NEW YORK, November 22, 2016 /PRNewswire/ --
Today, Stock-Callers.com highlights four Oil and Gas Drilling and Exploration companies to see how they have fared at the closing bell of the last trading session: Concho Resources Inc. (NYSE: CXO), Northern Oil and Gas Inc. (NYSE MKT: NOG), Enerplus Corp. (NYSE: ERF), and W&T Offshore Inc. (NYSE: WTI). On Monday, November 21, 2016, oil prices rose 4% on hopes that major oil producing countries would agree next week to limit output. Sign up today and download for free the research reports for the stocks covered today at:
Midland, Texas headquartered Concho Resources Inc.'s stock finished Monday's session at $136.96, jumping 5.31%. A total volume of 1.70 million shares was traded, which was above their three months average volume of 1.43 million shares. Over the previous three months and since the start of this year, the Company's shares have gained 2.19% and 47.49%, respectively. The stock is trading above its 50-day and 200-day moving averages by 3.68% and 15.08%, respectively. 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 59.53.
On November 21st, 2016, Concho Resources announced that it has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million. The acquired acreage is complementary to the Company's leasehold position in the northern Delaware Basin, with approximately 12,000 gross (10,000 net) acres located in the Red Hills area in Lea County, New Mexico. CXO complete research report is just a click away at:
Northern Oil and Gas
Shares in Wayzata, Minnesota-based Northern Oil and Gas Inc. ended yesterday's session 10.81% higher at $2.05. A total volume of 1.60 million shares was traded, which was higher than their three months average volume of 1.02 million shares. The stock is trading 12.78% below its 50-day moving average. Moreover, shares of Northern Oil and Gas, which engages in the acquisition, exploration, development, and production of oil and natural gas properties in the US, have an RSI of 50.52.
On November 08th, 2016, Northern Oil reported that adjusted net income for Q3 2016 was $2.4 million, or $0.04 per diluted share. GAAP net loss for the reported quarter was $45.6 million, or a loss of $0.74 per diluted share, which was impacted by a $43.8 million non-cash impairment charge and a $5.6 million loss on the mark-to-market of derivative instruments. The company's Q3 2016 production totaled 1,236,708 barrels of oil equivalent (Boe), averaging 13,442 Boe per day. Oil and gas sales, including cash from settled derivatives, totaled $50.7 million for Q3 2016. The complimentary report on NOG can be downloaded at:
On Monday, Calgary, Canada headquartered Enerplus Corp.'s stock surged 8.20%, to close the day at $8.05. A total volume of 1.99 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares have advanced 6.87% in the last one month, 7.85% in the previous three months, and 141.75% on an YTD basis. The stock is trading 18.79% above its 50-day moving average and 42.74% above its 200-day moving average. Additionally, 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 69.74.
On November 18th, 2016, Enerplus announced that a cash dividend in the amount of CDN$0.01 per share will be payable on December 15th, 2016, to all shareholders of record at the close of business on November 30th, 2016. The ex-dividend date for this payment is November 28th, 2016. Sign up for your complimentary report on ERF at:
Shares in Houston, Texas headquartered W&T Offshore Inc. ended the day 9.40% higher at $1.63. A total volume of 813,892 shares was traded, which was above their three months average volume of 812,960 shares. The stock has gained 2.52% in the last one month. The Company's shares are trading above their 50-day moving average by 4.78%. Furthermore, shares of W&T Offshore, which engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico, have an RSI of 58.27.
On November 02nd, 2016, W&T Offshore reported net income of $45.9 million, or $0.48 per common share, for Q3 2016 compared to a reported net loss of ($477.6) million, or ($6.29) per common share, during Q3 2015. Production for Q3 2016 averaged 41,508 barrels of oil equivalent ("Boe") per day. The company's Q3 2016 revenue came in at $107.4 million. Download the research report for free on WTI at:
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