This Morning's Research Reports on Independent Oil & Gas Stocks -- Crescent Point Energy, Devon Energy, Energen, and EnLink Midstream Partners
NEW YORK, Feb. 12, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on CPG, DVN, EGN, and ENLK which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com covers the recent performance of Crescent Point Energy Corp. (NYSE: CPG), Devon Energy Corp. (NYSE: DVN), Energen Corp. (NYSE: EGN), and EnLink Midstream Partners L.P. (NYSE: ENLK). Companies in the Independent Oil and Gas space explore for and produce oil and gas. They typically do not own refining, processing, or marketing assets to prepare that oil and gas, and then sell the product directly to end users. All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Crescent Point Energy
Last Friday, shares in Calgary, Canada headquartered Crescent Point Energy Corp. ended the session 1.14% lower at $6.92. The stock recorded a trading volume of 2.11 million shares. The Company's shares are trading below their 200-day moving average by 12.35%. Furthermore, shares of the Company, which acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the US, have a Relative Strength Index (RSI) of 33.25.
On January 15th, 2018, Crescent Point Energy (CPG) confirmed that the dividend to be paid on February 15th, 2018, in respect of January 2018 production, for shareholders of record on January 31st, 2018, will be CDN$0.03 per share. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For US income tax purposes, CPG's dividends are considered "qualified dividends." Get the full research report on CPG for free by clicking below at: www.wallstequities.com/registration/?symbol=CPG
Devon Energy
Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s stock finished 0.74% lower at $34.68. A total volume of 11.52 million shares was traded, which was above their three months average volume of 4.82 million shares. The Company's shares are trading below their 200-day moving average by 3.76%. Moreover, shares of Devon Energy, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 23.43.
On January 24th, 2018, Devon Energy announced that during Q4 2017, the Company changed its method of accounting for oil and gas exploration and development activities from the full-cost methodology to successful efforts. Q4 and full-year 2017 results, which will be released on February 20th, 2018, will reflect this accounting change. The Company will provide more detailed information related to its conversion to successful efforts in its earnings materials, including a reconciliation of financial results from full cost to successful efforts for prior financial reporting periods.
On February 06th, 2018, research firm B. Riley FBR, Inc. initiated a 'Neutral' rating on the Company's stock, with a target price of $50 per share. Download our actionable research report on DVN at: www.wallstequities.com/registration/?symbol=DVN
Energen
Shares in Birmingham, Alabama headquartered Energen Corp. closed the day 1.54% higher at $50.05. The stock recorded a trading volume of 1.53 million shares, which was above its three months average volume of 873,320 shares. The Company's shares are trading below their 200-day moving average by 6.05%. Moreover, 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 34.33.
On January 26th, 2018, Energen announced that it will host a conference call on February 20th, 2018, at 8:30 a.m. ET to discuss the Company's Q4 2017 financial and operating results. An associated news release will be issued at approximately 6:00 a.m. ET that same day. A link to the live broadcast and the replay will be available on the Company's website.
On February 02nd, 2018, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $70 per share. Register for your free report coverage on EGN at: www.wallstequities.com/registration/?symbol=EGN
EnLink Midstream Partners
Dallas, Texas-based EnLink Midstream Partners L.P.'s shares recorded a trading volume of 1.55 million shares last Friday, which was above their three months average volume of 717,710 shares. The stock closed 1.91% lower at $15.93. The Company's shares have advanced 0.19% in the previous three months. The stock is trading 2.81% below its 200-day moving average. Additionally, shares of the Company, which through its subsidiary, EnLink Midstream Operating, L.P., provides midstream energy services, have an RSI of 38.13.
On January 18th, 2018, EnLink Midstream Partners' Board of Directors declared a cash distribution of $0.39 per common unit for Q4 2017. This cash distribution will be paid on February 13th, 2018, to unitholders of record on January 31st, 2018. Get the free research report on ENLK at: www.wallstequities.com/registration/?symbol=ENLK
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