Technical Roundup on Oil & Gas Stocks -- EnLink Midstream Partners, Legacy Reserves, Comstock Resources, and Bellatrix Exploration

NEW YORK, January 20, 2017 /PRNewswire/ --

Today, Stock-Callers.com turns to the Independent Oil and Gas space to see how current oil prices have influenced the performances of some equities. For review this morning are: EnLink Midstream Partners L.P. (NYSE: ENLK), Legacy Reserves L.P. (NASDAQ: LGCY), Comstock Resources Inc. (NYSE: CRK), and Bellatrix Exploration Ltd (NYSE: BXE). According to heads of Gunvor Group and Mercuria Energy Group, crude prices are expected to range between $50 and $60 a barrel in 2017. West Texas Intermediate is forecasted to average $60 a barrel in 2018, which is just $5 higher than what the median of 30 analyst estimates predicted a year ago. Sign up today and download for free the research reports for the stocks covered today at:

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EnLink Midstream Partners

Dallas, Texas headquartered EnLink Midstream Partners L.P.'s stock finished Thursday's session 0.27% higher at $18.50 with a total trading volume of 480,464 shares. Over the last month and the previous three months, the Company's shares have advanced 8.06% and 3.08%, respectively. Additionally, the stock has gained 0.43% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.60% and 14.05%, respectively. Moreover, shares of EnLink Midstream Partners, which through its subsidiary, EnLink Midstream Operating, L.P., provides midstream energy services, have a Relative Strength Index (RSI) of 62.29.

On January 12^th, 2017, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.

On January 19^th, 2017, The EnLink Midstream companies announced quarterly distributions for EnLink Midstream Partners, L.P. (the Master Limited Partnership) and EnLink Midstream, LLC (the General Partner) for Q4 2016. The quarterly distribution on the Master Limited Partnership's common units will be $0.39 per common unit, payable on February 13^th, 2017, to unit-holders of record on January 31^st, 2017. The quarterly distribution on the General Partner's common units will be $0.255 per common unit, payable on February 14^th, 2017, to unit-holders of record on January 31^st, 2017. ENLK complete research report is just a click away at:

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Legacy Reserves

Shares in Midland, Texas headquartered Legacy Reserves L.P. ended yesterday's session flat at $2.44 with a total trading volume of 161,498 shares. The stock has gained 5.63% in the past month, 95.20% in the previous three months, and 15.09% on an YTD basis. The Company's shares are trading 14.91% above their 50-day moving average and 29.30% above their 200-day moving average. Moreover, shares of Legacy Reserves, which acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the US, have an RSI of 57.99. The complimentary report on LGCY can be downloaded at:

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Comstock Resources

On Thursday, Frisco, Texas headquartered Comstock Resources Inc.'s stock saw a slight decline of 0.80%, to close the day at $9.93. A total volume of 164,844 shares was traded. The Company's shares have advanced 3.12% in the last one month, 14.40% in the previous three months, and 0.81% on an YTD basis. The stock is trading 2.26% and 53.40% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 50.92.

On January 09^th, 2017, Comstock Resources announced that it Comstock and USG Properties Haynesville, LLC ("USG") have entered an agreement to jointly develop certain acreage prospective for the Haynesville shale in Louisiana and Texas which has recently been acquired by USG. Comstock will operate the wells to be drilled and will manage the drilling program. Comstock will receive a 12.5% working interest in the acreage in consideration for serving as operator and can acquire an additional 12.5% working interest in each well drilled by reimbursing USG for the related acreage costs of the well being drilled. With the addition of the joint development venture, Comstock has revised its capital budget for 2017 to $168.5 million and anticipates drilling 24 (18.9 net) Haynesville shale wells in 2017. Sign up for your complimentary report on CRK at:

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Bellatrix Exploration

Shares in Calgary, Canada-based Bellatrix Exploration Ltd ended the day 1.34% higher at $0.88 with a total trading volume of 378,988 shares. The stock is trading above its 50-day moving average by 0.25%. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan, have an RSI of 44.47.

On January 05^th, 2017, Bellatrix announced that its Board of Directors has approved a net capital budget of $105 million in 2017. The 2017 net capital budget is designed to achieve production growth of over 10% (exit 2016 to exit 2017) and annual average production of 33,500 boe/d. Download the research report for free on BXE at:

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