Technical Research on Independent Oil & Gas Equities -- Chesapeake Energy, Occidental Petroleum, Parsley Energy, and Eclipse Resources
Aug 21, 2017, 06:00 ET
NEW YORK, August 21, 2017 /PRNewswire/ --
If you want a Stock Review on CHK, OXY, PE, or ECR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. Equities to assess on DailyStockTracker.com today are: Chesapeake Energy Corp. (NYSE: CHK), Occidental Petroleum Corp. (NYSE: OXY), Parsley Energy Inc. (NYSE: PE), and Eclipse Resources Corp. (NYSE: ECR). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Last Friday at the close, shares in Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp. ended 2.06% higher at $3.96. The stock recorded a trading volume of 35.11 million shares. The Company's shares are trading below their 50-day moving average by 15.75%. Furthermore, shares of Chesapeake Energy, which engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the US, have a Relative Strength Index (RSI) of 32.68.
On August 03rd, 2017, Chesapeake Energy reported financial and operational results for Q2 2017 plus other recent developments. For Q2 2017, average daily production was approximately 527,600 barrels of oil equivalent (boe); average production expenses were $2.92 per boe; net income was $470 million; and EBITDA was $812 million. Total capital investments were approximately $667 million during the quarter.
On August 11th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $10 a share to $6 a share. Sign up and read the free research report on CHK at:
Houston, Texas headquartered Occidental Petroleum Corp.'s stock finished Friday's session 0.39% higher at $59.15 with a total trading volume of 4.04 million shares. The Company's shares are trading below their 50-day moving average by 2.21%. Shares of the Company, which engages in the acquisition, exploration, and development of oil and gas properties in the US and internationally, have an RSI of 37.46.
On July 21st, 2017, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On August 02nd, 2017, Occidental Petroleum announced Q2 2017 results. For Q2 2017, net income was $507 million and core income was $119 million. Total average daily production volumes were 601,000 barrels of oil equivalent for the quarter; oil and gas pre-tax income was $627 million; chemical pre-tax income was $230 million; and midstream pre-tax income was $119 million. The complimentary research report on OXY can be downloaded at:
Shares in Austin, Texas headquartered Parsley Energy Inc. ended the session 1.64% higher at $24.79 with a total trading volume of 3.14 million shares. The stock is trading below its 50-day moving average by 8.94%. Shares of the Company, which engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico, have an RSI of 38.00.
On August 03rd, 2017, Parsley Energy announced that Karen Hughes has been appointed to the Company's Board of Directors, effective August 01st, 2017. Ms. Hughes has more than 35 years of public policy, communications, and political experience, and is the Worldwide Vice Chair of Burson-Marsteller, a leading global public relations and communications firm, which she joined in 2008. Register for free on DailyStockTracker.com and access the latest report on PE at:
State College, Pennsylvania headquartered Eclipse Resources Corp.'s shares recorded a trading volume of 638,164 shares. The stock closed 3.74% higher at $2.22. The Company's shares are trading 11.74% below their 200-day moving average. Additionally, shares of Eclipse Resources, which acquires and develops oil and natural gas properties in the Appalachian Basin, have an RSI of 38.55.
On August 02nd, 2017, Eclipse Resources announced its Q2 2017 financial and operational results. For Q2 2017, net income was $11.5 million and adjusted EBITDAX was $39.6 million. For the quarter, average net daily production was 287.8 MMcfe per day, exceeding the high-end of the Company's previously issued production guidance range of 265 to 275 MMcfe per day. Get free access to your research report on ECR at:
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article