Technical Roundup on Oil & Gas Stocks -- Energen, Crescent Point Energy, Abraxas Petroleum, and Cimarex Energy

NEW YORK, December 27, 2016 /PRNewswire/ --

This morning, Stock-Callers.com shifts focus on select Independent Oil and Gas equities to see how current oil prices have affected their most recent performances. Under evaluation are: Energen Corp. (NYSE: EGN), Crescent Point Energy Corp. (NYSE: CPG), Abraxas Petroleum Corp. (NASDAQ: AXAS), and Cimarex Energy Co. (NYSE: XEC). According to an article on The Wall Street Journal, crude oil prices edged higher on Friday, December 23^rd, 2016, as traders closed out bets on falling prices ahead of the holiday break. US crude futures rose 7 cents, or 0.13%, to $53.02 a barrel on the New York Mercantile Exchange, reversing earlier losses in light trading. Brent, the global benchmark, gained 11 cents, or 0.2%, to $55.16 a barrel on London's ICE Futures Exchange. Sign up today and download for free the research reports for the stocks covered today at:

http://stock-callers.com/registration

Energen  

Birmingham, Alabama headquartered Energen Corp.'s stock recorded a trading volume of 444,427 shares last Friday, and finished the trading session 0.51% higher at $59.56. The Company's shares have gained 2.04% in the last one month, 10.97% over the previous three months, and 45.30% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.33% and 20.35%, respectively. Furthermore, shares of Energen, which through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico, have a Relative Strength Index (RSI) of 55.45.

On November 3^rd, 2016, Energen reported Q3 2016 GAAP net income from all operations of $53.3 million, or $0.55 per diluted share. Energen's adjusted loss in Q3 2016 totaled $(21.4) million, or $(0.22) per diluted share, compared to adjusted income of $32.4 million, or $0.41 per diluted share, in Q3 2015. The Company's production in Q3 2016 totaled 56.6 thousand barrels of oil equivalents per day.

On December 9^th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral'. EGN complete research report is just a click away at:

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

Crescent Point Energy  

On Friday, Calgary, Canada headquartered Crescent Point Energy Corp.'s stock ended the session 2.33% lower at $13.43. A total volume of 526,612 shares was traded. The Company's shares have advanced 9.36% in the last one month, 6.00% over the previous three months, and 16.15% on an YTD basis. The stock is trading 6.29% above its 50-day moving average. Moreover, shares of Crescent Point Energy, which acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the US, have an RSI of 52.17.

On December 15^th, 2016, Crescent Point Energy announced that dividend to be paid on January 16^th, 2017, in respect of December 2016 production, for shareholders of record on December 31^st, 2016, will be CDN$0.03 per share. The complimentary report on CPG can be downloaded at:

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

Abraxas Petroleum  

San Antonio, Texas-based Abraxas Petroleum Corp.'s stock ended the day 0.38% lower at $2.61 with a total trading volume of 749,913 shares. The Company's shares have surged 35.23% in the last month, 63.12% in the previous three months, and 146.23% on an YTD basis. The stock is trading 34.12% and 81.36% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Abraxas Petroleum, which engages in the acquisition, exploitation, development, and production of oil and gas properties in the US, have an RSI of 75.28.

On November 8^th, 2016, Abraxas reported that net loss for Q3 2016 was $3.3 million, or $0.02 per share, compared to a net loss of $52.4 million, or $0.50 per share, for Q3 2015. For Q3 2016, the Company reported production of 548 MBoe (5,955 Boepd) and revenue of $14.0 million. Sign up for your complimentary report on AXAS at:

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

Cimarex Energy  

Shares in Denver, Colorado headquartered Cimarex Energy Co. recorded a trading volume of 302,255 shares, and ended Friday's session 0.77% lower at $135.72. The stock has gained 4.63% in the last month, 9.01% over the previous three months, and 52.44% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.11% and 11.80%, respectively. Furthermore, shares of Cimarex Energy, which operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico, have an RSI of 48.64.

On December 16^th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On December 22^nd, 2016, Cimarex Energy announced that it plans to report Q4 2016 and FY16 financial results on February 15^th, 2017, after market close. The company will host its quarterly conference call at 11:00 a.m. EST on February 16^th, 2017. Download the research report for free on XEC at:

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

--

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