Research Reports on Select Oil & Gas Stocks -- Concho Resources, RSP Permian, Enerplus, and W&T Offshore

Aug 24, 2016, 08:05 ET from Chelmsford Park SA

NEW YORK, August 24, 2016 /PRNewswire/ --

Currently under assessment on are the following Oil and Gas Drilling and Exploration equities: Concho Resources Inc. (NYSE: CXO), RSP Permian Inc. (NYSE: RSPP), Enerplus Corp. (NYSE: ERF), and W&T Offshore Inc. (NYSE: WTI). These companies are involved in upstream operations and the search for underground or underwater crude oil or natural gas fields. These stocks research reports can be downloaded now by simply registering for free at:

Concho Resources  

On Tuesday, shares in Midland, Texas headquartered Concho Resources Inc. recorded a trading volume of 1.30 million shares. The stock ended the session 0.59% higher at $134.02. The Company's shares have gained 13.13% in the last one month, 13.89% in the previous three months, and 44.32% since the start of this year. The stock is trading 8.30% above its 50-day moving average and 24.40% above its 200-day moving average. Moreover, shares of Concho Resources, which engages in the acquisition, development, exploration, and production of oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 60.48.

On August 15th, 2016, Concho Resources announced that it has reached a definitive agreement to acquire approximately 40,000 net acres in the core of the Midland Basin from Reliance Energy, a privately held, Midland-based energy company, for $1.625 billion. The acquisition expands the company's core Midland Basin position to more than 150,000 net acres and production of 30 thousand barrels of oil equivalent per day. Your complete research report on CXO can be retrieved for free at:

RSP Permian  

Dallas, Texas headquartered RSP Permian Inc.'s stock closed the day 0.51% higher at $39.23 with a total trading volume of 906,342 shares. The Company's shares have advanced 16.48% in the past month, 21.30% over the previous three months, and 60.84% on an YTD basis. The stock is trading 10.06% and 34.35% above its 50-day and 200-day moving averages, respectively. Additionally, shares of RSP Permian, which engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, have an RSI of 59.36.

On August 8th, 2016, RSP Permian reported that total revenues, excluding the revenue impact from realized derivative instruments, were $81.5 million for the quarter ended June 30th, 2016, a 4% increase over the prior year's quarter revenues of $78.5 million. The company's net loss for Q2 2016 was $9.8 million, or ($0.10) per diluted share, while net loss for the prior year's quarter was $5.5 million, or ($0.07) per diluted share. Production volumes for the quarter ended June 30th, 2016 averaged 26,407 Boe/d or a total of 2,403 MBoe, an increase of 33% over prior year's Q2 of 19,879 Boe/d.  

On August 10th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $41 a share to $44 a share. RSPP free report is just a click away at:


Shares in Calgary, Canada headquartered Enerplus Corp. recorded a trading volume of 694,976 shares and ended yesterday's trading session 0.94% higher at $7.49. The stock has advanced 24.58% in the past month, 51.33% in the previous three months, and 124.15% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 16.29% and 61.10%, respectively. Furthermore, shares of Enerplus, which together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the US and Canada,  have an RSI of 65.16.

On August 19th, 2016, Enerplus Corp. announced that a cash dividend of CDN$0.01 per share will be payable on September 15th, 2016 to all shareholders of record at the close of business on August 31st, 2016. The company stated that the US dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Sign up for your complimentary research report on ERF at:

W&T Offshore  

Houston, Texas headquartered W&T Offshore Inc.'s stock finished the session flat at $1.89 with a total trading volume of 708,829 shares. Shares of the Company, which acquires, explores, and develops oil and natural gas properties in the Gulf of Mexico, are trading below their 50-day moving average by 9.27%. The stock has an RSI of 42.34.

On August 16th, 2016, W&T Offshore announced that, with respect to its previously announced exchange offer of its outstanding 8.500% Senior Notes due 2019, it has extended the Early Participation Date to 5:00 p.m. (ET) on August 30th, 2016, eliminated the Minimum Tender Condition, and increased the maximum consideration being offered. Register for free on and download the latest research report on WTI at:


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