Pre-Market Technical Scan on Independent Oil & Gas Equities -- Gran Tierra Energy, Houston American Energy, Contango Oil & Gas, and Abraxas Petroleum

NEW YORK, Jan. 17, 2018 /PRNewswire/ --WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on GTE, HUSA, MCF, and AXAS which can be accessed for free by signing up to www.wallstequities.com/registration. Oilprice.com reported that world oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the US Energy Information Administration. The forecast, which was part of the agency's Short-Term Energy Outlook for January, also said that the 2019 demand figure would stand at 101.76 million bpd - an increase of 1.65 million bpd from the current year. In today's pre-market research, WallStEquities.com scans four Independent Oil and Gas stocks to see how they have fared over the previous trading sessions: Gran Tierra Energy Inc. (NYSE AMER: GTE), Houston American Energy Corp. (NYSE AMER: HUSA), Contango Oil & Gas Co. (NYSE AMER: MCF), and Abraxas Petroleum Corp. (NASDAQ: AXAS). All you have to do is sign up today for this free limited time offer by clicking the link below.

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Gran Tierra Energy

On Tuesday, shares in Calgary, Canada headquartered Gran Tierra Energy Inc. recorded a trading volume of 2.23 million shares, which was above their three months average volume of 1.44 million shares. The stock ended the session 5.05% lower at $2.82. The Company's shares have gained 22.08% in the last month, 31.78% over the previous three months, and 0.36% over the past year. The stock is trading 17.44% above its 50-day moving average and 21.69% above its 200-day moving average. Moreover, shares of the Company, which engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil, have a Relative Strength Index (RSI) of 61.80. Get the full research report on GTE for free by clicking below at:

www.wallstequities.com/registration/?symbol=GTE

Houston American Energy

Houston, Texas-based Houston American Energy Corp.'s stock closed the day 2.18% lower at $0.33. A total volume of 734,931 shares was traded, which was above their three months average volume of 630,940 shares. The Company's shares have advanced 10.53% in the past month and 65.97% over the past year. The stock is trading 8.64% below its 50-day moving average. Additionally, shares of the Company, which acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the US and South America, have an RSI of 45.41. Free research on HUSA can be accessed at:

www.wallstequities.com/registration/?symbol=HUSA

Contango Oil & Gas

Shares in Houston, Texas-based Contango Oil & Gas Co. recorded a trading volume of 733,053 shares, which was higher than their three months average volume of 574,120 shares. The stock ended yesterday's trading session 0.54% lower at $5.55. The Company's shares have advanced 61.81% in the past month and 17.09% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 45.21% and 3.21%, respectively. Furthermore, shares of the Company, which acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the US, have an RSI of 69.51.

On December 19^th, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit WallStEquities.com now and sign up for the free research on MCF at:

www.wallstequities.com/registration/?symbol=MCF

Abraxas Petroleum

San Antonio, Texas headquartered Abraxas Petroleum Corp.'s stock finished Tuesday's session 3.01% lower at $2.58. A total volume of 2.30 million shares was traded, which was above their three months average volume of 1.48 million shares. The Company's shares have surged 21.70% in the last month and 35.08% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 16.46% and 34.68%, respectively. Additionally, shares of Abraxas Petroleum, which engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the US, have an RSI of 63.51.  

On December 19^th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform', with a target price of $3 per share.

On January 15^th, 2018, Abraxas Petroleum announced plans to report its Q4 and year-end 2017 operating and financial results on March 14^th, 2017. The Company will host its earnings conference call at 11:00 a.m. ET that same day. A live webcast of the conference call will be available under the Investor Relations portion of the Company's website. The free technical report on AXAS is available at:

www.wallstequities.com/registration/?symbol=AXAS

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