NEW YORK, November 28, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members
with timely information WallStEquities.com has issued free tailored
Stock Review on MTDR, SWN, WPX, and XEC which is a click away at
http://www.wallstequities.com/registration. The International
Energy Agency (IEA), which forecasts supply and demand, said on
November 14th, 2017, that
it doubted that $60 a barrel had
become a new floor for oil, according to an article on
BusinessMirror. IEA did note, however, that geopolitical risk had
become a salient factor in the market, as per the
report. Ahead of today's trading session, WallStEquities.com
revisits the Independent Oil and Gas industry to monitor the
performance of Matador Resources Co. (NYSE: MTDR), Southwestern
Energy Co. (NYSE: SWN), WPX Energy Inc. (NYSE: WPX), and Cimarex
Energy Co. (NYSE: XEC). Get you free stock reports on these stock
by registering now on Wall St. Equities at:
http://www.wallstequities.com/registration
Matador Resources
On Monday, shares in Matador Resources Co. recorded a trading
volume of 1.09 million shares. The stock ended the session 2.89%
lower at $27.54. The Company's shares
have gained 11.36% in the last one month, 18.45% over the previous
three months, and 6.91% on an YTD basis. The stock is trading 3.53%
above its 50-day moving average and 14.36% above its 200-day moving
average. Moreover, shares of Matador Resources have a Relative
Strength Index (RSI) of 51.68.
On November 06th, 2017,
Matador Resources reported its Q3 2017 results. Average daily oil
production in Q3 2017 was approximately 23,500 barrels per day;
average daily natural gas production was approximately 110.5
million cubic feet per day; and average daily oil equivalent
production was approximately 42,000 barrels of oil equivalent per
day (56% oil). GAAP net income for the quarter was $15.0
million, and adjusted EBITDA was $84.8 million.
On November 13th, 2017,
research firm RBC Capital Markets reiterated its 'Outperform'
rating on the Company's stock with an increase of the target price
from $29 a share to $30 a share. Get started with a complimentary
subscription and access to the free report on MTDR at:
http://www.wallstequities.com/registration/?symbol=MTDR
Southwestern Energy
Southwestern Energy Co.'s stock closed the day flat at
$6.17 with a total trading volume of
9.67 million shares. The Company's shares have advanced 19.34% in
the past month and 15.11% in the previous three months. The stock
is trading 4.19% above its 50-day moving average. Additionally,
shares of Southwestern Energy have an RSI of 52.20.
On November 21st, 2017,
research firm Mizuho downgraded the Company's stock rating from
'Buy' to 'Neutral'.
On November 21st, 2017,
Southwestern Energy announced that it is soliciting
consents from the holders of its 4.10% Senior Notes due 2022
and its 4.95% Senior Notes due 2025 for certain proposed amendments
that would, among other things, amend certain restrictive covenants
contained in the indentures governing the 2022 notes and 2025
notes. The consent solicitations will expire on November
28th, 2017 at 5:00 p.m. New York City Time,
unless extended or earlier terminated by the Company for either or
both series of notes. Free research on SWN can be accessed at:
http://www.wallstequities.com/registration/?symbol=SWN
WPX Energy
Shares in WPX Energy Inc. recorded a trading volume of 5.44
million shares. The stock ended yesterday's trading session 4.58%
lower at $12.07. The Company's shares
have advanced 16.51% in the past month and 24.95% in the previous
three months. The stock is trading above its 50-day and 200-day
moving averages by 5.37% and 6.68%, respectively. Furthermore,
shares of WPX Energy have an RSI of 51.23.
On November 09th, 2017,
WPX Energy's Board of Directors has approved a quarterly dividend
of $0.78125 per share to holders of
the Company's 6.25% Series A Mandatory Convertible Preferred Stock.
The dividend is payable as of January
31st, 2018 to holders of record of the Company's
preferred stock on January
12th, 2018.
On November 16th, 2017,
research firm Citigroup upgraded the Company's stock rating from
'Neutral' to 'Buy'. Visit WallStEquities.com now and sign up for
the free research on WPX at:
http://www.wallstequities.com/registration/?symbol=WPX
Cimarex Energy
Cimarex Energy Co.'s stock finished Monday's session 3.32% lower
at $112.65. A total volume of 948,983
shares was traded, which was above their three months average
volume of 843,310 shares. The Company's shares have advanced 13.14%
over the previous three months. The stock is trading above its
200-day moving average by 1.70%. Additionally, shares of Cimarex
Energy have an RSI of 37.16.
On November 07th, 2017,
Cimarex Energy reported Q3 2017 net income of $91.4
million and net cash provided by operating activities
of $251.0 million. Total Company production for the quarter
averaged 1,143 million cubic feet equivalent per day, and oil
prices averaged $44.38 per barrel. Total debt
at September 30th, 2017 consisted of $1.5
billion of long-term notes, and the Company had a cash balance
of $423 million. Complimentary report on XEC is available at:
http://www.wallstequities.com/registration/?symbol=XEC
--
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