Subject: INO
Today's Research Report Coverage on Independent Oil & Gas Stocks - Approach Resources, Cimarex Energy, Marathon Oil, and Matador Resources
NEW YORK, October 20, 2017 /PRNewswire/ --
If you want a Stock Review on AREX, XEC, MRO, or MTDR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Pre-market, DailyStockTracker.com scans the performance of Approach Resources Inc. (NASDAQ: AREX), Cimarex Energy Co. (NYSE: XEC), Marathon Oil Corp. (NYSE: MRO), and Matador Resources Co. (NYSE: MTDR). Independent Oil and Gas companies are basically entities that only explore for and produce oil and gas. They typically do not own refining, processing, or marketing assets to prepare that oil and gas and then sell the product directly to end users. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at: http://dailystocktracker.com/register/
Approach Resources
On Thursday, shares in Fort Worth, Texas headquartered Approach Resources Inc. recorded a trading volume of 177,350 shares. The stock ended at $2.38, declining 1.65% from the last trading session. The Company's shares are trading below their 50-day moving average by 6.55%. Furthermore, shares of Approach Resources, which focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the US, have a Relative Strength Index (RSI) of 43.83. The free research report on AREX is available at: http://dailystocktracker.com/registration/?symbol=AREX
Cimarex Energy
Denver, Colorado headquartered Cimarex Energy Co.'s stock finished yesterday's session 0.25% higher at $115.32 with a total trading volume of 618,394 shares. The Company's shares have gained 5.49% in the last one month and 21.36% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 8.43% and 1.91%, 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 63.26.
On September 28th, 2017, Cimarex Energy announced that it plans to report Q3 2017 financial results on November 07th, 2017, after market close. The Company will host its quarterly conference call at 11:00
a.m. EST on November 08th, 2017. The call will be webcast and accessible on the Company's website.
On October 18th, 2017, research firm Williams Capital Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $132 a share to $140 a share. The complimentary report on XEC can be downloaded at: http://dailystocktracker.com/registration/?symbol=XEC
Marathon Oil
At the close of trading on Thursday, shares in Houston, Texas headquartered Marathon Oil Corp. saw a slight decline of 0.22%, ending the day at $13.74. The stock recorded a trading volume of 7.34 million shares. The Company's shares have advanced 10.63% in the last one month and 15.95% in the previous three months. The stock is trading 11.68% above its 50-day moving average. Moreover, shares of Marathon Oil, which operates as an energy company, have an RSI of 67.04.
On October 03rd, 2017, Marathon Oil announced that it expects Q3 2017 US E&P production available for sale to average toward the high end of its guidance of 230,000 to 240,000 net barrels of oil equivalent per day (boed), despite the temporary impacts experienced from Hurricane Harvey. With the efficient ramp-up of production and strong early rates from new wells brought to sales, the Company expects Q3 Eagle Ford production to average approximately 100,000 net boed, in-line with Q2 levels.
On October 11th, 2017, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with an increase of the target price from $11 a share to $13 a share. Visit us today and download our complete research report on MRO for free at: http://dailystocktracker.com/registration/?symbol=MRO
Matador Resources
Dallas, Texas headquartered Matador Resources Co.'s shares ended the day 1.60% lower at $25.84 with a total trading volume of 1.04 million shares. The stock has gained 1.69% in the last month, 12.49% over the previous three months, and 0.31% on an YTD basis. The Company's shares are trading 4.05% above their 50-day moving average and 7.84% above their 200-day moving average. Additionally, shares of Matador Resources, which engages in the exploration, development, production, and acquisition of oil and natural gas resources in the US, have an RSI of 50.33. Get free access to your technical report on MTDR at: http://dailystocktracker.com/registration/?symbol=MTDR
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