Technical Roundup on Oil & Gas Stocks -- EOG Resources, Parsley Energy, Gulfport Energy, and Comstock Resources

Sep 12, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, September 12, 2016 /PRNewswire/ --

On Friday, September 09, 2016, oil prices fell 4% due to a huge drawdown in U.S. crude inventories. Stock-Callers.com now looks at how the following Independent Oil and Gas stocks fared at the close of the last trading session: EOG Resources Inc. (NYSE: EOG), Parsley Energy Inc. (NYSE: PE), Gulfport Energy Corp. (NASDAQ: GPOR), and Comstock Resources Inc. (NYSE: CRK). Sign up today and download for free the research reports for the stocks covered today at:

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EOG Resources  

Houston, Texas headquartered EOG Resources Inc.'s shares recorded a trading volume of 3.01 million shares, which was above their three months average volume of 2.98 million shares. The stock finished the trading session 2.91% lower at $92.65. The Company's shares have gained 3.61% in the last one month, 13.82% over the previous three months, and 31.78% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.28% and 19.37%, respectively. Furthermore, shares of EOG Resources, which together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas, have a Relative Strength Index (RSI) of 57.65.

On September 06th, 2016, EOG Resources and Yates Petroleum Corp. announced definitive agreements under which EOG has agreed to combine with Yates Petroleum, Abo Petroleum Corp., MYCO Industries, Inc., and certain other entities. Under the terms of this private, negotiated transaction, EOG will issue 26.06 million shares of common stock valued at $2.3 billion and pay $37 million in cash, subject to certain closing adjustments and lock-up provisions.

On September 07th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $95 a share to $98 a share. EOG complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=EOG

Parsley Energy  

Last Friday, Austin, Texas headquartered Parsley Energy Inc.'s shares recorded a trading volume of 3.28 million shares, which was above their three months average volume of 2.90 million shares. The stock ended the session at 3.45% lower at $33.63. The Company's shares have gained 2.50% in the last one month, 26.76% over the previous three months, and 82.28% on an YTD basis. The stock is trading 9.49% above its 50-day moving average and 43.15% above its 200-day moving average. Moreover, shares of Parsley Energy, which engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin located in West Texas and Southeastern New Mexico, have an RSI of 54.50.

On August 29th, 2016, research firm Williams Capital Group initiated a 'Hold' rating on the Company's stock, issuing a target price of $37 per share. The complimentary report on PE can be downloaded at:

http://stock-callers.com/registration/?symbol=PE

Gulfport Energy  

Oklahoma City, Oklahoma headquartered Gulfport Energy Corp.'s stock ended the day 1.63% lower at $29.61 and with a total volume of 2.26 million shares traded. The Company's shares have gained 9.46% in the last month and 20.51% on an YTD basis. The stock is trading 2.55% above its 50-day moving average and 6.47% above its 200-day moving average. Additionally, shares of Gulfport Energy, which engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids, and crude oil in the US, have an RSI of 58.57.

On August 3rd, 2016, Gulfport reported a net loss of $339.8 million, or $2.71 per diluted share, for Q2 2016, on oil and natural gas revenues of negative $28.2 million. For Q2 2016, cash flow from operating activities before changes in operating assets and liabilities was $88.5 million.

On August 29th, 2016, research firm Williams Capital Group initiated a 'Buy' rating on the Company's stock, issuing a target price of $36 per share. Sign up for your complimentary report on GPOR at:

http://stock-callers.com/registration/?symbol=GPOR

Comstock Resources  

Shares in Frisco, Texas headquartered Comstock Resources Inc. recorded a trading volume of 822,723 shares, which was above their three months average volume of 540,040 shares. The stock ended Friday's session 1.96% lower at $8.01. The Company's shares have surged 103.30% in the last month and 82.05% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 64.73% and 44.74%, respectively. Furthermore, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 70.82.

On September 06th, 2016, Comstock Resources announced that it has completed its previously announced exchange offer and consent solicitation for its 10% Senior Secured Notes due 2020, 7.75% Senior Notes due 2019 and 9.5% Senior Notes due 2020 for three new series of secured notes and, in the case of the Company`s 10% Senior Secured Notes due 2020, warrants exercisable for shares of its common stock. Download the research report for free on CRK at:

http://stock-callers.com/registration/?symbol=CRK

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SOURCE Chelmsford Park SA