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Technical Roundup on Independent Oil & Gas Stocks -- Canadian Natural Resources, Ultra Petroleum, Extraction Oil & Gas, and Bellatrix Exploration

PR Newswire

NEW YORK, May 16, 2017 /PRNewswire/ --

Pre-market today, Stock-Callers.com scans the recent performances of Canadian Natural Resources Ltd (NYSE: CNQ), Ultra Petroleum Corp. (NASDAQ: UPL), Extraction Oil & Gas LLC (NASDAQ: XOG), and Bellatrix Exploration Ltd (NYSE: BXE). Also known as Non-Integrated Oil and Gas, Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration

Canadian Natural Resources  

Calgary, Canada headquartered Canadian Natural Resources Ltd's stock finished Monday's session 1.98% higher at $31.42 with a total trading volume of 1.99 million shares. The Company's shares have advanced 5.60% in the previous three months. The stock is trading 0.27% above its 200-day moving average. Additionally, shares of Canadian Natural Resources, which acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids, have a Relative Strength Index (RSI) of 45.68.

On May 04 th, 2017, Canadian Natural Resources announced that the Company's Board of Directors has declared a quarterly cash dividend on its common shares of C$0.275 per common share. The dividend will be payable on July 01 st, 2017 to shareholders of record at the close of business on June 16 th, 2017. CNQ complete research report is just a click away at: http://stock-callers.com/registration/?symbol=CNQ

Ultra Petroleum  

On Monday, shares in Houston, Texas headquartered Ultra Petroleum Corp. recorded a trading volume of 1.11 million shares. The stock ended the session 1.83% lower at $11.78. The Company's shares have advanced 4.25% on an YTD basis. Moreover, shares of Ultra Petroleum, which engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties, are trading 4.18% above its 50-day moving average.

On May 03 rd, 2017, Ultra Petroleum announced financial and operating results for Q1 2017. Total revenues increased 39% to $221.0 million; cash operating margins improved 156% to $2.33 per Mcfe; adjusted net income was $119.3 million, or $1.49 per diluted share; and net loss was $89.7 million, or $1.12 per diluted share, for the quarter ended March 31 st, 2017. The complimentary report on UPL can be downloaded at: http://stock-callers.com/registration/?symbol=UPL

Extraction Oil & Gas  

Denver-based Extraction Oil & Gas LLC's shares closed the day 0.12% lower at $16.45. The stock recorded a trading volume of 1.04 million shares. The Company's shares are trading 3.06% below their 50-day moving average. Additionally, shares of Extraction Oil & Gas, which focuses on the exploration and production of oil and gas reserves in the Rocky Mountains, have an RSI of 50.55.

On May 03 rd, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.

On May 09 th, 2017, the Company reported financial and operational results for Q1 2017. Average net sales volumes were 33,383 barrels of oil equivalent per day, including 13,454 barrels per day of oil; net income was $8.7 million, or $0.03 per basic and diluted share; oil, natural gas, and NGL sales revenue was $89.6 million; and adjusted EBITDAX was $51.5 million for the three months ended March 31 st, 2017. Sign up for your complimentary report on XOG at: http://stock-callers.com/registration/?symbol=XOG

Bellatrix Exploration  

Shares in Calgary, Canada-based Bellatrix Exploration Ltd finished 2.60% higher at $0.76. The stock recorded a trading volume of 448,150 shares, which was higher than its three months average volume of 408,880 shares. The Company's shares are trading below their 50-day moving averages by 0.99%. Furthermore, shares of Bellatrix Exploration, which engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada, have an RSI of 52.51.

On May 10 th, 2017, Bellatrix Exploration announced its financial and operating results for Q1 ended March 31 st, 2017. Cash flow from operating activities decreased by 19% to CDN$8.3 million for the quarter; net profit was CDN$13.0 million, or CDN$0.05 per basic share and diluted share; total revenue increased by 20% to CDN$66.0 million; and production expenses totaled CDN$29.3 million. Download the research report for free on BXE at: http://stock-callers.com/registration/?symbol=BXE

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