28.12.2016 13:45:00
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Technical Roundup on Oil & Gas Stocks -- Resolute Energy, Diamondback Energy, Kosmos Energy, and Eclipse Resources
NEW YORK, December 28, 2016 /PRNewswire/ --
Companies in the Independent Oil and Gas space bring a sharp focus to their business activities, such as eliminating competing resource allocations among different businesses. Additionally, these firms may thrive or wither on the rise or fall of the oil and gas prices. Pre-market, Stock-Callers.com tracks the most recent performances of Resolute Energy Corp. (NYSE: REN), Diamondback Energy Inc. (NASDAQ: FANG), Kosmos Energy Ltd (NYSE: KOS), and Eclipse Resources Corp. (NYSE: ECR). Sign up today and download for free the research reports for the stocks covered today at:
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Resolute Energy
Denver, Colorado-based Resolute Energy Corp.'s stock finished Tuesday's session 1.37% higher at $41.43 with a total trading volume of 726,946 shares. Over the last month and the previous three months, the Company's shares have advanced 27.32% and 97.66%, respectively. Additionally, the stock has surged 852.41% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 30.76% and 176.55%, respectively. Moreover, shares of Resolute Energy, which engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the US, have a Relative Strength Index (RSI) of 66.76.
On December 19th, 2016, research firm CapitalOne upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'.
On December 23rd, 2016, Resolute Energy announced that it has closed its previously announced underwritten public offering of 4,370,000 shares of its common stock, which includes the full exercise by the underwriters of their option to purchase an additional 570,000 shares of common stock. The net proceeds from the offering were approximately $160.8 million. The Company intends to use the net proceeds from the offering to repay its second lien secured term loan, with any additional proceeds to be used to repay a portion of the borrowings outstanding under the Company's revolving credit facility. REN complete research report is just a click away at:
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Diamondback Energy
Shares in Midland, Texas headquartered Diamondback Energy Inc. rose 0.89%, ending yesterday's session at $103.85 with a total trading volume of 628,102 shares. The stock has gained 4.43% in the past month, 17.30% in the previous three months, and 55.23% on an YTD basis. The Company's shares are trading 3.99% above their 50-day moving average and 13.43% above their 200-day moving average. Moreover, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have an RSI of 53.22.
As per a SEC filing dated December 21st, 2016, Diamondback Energy issued $500 million in aggregate principal amount of 5.375% Senior Notes due 2025 on December 20th, 2016. Diamondback intends to use the net proceeds from the Notes Offering, together with the net proceeds from its concurrent equity offering and cash on hand, to fund the cash consideration of its previously announced pending acquisition of certain oil and natural gas assets of Brigham Resources Operating, LLC and Brigham Resources Midstream, LLC. The complimentary report on FANG can be downloaded at:
http://stock-callers.com/registration/?symbol=FANG
Kosmos Energy
On Tuesday, Hamilton, Bermuda-based Kosmos Energy Ltd's stock climbed 1.73%, to close the day at $7.05. A total volume of 2.37 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have advanced 43.29% in the last one month, 24.34% in the previous three months, and 35.58% on an YTD basis. The stock is trading 28.99% and 23.57% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Kosmos Energy, which explores for and produces oil and gas in Africa, Europe, and South America, have an RSI of 75.66.
On December 19th, 2016, Kosmos Energy announced that it has entered into a partnership with BP in Mauritania and Senegal that combines Kosmos' exploration expertise with BP's deepwater development, and LNG production and marketing experience.
On December 20th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Sign up for your complimentary report on KOS at:
http://stock-callers.com/registration/?symbol=KOS
Eclipse Resources
Shares in State College, Pennsylvania headquartered Eclipse Resources Corp. ended the day 1.08% lower at $2.74 with a total trading volume of 577,013 shares. The stock has gained 50.55% since the start of this year. The Company's shares are trading below their 200-day moving average by 4.31%. Furthermore, shares of Eclipse Resources, which acquires and develops oil and natural gas properties in the Appalachian Basin, have an RSI of 42.09.
On December 9th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On December 19th, 2016, Eclipse Resources announced that it has completed the sale of approximately 9,900 net acres in eastern Noble County and western Monroe County, Ohio for approximately $63.8 million to an undisclosed buyer. Download the research report for free on ECR at:
http://stock-callers.com/registration/?symbol=ECR
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