Technical Roundup on Oil & Gas Stocks -- Comstock Resources, Lucas Energy, Stone Energy, and National Fuel Gas
NEW YORK, December 6, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com presents the following Independent Oil and Gas equities for review: Comstock Resources Inc. (NYSE: CRK), Lucas Energy Inc. (NYSE MKT: LEI), Stone Energy Corp. (NYSE: SGY), and National Fuel Gas Co. (NYSE: NFG). On Monday, December 05, 2016, Brent crude oil futures soared to its highest since July 2015 to $55.33 a barrel. It last traded at $54.70 a barrel, up 24 cents, at 2:39 p.m. ET (1939 GMT). Meanwhile, U.S. West Texas Intermediate crude oil traded up 11 cents at $51.79 a barrel. Sign up today and download for free the research reports for the stocks covered today at:
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Comstock Resources
On Monday, shares in Frisco, Texas headquartered Comstock Resources Inc. recorded a trading volume of 933,258 shares, which was above their three months average volume of 754,030 shares. The stock ended at $11.20, jumping 7.38% from the last trading session. The Company's shares have gained 29.93% in the last one month, 60.46% over the previous three months, and 19.79% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 28.89% and 100.84%, respectively. Furthermore, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 71.26.
On December 5th, 2016, Comstock Resources announced that it received notice from the NYSE that the Company is now considered in full compliance with the NYSE continued listing standards. The Company will be subject to a twelve month follow-up period to ensure that it remains in compliance with the NYSE`s continued listing standards, as well as being subject to its normal monitoring procedures of listed companies. CRK complete research report is just a click away at:
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Lucas Energy
Houston, Texas-based Lucas Energy Inc.'s stock finished yesterday's session 4.17% lower at $1.38. A total volume of 974,053 shares was traded, which was higher than their three months average volume of 785,020 shares. The Company's shares have surged 28.97% in the last one month. The stock is trading below its 50-day moving average by 22.68%. Furthermore, shares of Lucas Energy, which acquires and develops crude oil and natural gas in the US, have an RSI of 47.35.
On November 21st, 2016, Lucas Energy, announced that on November 17th, 2016, it has received gross proceeds of $4.5 million for the second tranche of the sale and issuance of the convertible shares and entered into a third amendment to its stock purchase agreement with an accredited institutional investor dated November 16th, 2016. The third and final tranche, for an additional $5.0 million must be exercised on or before March 31st, 2017. The complimentary report on LEI can be downloaded at:
http://stock-callers.com/registration/?symbol=LEI
Stone Energy
At the closing bell on Monday, shares in Lafayette, Louisiana headquartered Stone Energy Corp. soared 9.22%, ending the day at $7.58. The stock recorded a trading volume of 5.91 million shares, which was above its three months average volume of 796,470 shares. The Company's shares have skyrocketed 102.13% in the last one month. The stock is trading 4.97% above its 50-day moving average. Moreover, shares of Stone Energy, which engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico, have an RSI of 63.49.
On December 5th, 2016, Stone Energy announced an operational update on its Amethyst well. Production from Stone's Amethyst well was shut in late April 2016 to allow for technical evaluation. During the first week of November, the company initiated acid stimulation work and intermittently flowed the Well during November at a rate of 10-15 million cubic feet of gas per day, while observing and evaluating the Well's performance. On November 30th, 2016, the company performed a routine shut in of the Well to record pressures and determined that pressure communication exists between the production tubing and production casing strings, resulting from a suspected tubing leak. Sign up for your complimentary report on SGY at:
http://stock-callers.com/registration/?symbol=SGY
National Fuel Gas
Williamsville, New York-based National Fuel Gas Co.'s stock ended the day 1.09% higher at $56.55 with a total trading volume of 283,708 shares. The Company's shares have gained 9.96% in the last month and 35.30% on an YTD basis. The stock is trading 5.33% above its 50-day moving average and 5.84% above its 200-day moving average. Additionally, shares of National Fuel Gas, which operates as a diversified energy company, have an RSI of 60.84.
On November 3rd, 2016, National Fuel reported Q4 FY16 consolidated earnings of $37.6 million, or $0.44 per share, compared to Q4 FY15 consolidated loss of $187.7 million, or $2.22 per share. Download the research report for free on NFG at:
http://stock-callers.com/registration/?symbol=NFG
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