Pre-Market Technical Scan on Independent Oil & Gas Equities -- Matador Resources, Southwestern Energy, WPX Energy, and Cimarex Energy

NEW YORK, November 28, 2017 /PRNewswire/ --

In keeping with the commitment to dynamically provide members with timely information WallStEquities.com has issued free tailored Stock Review on MTDR, SWN, WPX, and XEC which is a click away at http://www.wallstequities.com/registration. The International Energy Agency (IEA), which forecasts supply and demand, said on November 14^th, 2017, that it doubted that $60 a barrel had become a new floor for oil, according to an article on BusinessMirror. IEA did note, however, that geopolitical risk had become a salient factor in the market, as per the report. Ahead of today's trading session, WallStEquities.com revisits the Independent Oil and Gas industry to monitor the performance of Matador Resources Co. (NYSE: MTDR), Southwestern Energy Co. (NYSE: SWN), WPX Energy Inc. (NYSE: WPX), and Cimarex Energy Co. (NYSE: XEC). Get you free stock reports on these stock by registering now on Wall St. Equities at: http://www.wallstequities.com/registration

Matador Resources 

On Monday, shares in Matador Resources Co. recorded a trading volume of 1.09 million shares. The stock ended the session 2.89% lower at $27.54. The Company's shares have gained 11.36% in the last one month, 18.45% over the previous three months, and 6.91% on an YTD basis. The stock is trading 3.53% above its 50-day moving average and 14.36% above its 200-day moving average. Moreover, shares of Matador Resources have a Relative Strength Index (RSI) of 51.68.

On November 06^th, 2017, Matador Resources reported its Q3 2017 results. Average daily oil production in Q3 2017 was approximately 23,500 barrels per day; average daily natural gas production was approximately 110.5 million cubic feet per day; and average daily oil equivalent production was approximately 42,000 barrels of oil equivalent per day (56% oil). GAAP net income for the quarter was $15.0 million, and adjusted EBITDA was $84.8 million.

On November 13^th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $29 a share to $30 a share. Get started with a complimentary subscription and access to the free report on MTDR at:

http://www.wallstequities.com/registration/?symbol=MTDR

Southwestern Energy 

Southwestern Energy Co.'s stock closed the day flat at $6.17 with a total trading volume of 9.67 million shares. The Company's shares have advanced 19.34% in the past month and 15.11% in the previous three months. The stock is trading 4.19% above its 50-day moving average. Additionally, shares of Southwestern Energy have an RSI of 52.20.

On November 21^st, 2017, research firm Mizuho downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On November 21^st, 2017, Southwestern Energy announced that it is soliciting consents from the holders of its 4.10% Senior Notes due 2022 and its 4.95% Senior Notes due 2025 for certain proposed amendments that would, among other things, amend certain restrictive covenants contained in the indentures governing the 2022 notes and 2025 notes. The consent solicitations will expire on November 28^th, 2017 at 5:00 p.m. New York City Time, unless extended or earlier terminated by the Company for either or both series of notes. Free research on SWN can be accessed at: http://www.wallstequities.com/registration/?symbol=SWN

WPX Energy 

Shares in WPX Energy Inc. recorded a trading volume of 5.44 million shares. The stock ended yesterday's trading session 4.58% lower at $12.07. The Company's shares have advanced 16.51% in the past month and 24.95% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.37% and 6.68%, respectively. Furthermore, shares of WPX Energy have an RSI of 51.23.

On November 09^th, 2017, WPX Energy's Board of Directors has approved a quarterly dividend of $0.78125 per share to holders of the Company's 6.25% Series A Mandatory Convertible Preferred Stock. The dividend is payable as of January 31^st, 2018 to holders of record of the Company's preferred stock on January 12^th, 2018.

On November 16^th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit WallStEquities.com now and sign up for the free research on WPX at: http://www.wallstequities.com/registration/?symbol=WPX

Cimarex Energy 

Cimarex Energy Co.'s stock finished Monday's session 3.32% lower at $112.65. A total volume of 948,983 shares was traded, which was above their three months average volume of 843,310 shares. The Company's shares have advanced 13.14% over the previous three months. The stock is trading above its 200-day moving average by 1.70%. Additionally, shares of Cimarex Energy have an RSI of 37.16.

On November 07^th, 2017, Cimarex Energy reported Q3 2017 net income of $91.4 million and net cash provided by operating activities of $251.0 million. Total Company production for the quarter averaged 1,143 million cubic feet equivalent per day, and oil prices averaged $44.38 per barrel. Total debt at September 30^th, 2017 consisted of $1.5 billion of long-term notes, and the Company had a cash balance of $423 million. Complimentary report on XEC is available at: http://www.wallstequities.com/registration/?symbol=XEC

--

Wall St. Equities: 

Wall St. Equities (WSE) 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. WSE 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. 

WSE 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 WSE. WSE 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 

WSE, 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. WSE, 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, WSE, 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 WSE 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 https://wallstequities.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: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Wall St. Equities