Pre-Market Technical Pulse on Independent Oil & Gas Stocks -- Carrizo Oil & Gas, Diamondback Energy, Gulfport Energy, and Energen
NEW YORK, October 9, 2017 /PRNewswire/ --
If you want a Stock Review on CRZO, FANG, GPOR, or EGN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Four Independent Oil and Gas companies have been lined up by DailyStockTracker.com for assessment today: Carrizo Oil & Gas Inc. (NASDAQ: CRZO), Diamondback Energy Inc. (NASDAQ: FANG), Gulfport Energy Corp. (NASDAQ: GPOR), and Energen Corp. (NYSE: EGN). According to an article on The Economic Times, the world is propelling fast towards a post-oil future when electric batteries will drive the world. The website further noted that according to futurist and clean energy expert, Toni Seba, the global oil demand will peak at 100 million barrels per day by 2020, dropping to 70 million barrels per day by 2030. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
Carrizo Oil & Gas
Last Friday, shares in Houston, Texas-based Carrizo Oil & Gas Inc. ended the session 2.21% lower at $16.82. The stock recorded a trading volume of 4.18 million shares, which was above its three months average volume of 3.94 million shares. The Company's shares have advanced 39.93% in the last one month and 7.61% over the previous three months. The stock is trading above its 50-day moving average by 17.52%. Furthermore, shares of Carrizo Oil & Gas, which together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the US, have a Relative Strength Index (RSI) of 63.37.
On September 18th, 2017, research firm Citigroup initiated a 'Neutral' rating on the Company's stock, with a target price of $16 per share.
On October 06th, 2017, Carrizo Oil & Gas announced that on October 05th, 2017, the Company entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in cash, subject to customary closing terms and conditions. Additionally, the Company could receive contingent payments of up to $7.5 million in aggregate based on natural gas prices exceeding certain thresholds over the next three years. CRZO complete research report is just a click away at:
Midland, Texas headquartered Diamondback Energy Inc.'s stock finished 0.66% lower at $99.09 with a total trading volume of 701,394 shares. The Company's shares have gained 8.15% in the last one month and 12.56% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 6.39% and 1.47%, respectively. Moreover, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have an RSI of 61.02.
On October 02nd, 2017, Diamondback Energy announced that production for Q3 2017 was 85.0 Mboe/d (61.7 Mbo/d; 73% oil), an increase of over 10% from Q2 2017 average daily production of 77.0 Mboe/d. Q3 production volumes were not affected by Hurricane Harvey.
On October 03rd, 2017, research firm Williams Capital Group reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $105 a share to $110 a share. The complimentary report on FANG can be downloaded at:
Shares in Oklahoma City, Oklahoma headquartered Gulfport Energy Corp. closed the day 4.10% lower at $14.38. The stock recorded a trading volume of 2.10 million shares. The Company's shares have gained 12.61% in the last month and 0.35% over the previous three months. The stock is trading above its 50-day moving average by 11.94%. Moreover, 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 59.81.
On September 19th, 2017, research firm Imperial Capital initiated an 'Outperform' rating on the Company's stock, with a target price of $19 per share.
On October 05th, 2017, Gulfport Energy announced that it has priced at par an offering of $450 million aggregate principal amount of its 6.375% Senior Notes due 2026. The Notes offering is expected to close on October 11th, 2017, subject to customary closing conditions. Net proceeds to the Company from the sale of the Notes will be approximately $445.3 million. Sign up for your complimentary report on GPOR at:
Birmingham, Alabama headquartered Energen Corp.'s shares recorded a trading volume of 954,663 shares last Friday. The stock closed 1.96% lower at $52.54. The Company's shares have advanced 2.82% in the past month and 9.05% in the previous three months. The stock is trading 1.85% above its 50-day moving average. Additionally, shares of Energen, which through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas, have an RSI of 47.83. Download the research report for free on EGN at:
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