Oil & Gas Stocks Under Review -- Abraxas Petroleum, Continental Resources, Enbridge Energy Management, and National Fuel Gas

NEW YORK, May 15, 2017 /PRNewswire/ --

Independent Oil and Gas companies are engaged in the exploration and production of oil and gas. Their operations can be as simple as owning and operating a handful of wells, and selling the oil and gas produced directly from the wellhead into the pipeline system. Pre-market, Stock-Callers.com monitors these four stocks: Abraxas Petroleum Corp. (NASDAQ: AXAS), Continental Resources Inc. (NYSE: CLR), Enbridge Energy Management L.L.C. (NYSE: EEQ), and National Fuel Gas Co. (NYSE: NFG). Learn more about these stocks by downloading their free research reports in PDF format at: 

http://stock-callers.com/registration

Abraxas Petroleum

Last Friday at the close, shares in San Antonio, Texas headquartered Abraxas Petroleum Corp. ended 6.04% higher at $1.93. The stock recorded a trading volume of 1.31 million shares. The Company's shares are trading below their 200-day moving average by 0.36%. 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 52.97.

On May 09^th, 2017, Abraxas Petroleum reported financial and operating results for Q1 2017. The three months ended March 31^st, 2017 resulted in production of 614 MBoe (6,822 Boepd); revenue of $18.8 million; net income of $13.7 million, or $0.09 per share; adjusted net income, excluding certain non-cash items, of $4.9 million, or $0.03 per share; EBITDA of $11.7 million; and adjusted EBITDA per bank loan covenants of $15.5 million. Sign up and read the free research report on AXAS at: 

http://stock-callers.com/registration/?symbol=AXAS

Continental Resources

Oklahoma City, Oklahoma-based Continental Resources Inc.'s stock finished Friday's session 0.19% higher at $42.06 with a total trading volume of 2.34 million shares. The Company's shares are trading below their 50-day moving average by 4.28%. Shares of the Company, which explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the US, have an RSI of 44.72.

On May 03^rd, 2017, Continental Resources announced Q1 operating and financial results. The Company reported net income of $0.47 million, or $0.00 per diluted share, for the quarter ended March 31^st, 2017. Net cash provided by operating activities was $470.2 million, EBITDAX was $482.5 million, and net production totaled 19.2 million barrels of oil equivalent for the quarter.

On May 05^th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. The complimentary research report on CLR can be downloaded at:

http://stock-callers.com/registration/?symbol=CLR

Enbridge Energy Management

Shares in Houston, Texas headquartered Enbridge Energy Management L.L.C. ended the session 2.42% higher at $16.95. A total volume of 802,510 shares was traded, which was higher than their three months average volume of 480,090 shares. The stock is trading below its 50-day moving average by 3.99%. Moreover, shares of Enbridge Energy Management, which owns and operates crude oil and liquid petroleum transportation and storage assets in the US, have an RSI of 43.00.

On May 04^th, 2017, Enbridge Energy Management confirmed that its previously declared share distribution, to be paid on May 15^th, 2017, will consist of 1.9493 additional shares for each 100 shares of record on May 08^th, 2017. The distribution of additional shares is based on the notional cash value of the declared distribution of $0.35 per share and the average closing price of Enbridge shares for the ten consecutive trading days prior to the ex-dividend date. Register for free on Stock-Callers.com and access the latest report on EEQ at: 

http://stock-callers.com/registration/?symbol=EEQ

National Fuel Gas

Williamsville, New York-based National Fuel Gas Co.'s shares recorded a trading volume of 329,838 shares. The stock closed 0.25% higher at $56.71. The Company's shares have gained 4.92% in the past month and 0.81% since the start of this year. The stock is trading 1.31% above its 200-day moving average. Additionally, shares of National Fuel Gas, which operates as a diversified energy company, have an RSI of 53.75.

On April 19^th, 2017, research firm Jefferies upgraded the Company's stock rating from 'Underperform' to 'Hold'.

On May 05^th, 2017, National Fuel Gas announced consolidated results for Q2 FY17 and for the six months ended March 31^st, 2017. Highlights for Q2 FY17 included consolidated net income of $89.3 million, adjusted EBITDA of $227.0 million, and net production of 45.6 Bcfe. The Company also raised and tightened its fiscal 2017 earnings guidance to a range of $3.20 to $3.35 per share. Get free access to your research report on NFG at:

http://stock-callers.com/registration/?symbol=NFG

--

Stock Callers:

Stock Callers (SC) 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. SC 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. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

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@stock-callers.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 SC. SC 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.

NO WARRANTY

SC, 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. SC, 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, SC, 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. 

NOT AN OFFERING 

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 SC 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

http://stock-callers.com/legal-disclaimer/

CONTACT
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@stock-callers.com
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA