Independent Oil & Gas Stocks Under Review -- Abraxas Petroleum, Gastar Exploration, EQT Corp., and Gran Tierra Energy
NEW YORK, March 13, 2017 /PRNewswire/ --
Four Independent Oil and Gas equities have been aligned by Stock-Callers.com for review this morning, and they are Abraxas Petroleum Corp. (NASDAQ: AXAS), Gastar Exploration Inc. (NYSE MKT: GST), EQT Corp. (NYSE: EQT), and Gran Tierra Energy Inc. (NYSE MKT: GTE). These companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. They also receive the majority of their revenue from production at the wellhead. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Abraxas Petroleum
Last Friday at the close, shares in San Antonio, Texas-based Abraxas Petroleum Corp. ended 5.62% lower at $1.68. The stock recorded a trading volume of 2.16 million shares. The Company's shares are trading below their 200-day moving average by 4.97%. Furthermore, shares of Abraxas Petroleum, which engages in the acquisition, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 21.05.
On February 15th, 2017, Abraxas announced that as of December 31st, 2016, the Company's proved oil and natural gas reserves consisted of approximately 44.7 MMBoe compared to 2015 year-end reserves of 43.2 MMBoe. The Company's December 31st, 2016, reserves consisted of approximately 24.2 million barrels of oil, 8.6 million barrels of NGLs, and 70.8 billion cubic feet of natural gas. Proved developed producing reserves were 13.9 MMBoe and comprised 31% of proved reserves as of December 31st, 2016. The majority of the reserve additions came from the Williston Basin, where Abraxas benefited from an upward revision in the Company's Middle Bakken type curve to 832 MBoe from 530 MBoe at December 31st, 2015. Sign up and read the free research report on AXAS at:
http://stock-callers.com/registration/?symbol=AXAS
Gastar Exploration
Houston, Texas-based Gastar Exploration Inc.'s stock finished Friday's session 3.47% lower at $1.39. A total volume of 3.04 million shares was traded, which above their three months average volume of 2.15 million shares. The Company's shares have advanced 8.59% over the previous three months. The stock is trading above its 200-day moving average by 15.13%. Additionally, shares of Gastar Exploration, which engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the US, have an RSI of 28.94.
On February 17th, 2017, research firm Williams Capital Group downgraded the Company's stock rating from 'Buy' to 'Hold', with a target price of $2 per share.
On March 10th, 2017, Gastar announced that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock and its 10.75% Series B Preferred Stock, both payable on March 31st, 2017 to holders of record at the close of business on March 20th, 2017. The March 2017 dividend payment on the Series A Preferred Stock will be an annualized 8.625% per share, which is equivalent to $0.1796875 per share. The dividend on the Series B Preferred Stock will be an annualized 10.75% per share, which is equivalent to $0.2239584 per share. The complimentary research report on GST can be downloaded at:
http://stock-callers.com/registration/?symbol=GST
EQT Corp.
Shares in Pittsburgh, Pennsylvania headquartered EQT Corp. ended the session 0.75% lower at $57.08. A total volume of 3.37 million shares was traded, higher than their three months average volume of 2.09 million shares. The stock is trading below its 50-day moving average by 8.82%. Moreover, shares of EQT Corp., which together with its subsidiaries, operates as an integrated energy company in the US, have an RSI of 34.07.
On March 01st, 2017, EQT announced that Steven Schlotterbeck has officially assumed the role of CEO - taking over from David Porges, who retired from the position, staying on as Executive Chairman of EQT's Board of Directors for a period of one year. Register for free on Stock-Callers.com and access the latest report on EQT at:
http://stock-callers.com/registration/?symbol=EQT
Gran Tierra Energy
Calgary, Canada headquartered Gran Tierra Energy Inc.'s shares recorded a trading volume of 2.45 million shares, which was above their three months average volume of 1.75 million shares. The stock closed 0.80% lower at $2.47. The Company's shares are trading 8.40% below their 50-day moving average. Additionally, shares of Gran Tierra Energy, which engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil, have an RSI of 37.39.
On March 01st, 2017, Gran Tierra announced that funds flow from operations for Q4 2016 was $36.2 million compared with $23.5 million in the prior quarter. For Q4 2016, the Company's net loss was $127.4 million, or $0.36 per share basic and diluted, compared with $229.6 million, or $0.71 per share basic and diluted, in the prior quarter. At December 31st, 2016, Gran Tierra's cash and cash equivalents were $33.5 million. Get free access to your research report on GTE at:
http://stock-callers.com/registration/?symbol=GTE
--
Stock Callers:
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 protected]. 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.
NO WARRANTY
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
http://stock-callers.com/legal-disclaimer/
CONTACT
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:
Email: [email protected]
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
Share this article