NEW YORK, November 17, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com takes a closer look at the performances of four Independent Oil and Gas equities: Sanchez Energy Corp. (NYSE: SN), Triangle Petroleum Corp. (NYSEMKT: TPLM), Bonanza Creek Energy Inc. (NYSE: BCEI), and Canadian Natural Resources Ltd (NYSE: CNQ). On November 30, 2016, OPEC will meet to discuss production cuts. According to OPEC sources, oil is expected to remain weak in the weeks ahead due to uncertainties about the global economy and Trump's energy policies. Download the free research reports on these stocks today:
Houston, Texas headquartered Sanchez Energy Corp.'s stock dropped 1.30%, to close the day at $6.85. The stock recorded a trading volume of 1.58 million shares. Sanchez Energy's shares have gained 27.32% in the past one year. Shares of the Company, which engages in the exploration, acquisition, and development of oil and natural gas resources in the onshore U.S. Gulf Coast, are trading 11.91% and 1.36% below its 50-day and 200-day moving averages, respectively. Additionally, the stock has a Relative Strength Index (RSI) of 47.49.
On November 08th, 2016, research firm FBR & Co. reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $12 a share to $10 a share.
As per notes filed with the SEC on November 09th, 2016, in connection with the appointment of Patricio D. Sanchez as an Executive Vice President of Sanchez Energy, the Company entered into an Indemnification Agreement with Mr. P. Sanchez on November 3rd, 2016. The Indemnification Agreement requires the Company to, among other things, indemnify the Indemnitee against certain liabilities that may arise in connection with his status or service as one of the Company's officers or in his capacity at other specified entities at which he serves at the Company's request and to advance his expenses incurred as a result of any proceeding for which he may be entitled to indemnification. See our free and comprehensive research report on SN at:
Denver, Colorado headquartered Triangle Petroleum Corp.'s stock finished Wednesday's session 3.48% lower at $0.24 with a total volume of 407,515 shares traded. Shares of the Company, which engages in the exploration, development, and production of oil and natural gas properties in the US, are trading below its 50-day and 200-day moving averages by 5.90% and 32.76%, respectively. Triangle Petroleum's stock has an RSI of 48.34. TPLM free research report PDF is just a click away at:
Bonanza Creek Energy
On Wednesday, shares in Denver, Colorado headquartered Bonanza Creek Energy Inc. recorded a trading volume of 808,697 shares. The stock ended the day 2.86% lower at $1.02. Bonanza Creek Energy's stock has advanced 2.00% in the last one month and 5.15% in the previous three months. The Company is trading below its 50-day and 200-day moving averages by 1.68% and 42.00%, respectively. Furthermore, shares of Bonanza Creek Energy, which engages in the acquisition, exploration, development, and production of onshore oil and associated liquids-rich natural gas in the US, have an RSI of 54.28.
On November 09th, 2016, Bonanza Creek reported average daily production of 21.0 MBoe per day for Q3 2016, a 28% decrease from Q3 2015. Product mix for Q3 2016 was 52% oil, 22% NGLs, and 26% natural gas. Net revenue for Q3 2016 was $49.3 million, a 32% decrease from Q3 2015. The company reported GAAP net loss for Q3 2016 of $34.9 million, or $0.71 per diluted share, compared to a net loss of $112.3 million, or $2.25 per diluted share, for Q3 2015. Sign up for your complimentary report on BCEI at:
Canadian Natural Resources
On Wednesday, shares in Calgary, Canada headquartered Canadian Natural Resources Ltd ended the session 0.35% lower at $31.68 with a total volume of 2.33 million shares traded. Canadian Natural Resources' shares have gained 31.04% in the past one year. The stock is trading 1.14% above its 50-day moving average and 9.72% above its 200-day moving average. Moreover, shares of the Company, which acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids, have an RSI of 54.70.
On November 03rd, 2016, the company realized cash flow from operations in Q3 2016 of $1.02 billion, an increase from $938 million reported in Q2 2016. For Q3 2016, the Company reported net loss of $326 million compared to a net loss of $111 million in Q3 2015. Adjusted net loss from operations was $355 million in Q3 2016 compared to adjusted net earnings of $113 million in Q3 2015. Register for free on Stock-Callers.com and download the latest research report on CNQ at:
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