U.S. Markets closed

Free Pre-Market Technical Recap on Laredo Petroleum and Three Additional Independent Oil & Gas Stocks

Stock Research Monitor: EOG, EPE, and LGCY

LONDON, UK / ACCESSWIRE / May 15, 2018/ If you want a free Stock Review on LPI sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com scans four Independent Oil and Gas stocks, namely: EOG Resources Inc. (NYSE: EOG), EP Energy Corp. (NYSE: EPE), Laredo Petroleum Inc. (NYSE: LPI), and Legacy Reserves L.P. (NASDAQ: LGCY). On April 25th, 2018, Moody's Vice President Amol Joshi said: "We expect the global independent E&P (exploration and production) sector to see EBITDA growth in the 18%-22% range in 2018, continuing 2017's robust growth after steep declines in 2015-16." Mr. Joshi further noted: "Oil and natural gas production will increase by about 10% on average this year, while commodity prices remain range-bound, but well above onshore breakeven levels." All you have to do is sign up today for this free limited time offer by clicking the link below.


EOG Resources

Houston, Texas headquartered EOG Resources Inc.'s shares rose 1.08%, finishing Monday's trading session at $118.68. A total volume of 2.57 million shares was traded. In the last month and the previous three months, the stock has advanced 6.90% and 15.07%, respectively. Additionally, the Company's shares have gained 25.32% over the past year. The stock is trading above its 50-day and 200-day moving averages by 9.59% and 16.24%, respectively. Moreover, shares of EOG Resources, which together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas, have a Relative Strength Index (RSI) of 66.07.

On April 25th, 2018, EOG Resources' Board of Directors has declared a dividend of $0.185 per share on its Common Stock, payable on July 31st, 2018, to stockholders of record as of July 17th, 2018. The indicated annual rate is $0.74.

On May 10th, 2018, research firm Bank of America/ Merrill upgraded the Company's stock rating from ‘Neutral' to ‘Buy'. Get the full research report on EOG for free by clicking below at:


EP Energy

On Monday, shares in Houston, Texas headquartered EP Energy Corp. recorded a trading volume of 1.22 million shares, which was above their three months average volume of 919,840 shares. The stock ended the session 3.47% higher at $2.98. The Company's shares have surged 100.00% in the last month and 63.74% over the previous three months. The stock is trading 71.92% above its 50-day moving average and 27.51% above its 200-day moving average. Furthermore, shares of EP Energy, which engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the US, have an RSI of 82.85.

On May 08th, 2018, EP Energy reported its Q1 2018 results. Total operating revenues for the quarter ended March 31st, 2018, were $286 million, total operating expenses were $224 million, and net income was $18 million. The Company ended the quarter with approximately $600 million of available liquidity and $4.2 billion of net debt (total debt of $4.2 billion less cash of $19 million).

On May 14th, 2018, research firm KLR Group downgraded the Company's stock rating from 'Buy' to 'Hold'. To experience our free membership services anytime/ anywhere and access the free report on EPE, click to register at:


Laredo Petroleum

Shares in Tulsa, Oklahoma headquartered Laredo Petroleum Inc. closed at $9.96, rising 3.11% from the last trading session. The stock recorded a trading volume of 2.82 million shares. The Company's shares have gained 4.18% in the last month and 24.50% over the previous three months. The stock is trading 7.00% above its 50-day moving average. Additionally, shares of Laredo Petroleum, which operates as an independent energy company in the US, have an RSI of 52.42.

On May 02nd, 2018, Laredo Petroleum announced its Q1 2018 results. Production for Q1 2018 was a record 63,314 barrels of oil equivalent per day, net income attributable to common stockholders was $86.5 million, and adjusted EBITDA was $143.4 million. At March 31st, 2018, the Company had cash and cash equivalents of approximately $56 million and undrawn capacity under the senior secured credit facility of $945 million, resulting in total liquidity of approximately $1.0 billion.

On May 10th, 2018, research firm Tudor Pickering downgraded the Company's stock rating from 'Buy' to 'Hold'. Join our big investor community at Wall St. Equities today and get your free report on LPI at:


Legacy Reserves

Midland, Texas headquartered Legacy Reserves L.P.'s stock ended 4.13% higher at $8.32. A total volume of 1.17 million shares was traded, which was above their three months average volume of 606,410 shares. The Company's shares have surged 58.17% in the last month, 264.91% over the previous three months, and 305.85% over the past year. The stock is trading above its 50-day and 200-day moving averages by 63.74%. and 230.14%, respectively. Furthermore, 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 83.27.

On May 02nd, 2018, Legacy Reserves announced its Q1 2018 results. Net income for the quarter was $64.4 million; adjusted EBITDA was $70.7 million; and G&A expenses, excluding unit-based long-term incentive plan compensation expense, were $11.3 million. Production for the three-month period ended March 31st, 2018 increased to 46,078 Boe/d; and production expenses, excluding ad valorem taxes, decreased to $45.6 million. Know more about LGCY in our free research coverage 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.


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@wallstequities.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 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.


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:

Email: info@wallstequities.com

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