesday, shares in Calgary, Canada headquartered Gran Tierra Energy Inc. recorded a trading volume of 2.23 million shares, which was above their three months average volume of 1.44 million shares. The stock ended the session 5.05% lower at $2.82. The Company's shares have gained 22.08% in the last month, 31.78% over the previous three months, and 0.36% over the past year. The stock is trading 17.44% above its 50-day moving average and 21.69% above its 200-day moving average. Moreover, shares of the Company, 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 61.80. Get the full research report on GTE for free by clicking below at:
www.wallstequities.com/registration/?symbol=GTE
Houston American Energy
Houston, Texas-based Houston American Energy Corp.'s stock closed the day 2.18% lower at $0.33. A total volume of 734,931 shares was traded, which was above their three months average volume of 630,940 shares. The Company's shares have advanced 10.53% in the past month and 65.97% over the past year. The stock is trading 8.64% below its 50-day moving average. Additionally, shares of the Company, which acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the US and South America, have an RSI of 45.41. Free research on HUSA can be accessed at:
www.wallstequities.com/registration/?symbol=HUSA
Contango Oil & Gas
Shares in Houston, Texas-based Contango Oil & Gas Co. recorded a trading volume of 733,053 shares, which was higher than their three months average volume of 574,120 shares. The stock ended yesterday's trading session 0.54% lower at $5.55. The Company's shares have advanced 61.81% in the past month and 17.09% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 45.21% and 3.21%, respectively. Furthermore, shares of the Company, which acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the US, have an RSI of 69.51.
On December 19th, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit WallStEquities.com now and sign up for the free research on MCF at:
www.wallstequities.com/registration/?symbol=MCF
Abraxas Petroleum
San Antonio, Texas headquartered Abraxas Petroleum Corp.'s stock finished Tuesday's session 3.01% lower at $2.58. A total volume of 2.30 million shares was traded, which was above their three months average volume of 1.48 million shares. The Company's shares have surged 21.70% in the last month and 35.08% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 16.46% and 34.68%, respectively. Additionally, shares of Abraxas Petroleum, which engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the US, have an RSI of 63.51.
On December 19th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform', with a target price of $3 per share.
On January 15th, 2018, Abraxas Petroleum announced plans to report its Q4 and year-end 2017 operating and financial results on March 14th, 2017. The Company will host its earnings conference call at 11:00 a.m. ET that same day. A live webcast of the conference call will be available under the Investor Relations portion of the Company's website. The free technical report on AXAS is available at:
www.wallstequities.com/registration/?symbol=AXAS
--
Wall St. Equities:
Wall St. Equities (WSE) 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. WSE 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.
WSE 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 WSE. WSE 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.
NO WARRANTY
WSE, 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. WSE, 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, WSE, 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 WSE 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
https://wallstequities.com/legal-disclaimer/
CONTACT
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: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Wall St. Equities
Share this article