NEW YORK, January 20, 2017 /PRNewswire/ --
Today, Stock-Callers.com turns to the Independent Oil and Gas space to see how current oil prices have influenced the performances of some equities. For review this morning are: EnLink Midstream Partners L.P. (NYSE: ENLK), Legacy Reserves L.P. (NASDAQ: LGCY), Comstock Resources Inc. (NYSE: CRK), and Bellatrix Exploration Ltd (NYSE: BXE). According to heads of Gunvor Group and Mercuria Energy Group, crude prices are expected to range between $50 and $60 a barrel in 2017. West Texas Intermediate is forecasted to average $60 a barrel in 2018, which is just $5 higher than what the median of 30 analyst estimates predicted a year ago. Sign up today and download for free the research reports for the stocks covered today at:
EnLink Midstream Partners
Dallas, Texas headquartered EnLink Midstream Partners L.P.'s stock finished Thursday's session 0.27% higher at $18.50 with a total trading volume of 480,464 shares. Over the last month and the previous three months, the Company's shares have advanced 8.06% and 3.08%, respectively. Additionally, the stock has gained 0.43% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.60% and 14.05%, respectively. Moreover, shares of EnLink Midstream Partners, which through its subsidiary, EnLink Midstream Operating, L.P., provides midstream energy services, have a Relative Strength Index (RSI) of 62.29.
On January 12th, 2017, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On January 19th, 2017, The EnLink Midstream companies announced quarterly distributions for EnLink Midstream Partners, L.P. (the Master Limited Partnership) and EnLink Midstream, LLC (the General Partner) for Q4 2016. The quarterly distribution on the Master Limited Partnership's common units will be $0.39 per common unit, payable on February 13th, 2017, to unit-holders of record on January 31st, 2017. The quarterly distribution on the General Partner's common units will be $0.255 per common unit, payable on February 14th, 2017, to unit-holders of record on January 31st, 2017. ENLK complete research report is just a click away at:
Shares in Midland, Texas headquartered Legacy Reserves L.P. ended yesterday's session flat at $2.44 with a total trading volume of 161,498 shares. The stock has gained 5.63% in the past month, 95.20% in the previous three months, and 15.09% on an YTD basis. The Company's shares are trading 14.91% above their 50-day moving average and 29.30% above their 200-day moving average. Moreover, shares of Legacy Reserves, which acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the US, have an RSI of 57.99. The complimentary report on LGCY can be downloaded at:
On Thursday, Frisco, Texas headquartered Comstock Resources Inc.'s stock saw a slight decline of 0.80%, to close the day at $9.93. A total volume of 164,844 shares was traded. The Company's shares have advanced 3.12% in the last one month, 14.40% in the previous three months, and 0.81% on an YTD basis. The stock is trading 2.26% and 53.40% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 50.92.
On January 09th, 2017, Comstock Resources announced that it Comstock and USG Properties Haynesville, LLC ("USG") have entered an agreement to jointly develop certain acreage prospective for the Haynesville shale in Louisiana and Texas which has recently been acquired by USG. Comstock will operate the wells to be drilled and will manage the drilling program. Comstock will receive a 12.5% working interest in the acreage in consideration for serving as operator and can acquire an additional 12.5% working interest in each well drilled by reimbursing USG for the related acreage costs of the well being drilled. With the addition of the joint development venture, Comstock has revised its capital budget for 2017 to $168.5 million and anticipates drilling 24 (18.9 net) Haynesville shale wells in 2017. Sign up for your complimentary report on CRK at:
Shares in Calgary, Canada-based Bellatrix Exploration Ltd ended the day 1.34% higher at $0.88 with a total trading volume of 378,988 shares. The stock is trading above its 50-day moving average by 0.25%. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan, have an RSI of 44.47.
On January 05th, 2017, Bellatrix announced that its Board of Directors has approved a net capital budget of $105 million in 2017. The 2017 net capital budget is designed to achieve production growth of over 10% (exit 2016 to exit 2017) and annual average production of 33,500 boe/d. Download the research report for free on BXE at:
Stock Callers (SC) 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. SC 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.
SC 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@example.com. 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 SC. SC 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.
SC, 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. SC, 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, SC, 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 SC 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:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA