This Morning's Research Reports on Independent Oil & Gas Stocks -- Denbury Resources, CONSOL Energy, Kosmos Energy, and Anadarko Petroleum
NEW YORK, Dec. 04, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on DNR, CNX, KOS, and APC which is a click away at www.wallstequities.com/registration. Rigzone reported that confidence in the Oil sector is increasing, according a new industry survey by Aberdeen & Grampian Chamber of Commerce released on November 30th, 2017. The survey revealed that 60% of the 95 firms questioned believed that the sector had already reached the bottom of its current cycle; 52% believed the same sentiment in spring this year; and 29% in autumn 2016. This morning, WallStEquities.com directs investors' attention to these four stocks: Denbury Resources Inc. (NYSE: DNR), CNX Resources Corp. (NYSE: CNX), Kosmos Energy Ltd (NYSE: KOS), and Anadarko Petroleum Corp. (NYSE: APC). Wall St. Equities' downloadable free reports on these stocks are available at: www.wallstequities.com/registration
Denbury Resources
Last Friday, shares in Texas headquartered Denbury Resources Inc. ended the session 9.14% higher at $1.91. The stock recorded a trading volume of 17.34 million shares, which was above its three months average volume of 7.20 million shares. The Company's shares have surged 51.59% in the last one month and 73.64% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 33.64% and 11.66%, respectively. Furthermore, shares of Denbury Resources have a Relative Strength Index (RSI) of 64.62.
On November 30th, 2017, Denbury Resources announced its entry into privately negotiated exchange agreements with holders of approximately $610 million in aggregate principal amount of the Company's outstanding senior subordinated notes due 2022 and 2023 to exchange them for approximately $466 million in aggregate principal amount of "New Notes." These "New Notes" consist of approximately $382 million in aggregate principal amount of new 9¼% Senior Secured Second Lien Notes due 2022 and approximately $85 million in aggregate principal amount of new 3½% Convertible Senior Notes due 2024. The free report on DNR can be accessed at: www.wallstequities.com/registration/?symbol=DNR
CNX Resources
Pennsylvania headquartered CNX Resources Corp.'s stock finished 6.88% higher at $14.91. A total volume of 5.05 million shares was traded, which was above their three months average volume of 3.90 million shares. The Company's shares have gained 7.88% in the last one month and 20.95% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.10% and 14.17%, respectively. Moreover, shares of CNX Resources have an RSI of 66.96.
On November 29th, 2017, CONSOL Energy announced that it has completed the separation from its former parent company CNX Resources Corporation, formerly named CONSOL Energy Inc., and has begun operating as an independent, publicly-traded company listed on the NYSE under the symbol "CEIX." In connection with the distribution, the former parent retained its ticker symbol "CNX" on NYSE. Download our actionable research report on CNX at:
www.wallstequities.com/registration/?symbol=CNX
Kosmos Energy
Shares in Bermuda-based Kosmos Energy Ltd closed the day 0.13% higher at $7.99. The stock recorded a trading volume of 1.55 million shares. The Company's shares have gained 11.44% over the previous three months and 13.98% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.72% and 17.71%, respectively. Moreover, shares of Kosmos Energy have an RSI of 52.53.
On November 06th, 2017, Kosmos Energy announced its results for Q3 2017. Net loss for Q3 2017 was $63.4 million, oil revenues were $151.2 million, production expense was $39 million, and exploration expenses totaled $37 million. The Company exited the quarter with approximately $1.3 billion of liquidity and $890 million of net debt, including a year-to-date voluntary repayment of $250 million on its reserves-based lending facility in 2017.
On November 24th, 2017, research firm Exane BNP Paribas initiated an 'Outperform' rating on the Company's stock. Register for your free report coverage on KOS at: www.wallstequities.com/registration/?symbol=KOS
Anadarko Petroleum
Texas headquartered Anadarko Petroleum Corp.'s shares recorded a trading volume of 8.41 million shares last Friday, which was above their three months average volume of 5.55 million shares. The stock closed 1.31% higher at $48.72. The Company's shares have advanced 17.43% in the previous three months. The stock is trading 0.35% below its 50-day moving average. Additionally, shares of Anadarko Petroleum have an RSI of 49.77.
On November 15th, 2017, Anadarko Petroleum's Board of Directors declared a quarterly cash dividend on its common stock of $0.05 per share, payable on December 27th, 2017, to stockholders of record at the close of business on December 13th, 2017.
On November 17th, 2017, research firm BMO Capital Markets upgraded the Company's stock rating from 'Market Perform' to 'Outperform' while revising its previous target price from $53 a share to $57 a share. Get the free research report on APC at: www.wallstequities.com/registration/?symbol=APC
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