NEW YORK, December 29, 2016 /PRNewswire/ --
The Independent Oil and Gas space is engaged in the exploration and production of oil and gas. The operations of companies in this industry 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 reviews the current performances of these companies: Cabot Oil & Gas Corp. (NYSE: COG), Anadarko Petroleum Corp. (NYSE: APC), Devon Energy Corp. (NYSE: DVN), and CONSOL Energy Inc. (NYSE: CNX). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Cabot Oil & Gas
Houston, Texas headquartered Cabot Oil & Gas Corp.'s stock finished Wednesday's session 0.99% lower at $22.92 with a total trading volume of 4.21 million shares. Over the last month and since the start of this year, the Company's shares have advanced 0.75% and 30.04%, respectively. The stock is trading above its 50-day moving average by 3.85%. Moreover, shares of Cabot Oil & Gas, which develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the US, have a Relative Strength Index (RSI) of 53.98. Free research report on COG is available at: http://stock-callers.com/registration/?symbol=COG
Shares in The Woodlands, Texas headquartered Anadarko Petroleum Corp. declined 1.26%, ending yesterday's session at $70.64 with a total trading volume of 2.07 million shares. The stock has gained 14.02% in the past month, 15.37% in the previous three months, and 45.94% on an YTD basis. The Company's shares are trading 8.79% above their 50-day moving average and 25.59% above their 200-day moving average. Moreover, shares of Anadarko Petroleum, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 59.31.
On December 19th, 2016, research firm Ladenburg Thalmann initiated a 'Buy' rating on the Company's stock.
On December 21st, 2016, Anadarko Petroleum announced that it has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, for approximately $1.24 billion. The complimentary research report on APC can be downloaded at: http://stock-callers.com/registration/?symbol=APC
On Wednesday, Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s stock saw a decline of 1.28%, to close the day at $46.24. A total volume of 2.37 million shares was traded. The Company's shares have advanced 8.55% in the last one month, 11.35% in the previous three months, and 46.70% on an YTD basis. The stock is trading 4.91% and 19.91% above its 50-day and 200-day moving averages, respectively. Additionally, 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 52.99.
On December 09th, 2016, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On December 19th, 2016, Devon Energy announced the early tender results for its previously announced tender offers. As of the previously announced early tender date and time of 5:00 p.m., New York City time, on December 16th, 2016, a total of $899,996,000 aggregate principal amount of Notes with the seven highest acceptance priority levels had been validly tendered and not validly withdrawn in the Tender Offers. Visit us today and access our complete research report on DVN at: http://stock-callers.com/registration/?symbol=DVN
Shares in Canonsburg, Pennsylvania headquartered CONSOL Energy Inc. ended the day 0.93% lower at $19.13. A total volume of 3.13 million shares was traded. The stock has surged 142.49% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.77% and 15.71%, respectively. 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 47.90.
On December 07th, 2016, research firm KLR Group upgraded the Company's stock rating from 'Accumulate' to 'Buy'.
On December 13th, 2016, CNX Coal Resources LP, a master limited partnership formed by CONSOL Energy, announced that it is reaffirming its FY16 guidance and providing its initial FY17 guidance. The Company's sales volume is expected to improve to 6.25 million - 6.75 million tons in 2017, from 5.90 million - 6.10 million tons for FY16, driven by the broader improvement in domestic and international coal markets. Based on the Company's current expectations of 5% - 10% improvement in average revenue per ton and flat to low single digit increase in cost of coal sold compared to 2016, CNX Coal is expecting 2017 EBITDA to be in the $90 million - $110 million range. Get free access to your research report on CNX at: http://stock-callers.com/registration/?symbol=CNX
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