NEW YORK, February 22, 2017 /PRNewswire/ --
Stock-Callers.com has taken note of the recent performances of four equities in the Independent Oil and Gas industry which
are: SM Energy Co. (NYSE: SM), Continental Resources Inc. (NYSE: CLR), Newfield Exploration Co. (NYSE: NFX), and EP Energy Corp.
(NYSE: EPE). These companies are exclusively engaged in the exploration and production segment of the industry, with no
downstream marketing or refining within their operations. Learn more about these stocks by downloading their free research
reports in PDF format at:
http://stock-callers.com/registration
SM Energy
Denver, Colorado headquartered SM Energy Co.'s stock finished Tuesday's session 5.08% higher
at $28.36. A total volume of 3.86 million shares was traded, which was above their three months
average volume of 2.94 million shares. The Company's shares are trading below their 200-day moving average by 13.40%. Moreover,
shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate,
natural gas, and natural gas liquids in onshore North America, have a Relative Strength Index
(RSI) of 39.12.
On January 31 st, 2017, SM Energy announced results on eight new wells located in
Howard County in the Midland Basin, Texas. The Company noted
that The Tackleberry 43-42 A 1WA, a 7,860' lateral Wolfcamp A completion, produced a peak average 30-day initial production rate
of 2,262 Boe/d, which is among the highest 30-day rates per lateral foot recorded in the Midland Basin. SM Energy added that all
eight wells are exceeding pre-completion estimates for productivity. Sign up and read the free research report on SM at:
http://stock-callers.com/registration/?symbol=SM
Continental Resources
Shares in Oklahoma City, Oklahoma-based Continental Resources Inc. rose 2.63%, ending
yesterday's session at $47.18 with a total trading volume of 2.64 million shares. The stock is
trading 1.08% below its 200-day moving average. Shares of the Company, which explores for, develops, and produces crude oil and
natural gas properties in the north, south, and east regions of the US, have an RSI of 44.57.
On January 25 th, 2017, Continental Resources announced full year 2017 capital
expenditures budget of $1.95 billion, which is expected to accelerate production growth in H2 2017
to an exit rate of 250,000 to 260,000 barrels of oil equivalent (Boe) per day. The Company stated that crude oil is projected to
account for approximately 59% of total production by year end compared to approximately 55% in Q4 2016. Continental Resources' Q4
2016 production averaged approximately 210,000 Boe per day, reflecting persistent severe weather in North Dakota since late November 2016. The Company expects production to range
between 210,000 and 215,000 Boe per day through H1 2017.
On January 31 st, 2017, research firm KLR Group upgraded the Company's stock rating
from 'Hold' to 'Buy'. The complimentary research report on CLR can be downloaded at:
http://stock-callers.com/registration/?symbol=CLR
Newfield Exploration
On Tuesday, The Woodlands, Texas headquartered Newfield Exploration Co.'s stock climbed
1.60%, to close the day at $42.49. A total volume of 2.86 million shares was traded, which was
above their three months average volume of 2.36 million shares. The Company's shares have advanced 1.60% in the last one month,
6.76% in the previous three months, and 4.91% on an YTD basis. The stock is trading 0.25% above its 200-day moving average.
Additionally, shares of Newfield Exploration, which engages in the exploration, development, and production of crude oil, natural
gas, and natural gas liquids in the US, have an RSI of 53.21.
On February 21 st, 2017, Newfield Exploration reported Q4 2016 net income of
$13 million, or $0.07 per diluted share. After adjusting for the
effect of unrealized derivative losses, net income would have been $98 million, or $0.49 per share. The Company's revenues for Q4 2016 were $415 million. Net cash
provided by operating activities was $239 million. Newfield's
total net production in Q4 2016 was 13.9 MMBOE; comprised of 44% oil, 18% natural gas liquids, and 38% natural gas. Register for
free on Stock-Callers.com and access the latest report on NFX at:
http://stock-callers.com/registration/?symbol=NFX
EP Energy
Shares in Houston, Texas headquartered EP Energy Corp. ended the day 1.24% higher at
$4.90. A total volume of 1.24 million shares was traded. The stock has gained 17.51% in the
previous three months. The Company's shares are trading below their 200-day moving average by 0.57%. Furthermore, shares of EP
Energy, which acquires and develops unconventional onshore oil and natural gas properties in the US, have an RSI of 35.65.
As per a SEC filing dated February 21 st, 2017, EP Energy's Board of Directors
approved the appointment of M. Cliff Ryan, Jr. to the Company's Board on February 20 th, 2017. The appointment was made at the direction of certain affiliates of Riverstone
Holdings LLC pursuant to the Riverstone's director appointment rights under the Company's Stockholders Agreement, dated as of
August 30 th, 2013. Get free access to your research report on EPE at:
http://stock-callers.com/registration/?symbol=EPE
--
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