Stock Review for Independent Oil & Gas Investors -- Gulfport Energy, Apache, Energen, and Enterprise Products Partners
NEW YORK, Nov. 27, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information WallStEquities.com has issued free tailored Stock Review on GPOR, APA, EGN, and EPD which is a click away at http://www.wallstequities.com/registration. This morning our attention has been redirected to the Independent Oil and Gas space, which is exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within its operations. Today, WallStEquities.com monitors the performance of Gulfport Energy Corp. (NASDAQ: GPOR), Apache Corp. (NYSE: APA), Energen Corp. (NYSE: EGN), and Enterprise Products Partners L.P. (NYSE: EPD). Sign up today for free and learn why our members refer to our research coverage as the 'best out there': http://www.wallstequities.com/registration
Gulfport Energy
Last Friday at the close, shares in Oklahoma headquartered Gulfport Energy Corp. ended 2.78% lower at $12.22. The stock recorded a trading volume of 1.61 million shares. The Company's shares have advanced 1.83% in the previous three months. The stock is trading below its 50-day moving average by 11.77%. Furthermore, shares of Gulfport Energy, which engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the US, have a Relative Strength Index (RSI) of 36.39.
On November 03rd, 2017, Gulfport Energy announced that Paul D. Westerman has been appointed to the Company's Board of Directors. Mr. Westerman has also been appointed to serve on the Board's Compensation Committee and Nominating and Corporate Governance Committee. He has served as a Trustee and Director of the Westerman Family Trusts and Westerman Interest Inc., respectively, since 1999. Signing up now gives you access to the free research coverage on GPOR at: http://www.wallstequities.com/registration/?symbol=GPOR
Apache
Texas-based Apache Corp.'s stock finished Friday's session 0.96% lower at $41.14 with a total trading volume of 1.10 million shares. The Company's shares have advanced 4.13% in the last one month and 2.70% over the previous three months. The stock is trading below its 50-day moving average by 4.15%. Additionally, shares of Apache, which explores for, develops, and produces natural gas, crude oil, and NGLs, have an RSI of 41.83.
On November 02nd, 2017, Apache announced its financial and operational results for Q3 2017. Earnings for Q3 2017 were $63 million, cash flow from operations was $554 million, and adjusted EBITDAX was $821 million. Oil and gas capital investment for the quarter was $843 million, and net debt position was $6.6 billion. Additionally, the Company averaged 36 operated rigs worldwide during the quarter, and delivered production of 448,000 barrels of oil equivalent (BOE) per day. Get access to our top-rated research, including the free report on APA at: http://www.wallstequities.com/registration/?symbol=APA
Energen
Shares in Alabama headquartered Energen Corp. ended the session 0.21% higher at $56.08 with a total trading volume of 215,575 shares. The stock has gained 13.34% in the past month and 10.92% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 4.68% and 6.65%, respectively. Moreover, shares of Energen have an RSI of 59.47.
On November 08th, 2017, Energen announced its results for Q3 2017. Total average daily production volumes for Q3 2017 were 81.3 MBOE/d; GAAP net loss from all operations was $(18.5 million); adjusted net income was $19.2 million; and adjusted EBITDAX was $174 million. At September 30th, 2017, the Company had cash of $0.3 million, long-term debt of $527.8 million, and $238.0 million drawn on its $1.05 billion line of credit.
On November 09th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $56 a share to $59 a share. Click here to subscribe for a free membership which welcomes you with our report on EGN at: http://www.wallstequities.com/registration/?symbol=EGN
Enterprise Products Partners
Texas-based Enterprise Products Partners L.P.'s shares recorded a trading volume of 7.93 million shares, which was above their three months average volume of 5.63 million shares. The stock closed 2.76% lower at $23.96. The Company's shares are trading 5.87% below their 50-day moving average. Additionally, shares of Enterprise Products Partners have an RSI of 37.41.
On October 31st, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $34 a share to $31 a share.
On November 21st, 2017, Enterprise Products Partners (EPD) announced that it was among the most honored companies as recognized by Institutional Investor magazine's 2018 All-America Executive Team rankings, and was one of only five companies that swept their respective sectors. The results of this year's survey reflect the opinions of more than 4,000 buy-side and sell-side analysts at over 1,200 firms, marking the second year in a row that EPD has earned a sweep. To get free access to your research report on EPD, sign up at: http://www.wallstequities.com/registration/?symbol=EPD
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