Free Pre-Market Technical Pulse on Denbury Resources and Three More Oil & Gas Stocks
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.
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Comstock Resources
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:
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Denbury Resources
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:
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Eclipse Resources
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:
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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:
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