NEW YORK, December 14, 2016 /PRNewswire/ --
The Independent Oil and Gas, or Non-Integrated Oil and Gas, segment is exclusively engaged in oil exploration and production, with no downstream marketing or refining within their operations. Companies in this category receive the majority of their revenue from production at the wellhead. Pre-market today, Stock-Callers.com scans the performances of Cobalt International Energy Inc. (NYSE: CIE), Callon Petroleum Co. (NYSE: CPE), Hess Corp. (NYSE: HES), and Rice Energy Inc. (NYSE: RICE). Learn more about these stocks by accessing their free research reports at:
Texas-based Cobalt International Energy Inc.'s shares saw a slight decline of 0.88%, finishing Tuesday's trading session at $1.12. A total volume of 7.51 million shares was traded, which was above their three months average volume of 5.41 million shares. In the previous three months, the stock has advanced 24.44%. The Company's shares are trading below their 50-day moving average by 2.69%. Moreover, shares of Cobalt International Energy, which through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico, have a Relative Strength Index (RSI) of 43.55.
On December 7th, 2016, Cobalt International announced the completion of its previously announced debt exchange and financing transaction with certain holders of Cobalt's outstanding convertible senior notes due 2019 and convertible senior notes due 2024. The transaction consisted of (i) the issuance and sale by Cobalt of $500 million aggregate principal amount of its new first lien senior secured notes due 2021 and (ii) the issuance of $584,732,000 aggregate principal amount of its new second lien senior secured notes due 2023 and 30.0 million shares of Cobalt's common stock to the Holders in exchange for $616,554,000 aggregate principal amount of 2019 Notes and $95,855,000 aggregate principal amount of 2024 Notes held by the Holders. Free research report on CIE is available at:
On Tuesday, shares in Mississippi headquartered Callon Petroleum Co. recorded a trading volume of 3.68 million shares, and ended the session 4.00% higher at $17.40. The stock has surged 25.45% in the last one month, 23.14% over the previous three months, and 108.63% on an YTD basis. The Company's shares are trading 15.16% above their 50-day moving average and 41.27% above their 200-day moving average. Furthermore, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have an RSI of 61.99.
On November 28th, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $15.84 per share.
On December 13th, 2016, Callon Petroleum announced that its wholly owned subsidiary, Callon Petroleum Operating Co., has entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties for total consideration of $615 million in cash from American Resource Development LLC, American Resource Development Upstream LLC, and American Resource Development Midstream LLC. The complimentary research report on CPE can be downloaded at:
Shares in New York headquartered Hess Corp. closed at $65.14, jumping 3.56% from the last trading session. The stock recorded a trading volume of 6.52 million shares, which was higher than its three months average volume of 4.59 million shares. The Company's shares have soared 36.91% in the last one month, 39.61% over the previous three months, and 36.35% since the start of this year. The stock is trading 24.36% and 20.64% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Hess, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have an RSI of 79.23.
On December 7th, 2016, Hess' Board of Directors declared a regular quarterly dividend of $0.25 per share payable on its Common Stock on December 30th, 2016, to holders on record as of December 19th, 2016.
On December 8th, 2016, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'. Visit us today and access our complete research report on HES at:
At the closing bell yesterday, shares in Canonsburg, Pennsylvania-based Rice Energy Inc. ended 0.94% lower at $22.24. A total volume of 5.60 million shares was traded, which was above their three months average volume of 4.39 million shares. The stock has advanced 0.50% in the last month and 104.04% on an YTD basis. The Company's shares are trading above their 200-day moving average by 4.25%. Furthermore, shares of Rice Energy, which engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid properties in the Appalachian Basin, have an RSI of 35.73.
On November 21st, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $30 to $33. Get free access to your research report on RICE at:
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