NEW YORK, August 22, 2016 /PRNewswire/ --
Talks of an OPEC move to stabilize oil prices next month had crude surging about 8% last week, its biggest weekly gain in four
months. Stock-Callers.com looks at how rallying prices have affected the recent performances of these Independent Oil and Gas
equities: Devon Energy Corp. (NYSE: DVN), CONSOL Energy Inc. (NYSE: CNX), Cabot Oil & Gas Corp. (NYSE: COG), and Anadarko
Petroleum Corp. (NYSE: APC). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
Devon Energy
Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s stock recorded a trading volume of
4.46 million shares and finished the trading session 0.96% lower at $44.33. The Company's shares
have gained 18.75% in the last one month, 29.65% over the previous three months, and 40.27% since the start of this year. The
stock is trading above its 50-day and 200-day moving averages by 16.96% and 35.34%, respectively. Furthermore, shares of Devon
Energy, which primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in
the US and Canada, have a Relative Strength Index (RSI) of 68.67.
As per notes filed with the SEC, on August 10th, 2016, Devon Energy announced the
pricing and expiration of its tender offers to purchase for cash any and all of the 8.250% notes due 2018, issued by Devon OEI
Operating, L.L.C., and the 6.300% notes due 2019, issued by the company. At the Expiration Date, (i) approximately $96.7 million of the $125,000,000 aggregate principal amount of outstanding
8.250% Notes was validly tendered and (ii) approximately $519.7 million of the $700,000,000 aggregate principal amount of outstanding 6.300% Notes was validly tendered. Sign up and read the
free research report on DVN at: http://stock-callers.com/registration/?symbol=DVN
CONSOL Energy
Last Friday, Canonsburg, Pennsylvania headquartered CONSOL Energy Inc.'s stock recorded a
trading volume of 4.78 million shares and ended the session at 4.80% lower at $17.46. The Company's
shares have gained 2.95% in the last one month, 32.57% over the previous three months, and 121.32% on an YTD basis. The stock is
trading 5.14% above its 50-day moving average and 48.88% above its 200-day moving average. Moreover, shares of CONSOL Energy,
which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of
48.34.
On August 2nd, 2016, CONSOL Energy announced that it has closed on its previously
announced agreement to sell the Miller Creek and Fola mine complexes in southern West Virginia
to Southeastern Land LLC.
On August 15th, 2016, research firm Bank of America/ Merrill upgraded the Company's
stock rating from 'Underperform' to 'Neutral'. The complimentary research report on CNX can be downloaded at: http://stock-callers.com/registration/?symbol=CNX
Cabot Oil & Gas
Houston, Texas headquartered Cabot Oil & Gas Corp.'s shares ended the day 0.38% lower at
$25.96. The stock recorded a trading volume of 5.26 million shares, which was above its three
months average volume of 4.79 million shares. The Company's shares have gained 7.32% in the last month, 12.13% in the previous
three months, and 47.14% on an YTD basis. The stock is trading 4.34% above its 50-day moving average and 18.98% above its 200-day
moving average. Additionally, shares of Cabot Oil & Gas, which develops, exploits, explores for, produces, and markets
natural gas, oil, and natural gas liquids in the US, have an RSI of 60.56.
On July 29th, 2016, the company reported that net loss in Q2 2016 was $62.9 million, or $0.14 per share, compared to net loss of $27.5 million, or $0.07 per share, in Q2 2015. The company's equivalent
production in Q2 2016 was 151.8 billion cubic feet equivalent (Bcfe).
On August 11th, 2016, research firm Scotia Howard Weil upgraded the Company's stock
rating from 'Sector Perform' to 'Sector Outperform', issuing a target price of $30 per share.
Register for free on Stock-Callers.com and access the latest report on COG at: http://stock-callers.com/registration/?symbol=COG
Anadarko Petroleum
Shares in The Woodlands, Texas headquartered Anadarko Petroleum Corp. recorded a trading
volume of 3.16 million shares. The stock ended Friday's session 1.98% lower at $54.83. The
Company's shares have gained 1.22% in the last month, 11.33% over the previous three months, and 13.10% since the start of this
year. The stock is trading above its 50-day and 200-day moving averages by 1.56% and 11.16%, respectively. Furthermore, shares of
Anadarko Petroleum, which engages in the exploration, development, production, and marketing of oil and gas properties, have an
RSI of 53.82.
On August 2nd, 2016, The Board of Directors of Anadarko Petroleum declared a
quarterly cash dividend on the company's common stock of $0.5 per share, payable September 28th, 2016, to stockholders of record at the close of business on September,
14th, 2016. Get free access to your research report on APC at: http://stock-callers.com/registration/?symbol=APC
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment
newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments.
One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a
third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on
analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document
templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is
believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed
any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently
reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or
interfere in the application of such procedures by the third-party research service company to the articles, documents or
reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or
the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this
document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss
arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document.
Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing
of the information, or (2) warrant any results from use of the information. The included information is subject to change without
notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities
mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers
in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a
company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA