Technical Roundup on Oil & Gas Stocks -- EXCO Resources, Eclipse Resources, Stone Energy, and Comstock Resources

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Nov 01, 2016, 01:54 ET

NEW YORK, November 1, 2016 /PRNewswire/ --

Stock-Callers.com has lined up these four Independent Oil and Gas stocks for further review this morning: EXCO Resources Inc. (NYSE: XCO), Eclipse Resources Corp. (NYSE: ECR), Stone Energy Corp. (NYSE: SGY), and Comstock Resources Inc. (NYSE: CRK). On Monday, October 31, 2016, Oil prices fell to a five-week low on lingering negative sentiment around the proposed production cuts by major oil-producing nations. Sign up today and download for free the research reports for the stocks covered today at:

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EXCO Resources

On Monday, shares in Texas-based EXCO Resources Inc. recorded a trading volume of 1.38 million shares. The stock ended the day at $1.08, which 3.57% lower from prior trading session. The Company's shares have gained 0.93% in the last month. The stock is trading below its 50-day moving average by 1.80%. Furthermore, shares of EXCO Resources, which engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the US, have a Relative Strength Index (RSI) of 44.18.

On October 25^th, 2016, EXCO Resources announced that Tyler Farquharson, EXCO's current Vice President of Strategic Planning, will become EXCO's acting Chief Financial Officer, and Treasurer effective November 2^nd, 2016, following the departure of Chris Peracchi, EXCO's current VP, acting CFO, and Treasurer. Mr. Farquharson will continue to serve as EXCO's VP of Strategic Planning and lead the investor relations function. XCO complete research report is just a click away at:

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

Eclipse Resources

Pennsylvania headquartered Eclipse Resources Corp.'s stock finished yesterday's session 4.20% lower at $2.74. A total volume of 1.60 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have gained 50.55% on an YTD basis. The stock is trading above its 200-day moving average by 9.88%. Furthermore, shares of Eclipse Resources, which acquires and develops oil and natural gas properties in the Appalachian Basin, have an RSI of 36.59.

On October 14^th, 2016, Eclipse Resources announced that the Company will release Q3 2016 financial and operational results after the market close on November 3^rd, 2016. A conference call to review the Company's financial and operational results is scheduled for November 4^th, 2016 at 10:00 a.m. ET. The complimentary report on ECR can be downloaded at:

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

Stone Energy

At the closing bell on Monday, shares in Lafayette, Louisiana headquartered Stone Energy Corp. declined 1.42%, ending the day at $4.16. The stock recorded a trading volume of 251,931 shares. The Company's shares are trading 60.48% below their 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 20.79.

On October 17^th, 2016, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight', issuing a target price of $3 per share.

On October 20^th, 2016, Stone Energy entered into a restructuring support agreement (RSA) with certain (i) holders of the Company's 1¾% Senior Convertible Notes due 2017 and (ii) holders of the Company's 7½% Senior Notes due 2022, to support a restructuring on the terms of a pre-packaged plan of reorganization as described therein. The RSA contemplates that the Company will file for voluntary relief under chapter 11 of the US Bankruptcy Code in a US Bankruptcy Court on or before December 9^th, 2016, to implement the Plan in accordance with the term sheet annexed to the RSA. Sign up for your complimentary report on SGY at:

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

Comstock Resources

Frisco, Texas headquartered Comstock Resources Inc.'s stock ended the day 1.61% lower at $9.76 with a total trading volume of 334,134 shares. The Company's shares have gained 27.75% in the last month, 234.25% over the previous three months, and 4.39% on an YTD basis. The stock is trading 26.45% above its 50-day moving average and 84.38% above its 200-day moving average. Additionally, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 66.38.

On October 7^th, 2016, research firm Imperial Capital reiterated its 'In-line' rating on the Company's stock with an increase of the target price from $3.75 a share to $8.50 a share.

On October 17^th, 2016, Comstock Resources announced that it has entered into a definitive purchase and sale agreement with a third party to sell Comstock`s conventional natural gas properties in South Texas for $28.0 million. The sale, which is subject to customary closing conditions and adjustments, is expected to close in December 2016. Comstock intends to use the proceeds from the sale toward funding its 2016 drilling program. Download the research report for free on CRK at:

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

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