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Oil & Gas Stocks Under Scanner -- EXCO Resources, EQT Corp., Carrizo Oil & Gas, and Kosmos Energy

EQT, EXCE, KOS

PR Newswire

NEW YORK, August 30, 2016 /PRNewswire/ --

Independent Oil and Gas operators explore for and produce oil and gas. The industry is made up of many publicly traded exploration and production companies, along with privately held companies. Stock-Callers.com takes a look at this morning's featured equities and see where they stand in the market today: EXCO Resources Inc. (NYSE: XCO), EQT Corp. (NYSE: EQT), Carrizo Oil & Gas Inc. (NASDAQ: CRZO), and Kosmos Energy Ltd (NYSE: KOS). You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration

EXCO Resources  

At the close on Monday, shares in Dallas, Texas-based EXCO Resources Inc. saw a decline of 6.78%, ending the day at $1.10. The stock recorded a trading volume of 2.66 million shares, which was above its three months average volume of 1.80 million shares. The Company's shares have surged 22.22% in the previous three months. The stock is trading below its 200-day moving average by 4.83%. Moreover, shares of EXCO Resources, which engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the US, have a Relative Strength Index (RSI) of 27.19.

On August 24th, 2016, the company announced that for EXCO's outstanding 7.500% Senior Notes due 2018, it has received $23,475,000 under Aggregate Principal Amount Tendered and Not Withdrawn, while EXCO's outstanding 8.500% Senior Notes due 2022 received, $119,299,000. The Principal Amount Outstanding was 131,576,000 and $171,432,000 for the Senior Notes due 2018, and Senior Notes due 2022, respectively at the expiration of offer. Visit us today and download your complete report on XCO for free at: http://stock-callers.com/registration/?symbol=XCO

EQT Corp. 

Shares in Pittsburgh, Pennsylvania headquartered EQT Corp. ended the day 1.30% higher at $72.61 with a total trading volume of 1.13 million shares. The stock has gained 39.48% on an YTD basis. The Company's shares are trading above their 200-day moving average by 11.85%. Furthermore, shares of EQT Corp., which together with its subsidiaries, operates as an integrated energy company in the US, have an RSI of 55.23.

On August 26th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy', issuing a target price of $87 per share. The complimentary research report on EQT can be accessed at: http://stock-callers.com/registration/?symbol=EQT

Carrizo Oil & Gas  

On Monday, shares in Houston, Texas-based Carrizo Oil & Gas Inc. finished 2.21% higher at $38.84. A total volume of 2.09 million shares was traded, which was higher than their three months average volume of 1.50 million shares. The stock has advanced 18.41% in the last one month, 0.88% over the previous three months, and 31.30% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.50% and 20.34%, respectively. Additionally, shares of Carrizo Oil & Gas, which together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the US, have an RSI of 61.32.

On August 4th, 2016, Carrizo reported a Q2 2016 loss from continuing operations of $262.1 million, or $4.46 per basic and diluted share, compared to a loss from continuing operations of $47.0 million, or $0.92 per basic and diluted share in Q2 2015. The company's production volumes during the Q2 2016 were 3,780 MBoe, or 41,533 Boe/d, an increase of 15% on y-o-y basis.

On August 17th, 2016, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $39 a share to $45 a share. Register for free on Stock-Callers.com and download the PDF research report on CRZO at: http://stock-callers.com/registration/?symbol=CRZO

Kosmos Energy  

Hamilton, Bermuda-based Kosmos Energy Ltd's stock recorded a trading volume of 876,560 shares at the end of yesterday's session and closed the day at $6.00, gaining 0.84%. The stock has advanced 8.11% in the last one month, 4.53% in the previous three months, and 15.38% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 5.89% and 9.30%, respectively. Additionally, shares of Kosmos Energy, which explores for and produces oil and gas in Africa, Europe, and South America, have an RSI at 57.24.

On August 8th, 2016, Kosmos Energy reported a net loss of $108.3 million, or $0.28 per diluted share, for Q2 2016, as compared to a net loss of $75.2 million, or $0.20 per share in the same period last year. The company's Q2 2016 oil revenues were $46 million versus $119 million in Q2 2015, on sales of one cargo of 0.9 million barrels of oil for 2016 as compared to two cargos totaling 1.9 million barrels in 2015. Get free access to your research report on KOS at: http://stock-callers.com/registration/?symbol=KOS

--

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