Stock Research Monitor: GPOR, LPI, and LGCY
LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want a free Stock Review on MRO sign up now at www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com renavigates the Independent Oil and Gas space, which is exclusively engaged in the exploration and production segment of the industry with no downstream marketing or refining within their operations. Lined up for monitoring this morning are these four equities: Gulfport Energy Corp. (NASDAQ: GPOR), Laredo Petroleum Inc. (NYSE: LPI), Legacy Reserves L.P. (NASDAQ: LGCY), and Marathon Oil Corp. (NYSE: MRO). All you have to do is sign up today for this free limited time offer by clicking the link below.
Oklahoma City, Oklahoma headquartered Gulfport Energy Corp.'s stock finished Thursday's session 3.35% higher at $10.48 with a total trading volume of 3.10 million shares. The Company's shares have advanced 15.80% in the past month and 3.05% in the previous three months. The stock is trading 5.71% above its 50-day moving average. Additionally, shares of Gulfport Energy, which engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids in the US, have a Relative Strength Index (RSI) of 50.23.
On May 15th, 2018, Gulfport Energy provided an update on recent SCOOP well results. Key highlights include: (i) Lilly 3-15X10H produced at an average 30-day production rate of 16.7 MMcfe per day, or 2,449 Mcfe per 1,000 foot of lateral; and (ii) Lilly 4-15X10H produced at an average 30-day production rate of 13.1 MMcfe per day, or 1,782 Mcfe per 1,000 foot of lateral.
On May 23rd, 2018, research firm Stifel resumed its 'Buy' rating on the Company's stock, with a target price of $13.40 per share. Get the full research report on GPOR for free by clicking below at:
On Thursday, shares in Tulsa, Oklahoma headquartered Laredo Petroleum Inc. recorded a trading volume of 3.55 million shares. The stock ended the session 4.88% higher at $8.60. The Company's shares are trading 9.39% below their 50-day moving average. Moreover, shares of Laredo Petroleum, which operates as an independent energy company in the US, have an RSI of 42.95.
On May 10th, 2018, research firm Tudor Pickering downgraded the Company's stock rating from 'Buy' to 'Hold'. Download our actionable research report on LPI at:
Midland, Texas headquartered Legacy Reserves L.P.'s shares closed the day 4.62% higher at $6.34. The stock recorded a trading volume of 845,848 shares. The Company's shares have surged 54.63% over the previous three months and 272.94% over the past year. The stock is trading 6.79% and 113.19% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Legacy Reserves, which acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the US, have an RSI of 51.33. Register for your free report coverage on LGCY at:
Shares in Houston, Texas headquartered Marathon Oil Corp. finished 1.93% higher at $21.10. The stock recorded a trading volume of 7.84 million shares. The Company's shares have advanced 3.23% in the last month, 42.28% in the previous three months, and 72.81% over the past year. The stock is trading above its 50-day and 200-day moving averages by 10.53% and 31.87%, respectively. Furthermore, shares of Marathon Oil, which operates as an energy company in the US, Equatorial Guinea, the UK, and Libya, have an RSI of 57.19.
On May 10th, 2018, Marathon Oil (MRO) and its partners announced that they have executed a Heads of Agreement with the Government of the Republic of Equatorial Guinea and necessary third parties, establishing the framework for processing third-party natural gas volumes through the Alba Plant LLC's liquefied petroleum gas processing plant and EG LNG's liquefied natural gas production facility, both located in Punta Europa, EG. MRO, through its wholly owned subsidiaries, is the majority shareholder in both Alba Plant LLC and EG LNG. Get the free research report on MRO at:
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