NEW YORK, November 14, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Independent Oil and Gas space to see how some equities have been performing over the last few trading sessions. Research reports have been issued on: Cabot Oil & Gas Corp. (NYSE: COG), Devon Energy Corp. (NYSE: DVN), Anadarko Petroleum Corp. (NYSE: APC), and CONSOL Energy Inc. (NYSE: CNX). On Friday, November 11, 2016, oil prices headed lower after OPEC said October output rose to 33.64 million barrels per day in October, up 240,000 bpd from September. At 2:09 p.m. ET, Brent crude futures traded at $44.74 per barrel, down 2.4%, while U.S. West Texas Intermediate futures dropped 2.75% to $43.43 a barrel. Learn more about these stocks by accessing their free research reports at:
Cabot Oil & Gas
Shares in Houston, Texas headquartered Cabot Oil & Gas Corp. ended Friday's session 0.79% lower at $21.33 with a total trading volume of 5.83 million shares. The stock has advanced 21.02% on an YTD basis. The Company's shares are trading 8.88% below their 200-day moving average. 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 46.25.
On October 28th, 2016, the company reported that cash flow from operating activities in Q3 2016 was $105.4 million compared to $146.4 million in Q3 2015. The company's net loss in the reported quarter of 2016 was $10.3 million, or $0.02 per share, compared to net loss of $15.5 million, or $0.04 per share, in Q3 2015. Production in Q3 2016 was 150.8 billion cubic feet equivalent (Bcfe), consisting of 144.4 billion cubic feet (Bcf) of natural gas, 941.4 thousand barrels (Mbbls) of crude oil and condensate, and 129.6 Mbbls of natural gas liquids.
On October 31st, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $27 a share to $24 a share. Free research report on COG is available at:
Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s stock saw a drop of 2.99%, closing the day at $41.85 with a total trading volume of 5.29 million shares. The Company's shares have advanced 32.60% since the start of this year. The stock is trading 19.92% above its 200-day moving average. 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 51.84.
On November 1st, 2016, Devon Energy reported that operating cash flow reached $726 million in Q3 2016, a 117% increase compared to Q2 2016. Combined with proceeds received from the sale of non-core assets, Devon's total cash inflows for the quarter reached $2.4 billion. Devon's reported net earnings totaled $993 million, or $1.89 per diluted share, in Q3 2016. The complimentary research report on DVN can be downloaded at:
Last Friday, shares in The Woodlands, Texas headquartered Anadarko Petroleum Corp. declined 1.34%, closing the session at $61.04. The stock recorded a trading volume of 2.93 million shares. The Company's shares have advanced 11.89% over the previous three months and 26.02% on an YTD basis. The stock is trading 0.67% above its 50-day moving average and 17.28% above its 200-day moving average. Furthermore, shares of Anadarko Petroleum, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 51.29.
On November 10th, 2016, Anadarko Petroleum's Board of Directors declared a quarterly cash dividend on its common stock of $0.5 per share, payable December 28th, 2016, to stockholders of record at the close of business on December 14th, 2016.
On November 11th, 2016, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and access our complete research report on APC at:
Canonsburg, Pennsylvania headquartered CONSOL Energy Inc.'s shares finished the session 2.10% higher at $18.00 with a total trading volume of 4.46 million shares. The stock has advanced 0.39% in the previous three months and 128.16% on YTD basis. The Company's shares are trading above their 200-day moving average by 21.03%. Additionally, shares of CONSOL Energy, which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of 53.36.
On November 1st, 2016, CONSOL Energy reported net cash provided by operating activities in Q3 2016 of $163 million compared to $110 million in Q3 2015. The company reported net income from continuing operations of $63 million for the reported quarter, or $0.26 per diluted share.
On November 11th, 2016, research firm KLR Group upgraded the Company's stock rating from 'Accumulate' to 'Buy'. Get free access to your research report on CNX at:
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