This Morning's Research Reports on Independent Oil & Gas Stocks -- Enterprise Products Partners, Extraction Oil & Gas, Hess, and Jones Energy
NEW YORK, Feb. 20, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on EPD, XOG, HES, and JONE which can be accessed for free by signing up to www.wallstequities.com/registration. Featured this morning on WallStEquities.com are Enterprise Products Partners L.P. (NYSE: EPD), Extraction Oil & Gas Inc. (NASDAQ: XOG), Hess Corp. (NYSE: HES), and Jones Energy Inc. (NYSE: JONE). Independent Oil and Gas companies are basically entities that only 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
Enterprise Products Partners
Last Friday, shares in Houston, Texas-based Enterprise Products Partners L.P. ended the session 1.42% lower at $26.41. The stock recorded a trading volume of 4.75 million shares. The Company's shares have advanced 9.95% over the previous three months. The stock is trading above its 200-day moving average by 0.07%. Furthermore, shares of the Company, which provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products, have a Relative Strength Index (RSI) of 41.32.
On January 31st, 2018, Enterprise Products Partners and Navigator Holdings Ltd announced that they have entered into a 50/50 joint venture to build a new ethylene export facility along the US Gulf Coast that will have the capacity to export approximately 1 million tons of ethylene per year. Refrigerated storage for 30,000 tons of ethylene will be constructed on-site and will provide the capability to load ethylene at rates of 1,000 tons per hour. The facilities are expected to be in service by the first quarter of 2020.
On February 01st, 2018, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $29 a share to $32 a share. Get the full research report on EPD for free by clicking below at: www.wallstequities.com/registration/?symbol=EPD
Extraction Oil & Gas
Denver, Colorado headquartered Extraction Oil & Gas Inc.'s stock finished 0.86% lower at $12.72 with a total trading volume of 1.19 million shares. The stock is trading below their 200-day moving average by 10.36%. Shares of the Company, which focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountains regions, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado, have an RSI of 37.85.
On January 25th, 2018, research firm Macquarie initiated an 'Outperform' rating on the Company's stock, with a target price of $19 per share. Download our actionable research report on XOG at: www.wallstequities.com/registration/?symbol=XOG
Hess
Shares in New York headquartered Hess Corp. closed the day 0.26% higher at $45.65. The stock recorded a trading volume of 4.48 million shares, which was above its three months average volume of 4.42 million shares. The Company's shares have gained 4.53% over the previous three months. The stock is trading above its 200-day moving average by 1.08%. Moreover, shares of Hess, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have an RSI of 45.23.
On January 31st, 2018, Hess announced that its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs. These increases are offset by lower capital allocated to the Gulf of Mexico and Malaysia compared to 2017.
On February 12th, 2018, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for your free report coverage on HES at: www.wallstequities.com/registration/?symbol=HES
Jones Energy
Austin, Texas headquartered Jones Energy Inc.'s shares recorded a trading volume of 704,254 shares last Friday. The stock closed 1.00% higher at $1.01. The Company's shares have advanced 1.03% in the previous three months. The stock is trading 8.34% below its 50-day moving average. Additionally, shares of Jones Energy, which acquires, explores for, develops, and produces oil and natural gas properties in the mid-continent region of the US, have an RSI of 39.72.
On February 05th, 2018, Jones Energy announced that it received notice from the NYSE on February 01st, 2018, that the Company has regained compliance with the NYSE's continued listing standards. Get the free research report on JONE at: www.wallstequities.com/registration/?symbol=JONE
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