Free Technical Research on Oasis Petroleum and Three Other Independent Oil and Gas Stocks
Stock Research Monitor: MTDR, MUR, NFX
LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want a free Stock Review on OAS sign up now at www.wallstequities.com/registration. WallStEquities.com has initiated research coverage on Matador Resources Co. (MTDR), Murphy Oil Corp., Newfield Exploration Co., and Oasis Petroleum Inc. (NYSE: OAS). Companies in the Independent Oil and Gas space have no downstream activity. The downstream sector of the Petroleum industry involves the refining and processing operations, along with marketing and, finally, distribution. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Matador Resources
On Tuesday, shares in Dallas, Texas headquartered Matador Resources Co. recorded a trading volume of 1.81 million shares, which was higher than their three months average volume of 1.21 million shares. The stock ended the day at $33.59, rising 3.13% from the last trading session. The Company's shares have advanced 20.22% in the past month, 11.71% in the previous three months, and 40.72% over the past year. The stock is trading above its 50-day and 200-day moving averages by 10.93% and 19.92%, respectively. Furthermore, shares of Matador Resources, which engages in the exploration, development, production, and acquisition of oil and natural gas resources in the US, have a Relative Strength Index (RSI) of 61.26.
On April 19th, 2018, Matador Resources ("MTDR") and its midstream affiliate, San Mateo Midstream, LLC, announced the completion and successful start-up of the expansion of the latter's Black River cryogenic natural gas processing plant in MTDR's Rustler Breaks asset area in Eddy County, New Mexico. In addition, San Mateo Midstream has completed a natural gas liquids ("NGL") pipeline connection at the Black River processing plant to the NGL pipeline owned by EPIC Y Grade Pipeline L.P. Get the full research report on MTDR for free by clicking below at:
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Murphy Oil
El Dorado, Arkansas headquartered Murphy Oil Corp.'s stock rose 1.12%, finishing yesterday's session at $29.69. A total volume of 2.85 million shares was traded, which was above their three months average volume of 2.24 million shares. The Company's shares have gained 10.17% in the last month, 1.99% over the previous three months, and 10.78% over the past year. The stock is trading above its 50-day and 200-day moving averages by 8.71% and 7.55%, respectively. Additionally, shares of Murphy Oil, which operates as an oil and gas exploration and production company worldwide, have an RSI of 56.77.
On May 02nd, 2018, Murphy Oil announced its results for the quarter ended March 31st, 2018. Income from continuing operations for Q1 2018 was $169 million, EBITDA totaled $373 million, and production averaged 168,000 barrels of oil equivalent per day. As of March 31st, 2018, the Company had $2.8 billion of outstanding long-term, fixed-rate notes and $939 million in cash and cash equivalents. Get access to our top-rated research, including the free report on MUR at:
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Newfield Exploration
Shares in The Woodlands, Texas headquartered Newfield Exploration Co. ended the session 1.94% higher at $27.87. The stock recorded a trading volume of 5.49 million shares, which was above its three months average volume of 4.71 million shares. The Company's shares have gained 13.99% in the last month. The stock is trading 9.55% above its 50-day moving average. Moreover, shares of Newfield Exploration, which engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the US, have an RSI of 55.43.
On May 01st, 2018, Newfield Exploration announced its Q1 2018 unaudited results. Net income for the quarter was $86 million, revenues were $580 million, and net cash provided by operating activities was $260 million. Consolidated net production in Q1 2018 was approximately 176,500 BOEPD, comprising 42% oil, 20% NGL, and 38% natural gas. Domestic net production in Q1 was approximately 173,600 BOEPD, comprising 41% oil, 20% natural gas liquids, and 39% natural gas. Click here to subscribe for a free membership which welcomes you with our report on NFX at:
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Oasis Petroleum
At the closing bell on Tuesday, Houston, Texas headquartered Oasis Petroleum Inc.'s stock climbed 1.76%, finishing at $11.54. A total volume of 16.84 million shares was traded, which was above their three months average volume of 10.70 million shares. The Company's shares have surged 47.76% in the last month and 37.71% over the previous three months. The stock is trading 28.69% and 32.85% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Oasis Petroleum, which focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin, have an RSI of 78.43.
On April 23rd, 2018, research firm SunTrust downgraded the Company's stock rating from 'Hold' to 'Sell'.
On April 30th, 2018, Oasis Petroleum announced the pricing of its private placement to eligible purchasers of $400 million in aggregate principal amount of 6.25% senior unsecured notes due 2026. The notes were priced at par. The offering is expected to close on May 14th, 2018, subject to customary closing conditions. To get free access to your research report on OAS, sign up at:
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