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.
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:
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:
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:
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:
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