Stock Research Monitor: CRK, ECR, and EEQ
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want a free Stock Review on DNR sign up now at www.wallstequities.com/registration. WallStEquities.com takes a look at the Independent Oil and Gas space, which includes companies that only explore for and produce oil and gas. These companies typically do not own refining, processing, or marketing assets to prepare that oil and gas, and then sell the product directly to end users. Under monitoring this morning are these four stocks Comstock Resources Inc. (NYSE: CRK), Denbury Resources Inc. (NYSE: DNR), Eclipse Resources Corp. (NYSE: ECR), and Enbridge Energy Management L.L.C. (NYSE: EEQ). All you have to do is sign up today for this free limited time offer by clicking the link below.
Last Friday, shares in Frisco, Texas headquartered Comstock Resources Inc. ended the session 4.61% lower at $10.97. The stock recorded a trading volume of 1.15 million shares, which was above its three months average volume of 852,160 shares. The Company's shares have surged 55.38% in the last month, 45.30% over the previous three months, and 70.34% over the past year. The stock is trading above its 50-day and 200-day moving averages by 47.15% and 57.75%, respectively. Furthermore, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 70.39.
On May 10th, 2018, Comstock Resources announced that it has entered into a definitive agreement with Arkoma Drilling, L.P. and Williston Drilling, L.P. to acquire certain oil and gas assets located in North Dakota in exchange for common stock in the Company. Arkoma and Williston are owned by Dallas businessman and owner of the Dallas Cowboys Football Club Ltd, Jerry Jones, and his family.
On May 23rd, 2018, research firm Stifel resumed its 'Hold' rating on the Company's stock, with a target price of $9.80 per share. Get the full research report on CRK for free by clicking below at:
Plano, Texas headquartered Denbury Resources Inc.'s stock finished 0.71% higher at $4.28. A total volume of 10.69 million shares was traded, which was above their three months average volume of 10.28 million shares. The Company's shares have surged 25.88% in the last month, 86.09% in the previous three months, and 176.13% over the past year. The stock is trading above its 50-day and 200-day moving averages by 28.18% and 99.32%, respectively. Moreover, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have an RSI of 64.73.
On May 08th, 2018, Denbury Resources announced its results for Q1 2018. Production in Q1 2018 was 60,338 barrels of oil equivalent per day, net income was $39.6 million, and adjusted EBITDAX was $142 million. Total lease operating expenses for the quarter were $118 million, and adjusted cash flow from operations was $125 million. Download our actionable research report on DNR at:
Shares in State College, Pennsylvania headquartered Eclipse Resources Corp. closed the day 1.23% lower at $1.60. The stock recorded a trading volume of 1.04 million shares. The Company's shares have gained 16.79% in the last month. The stock is trading above its 50-day moving average by 13.91%. Moreover, shares of Eclipse Resources, which acquires and develops oil and natural gas properties in the Appalachian Basin, have an RSI of 56.78.
On May 23rd, 2018, research firm Stifel resumed its 'Hold' rating on the Company's stock, with a target price of $1.50 per share. Register for your free report coverage on ECR at:
Enbridge Energy Management
Houston, Texas-based Enbridge Energy Management L.L.C.'s shares recorded a trading volume of 449,297 shares last Friday. The stock closed 1.05% higher at $9.60. The Company's shares have advanced 13.52% in the past month. The stock is trading 5.42% above its 50-day moving average. Additionally, shares of the Company, which owns and operates a portfolio of crude oil transportation systems in the US, have an RSI of 60.50.
On May 17th, 2018, Enbridge Inc. (ENB), which includes Enbridge Energy Management (EEQ), announced that it has made, on behalf of itself and certain of its wholly owned US subsidiaries, separate all-share proposals to the respective boards of directors of its sponsored vehicles—EEQ; Spectra Energy Partners, L.P.; Enbridge Energy Partners, L.P.; and Enbridge Income Fund Holdings Inc.—to acquire, in separate combination transactions, all of the outstanding equity securities of those sponsored vehicles not beneficially owned by ENB. Get the free research report on EEQ at:
Wall St. Equities:
Wall St. Equities (WSE) 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. WSE 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.
WSE 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 firstname.lastname@example.org. 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 WSE. WSE 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.
WSE, 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. WSE, 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, WSE, 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 WSE 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
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:
Phone number: 21 32 044 483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Wall St. Equities