Free Pre-Market Technical Pulse on Abraxas Petroleum and Three More Oil & Gas Stocks
Stock Research Monitor: AMGP, AREX, and CRZO
LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want a free Stock Review on AXAS sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com navigates the Independent Oil and Gas space, which only explores for and produces oil and gas. It typically does not own refining, processing, or marketing assets to prepare that oil and gas, and then sell the product directly to end users. Under observation today are the recent performance of Abraxas Petroleum Corp. (NASDAQ: AXAS), Antero Midstream GP L.P. (NYSE: AMGP), Approach Resources Inc. (NASDAQ: AREX), and Carrizo Oil & Gas Inc. (NASDAQ: CRZO). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Abraxas Petroleum
Last Friday, shares in San Antonio, Texas-based Abraxas Petroleum Corp. ended the session 0.97% higher at $3.11. The stock recorded a trading volume of 3.05 million shares, which was above its three months average volume of 1.29 million shares. The Company's shares have advanced 7.61% in the last month, 45.33% over the previous three months, and 69.02% over the past year. The stock is trading above its 50-day and 200-day moving averages by 21.73% and 42.10%, respectively. Furthermore, shares of Abraxas Petroleum, which engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 68.59.
On May 08th, 2018, Abraxas Petroleum reported its results for the three months ended March 31st, 2018. Production for Q1 was 944 MBoe (10,485 Boepd), and revenue was $40.6 million. Net income for Q1 2018 was $10.8 million, and EBITDA was $27.0 million. Get the full research report on AXAS for free by clicking below at:
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Antero Midstream GP
Denver, Colorado-based Antero Midstream GP L.P.'s stock finished 1.95% higher at $18.28 with a total trading volume of 435,678 shares. The Company's shares have gained 8.87% in the last month. The stock is trading above its 50-day moving average by 8.91%. Moreover, shares of Antero Midstream, which owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio, have an RSI of 68.56.
On April 30th, 2018, Antero Midstream announced that Peter A. Dea has been appointed to the Board of Directors of AMGP GP LLC, the Company's general partner, effective as of April 26th, 2018. Mr. Dea is an independent director under the director independence standards set forth in the rules and regulations of the SEC and the applicable listing standards of the NYSE. Download our actionable research report on AMGP at:
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Approach Resources
Shares in Fort Worth, Texas headquartered Approach Resources Inc. closed the day 0.36% higher at $2.75. The stock recorded a trading volume of 441,893 shares. The Company's shares are trading above their 50-day and 200-day moving averages by 3.52% and 1.16%, respectively. Moreover, shares of Approach Resources, which focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the US, have an RSI of 53.11.
On May 02nd, 2018, Approach Resources reported its Q1 2018 results. Production for Q1 2018 totaled 1,020 Mboe, revenues were $28.8 million, net loss was $7.4 million, and EBITDAX was $13.7 million. At March 31st, 2018, the Company had a $1-billion revolving credit facility in place, with a borrowing base and lender commitment amount of $325 million and liquidity of $32.7 million. Register for your free report coverage on AREX at:
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Carrizo Oil & Gas
Houston, Texas-based Carrizo Oil & Gas Inc.'s shares recorded a trading volume of 2.81 million shares last Friday. The stock closed 1.79% lower at $26.84. The Company's shares have advanced 41.56% in the past month, 44.61% in the previous three months, and 13.49% over the past year. The stock is trading 45.65% and 50.38% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the US, have an RSI of 78.75.
On May 07th, 2018, Carrizo Oil & Gas announced its results for Q1 2018. Total production for the quarter was 51,257 Boe/d, total revenues were $225.3 million, and total costs and expenses were $197.5 million. Net income attributable to common shareholders for Q1 2018 was $14.7 million, and adjusted EBITDA was $136.4 million.
On May 18th, 2018, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. Get the free research report on CRZO at:
www.wallstequities.com/registration/?symbol=CRZO
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