Subject: INO
Stock Review for Independent Oil & Gas Investors -- Noble Energy, EP Energy, EnerJex Resources, and Ultra Petroleum
NEW YORK, Dec. 11, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on NBL, EPE, ENRJ, and UPL which is a click away at http://www.wallstequities.com/registration. AzerNews reported that a poll conducted by S&P Global Platts showed that OPEC reduced oil production last November by 220,000 barrels per day, compared to October, to 32.35 million barrels per day. The drop in production was due to a steady decline in oil production in Angola, Saudi Arabia, Iraq, Venezuela, Libya, and the UAE. This morning, WallStEquities.com turns its attention to four stocks in the Independent Oil and Gas space to see how they have fared over the past few trading sessions: Noble Energy Inc. (NYSE: NBL), EP Energy Corp. (NYSE: EPE), EnerJex Resources Inc. (NYSE AMER: ENRJ), and Ultra Petroleum Corp. (NASDAQ: UPL). Sign up today for free and learn why our members refer to our research coverage as the 'best out there': http://www.wallstequities.com/registration
Noble Energy
Last Friday at the close, shares in Houston, Texas-based Noble Energy Inc. ended 4.02% higher at $26.94. The stock recorded a trading volume of 6.54 million shares, which was above its three months average volume of 4.89 million shares. The Company's shares have advanced 7.59% in the previous three months. The stock is trading below its 50-day moving average by 1.38%. Furthermore, shares of Noble Energy, which engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide, have a Relative Strength Index (RSI) of 52.37.
On November 16th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with a decrease of the target price from $33 a share to $30 a share. Signing up now gives you access to the free research coverage on NBL at: http://www.wallstequities.com/registration/?symbol=NBL
EP Energy
Houston, Texas headquartered EP Energy Corp.'s stock finished Friday's session 5.49% lower at $1.55. A total volume of 854,426 shares was traded, which was above their three months average volume of 752,120 shares. The stock is trading below their 50-day moving average by 39.43%. Additionally, shares of EP Energy, which engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the US, have an RSI of 26.01. Get access to our top-rated research, including the free report on EPE at:
http://www.wallstequities.com/registration/?symbol=EPE
EnerJex Resources
Shares in San Antonio, Texas headquartered EnerJex Resources Inc. ended the session 12.98% higher at $0.27. A total volume of 1.44 million shares was traded, which was above their three months average volume of 1.25 million shares. The stock is trading below its 50-day moving average by 6.63%. Moreover, shares of EnerJex Resources, which acquires, exploits, develops, and produces crude oil and natural gas in the US, have an RSI of 48.09. Click here to subscribe for a free membership which welcomes you with our report on ENRJ at: http://www.wallstequities.com/registration/?symbol=ENRJ
Ultra Petroleum
Houston, Texas headquartered Ultra Petroleum Corp.'s shares recorded a trading volume of 1.64 million shares. The stock closed 2.69% higher at $9.15. The Company's shares have gained 8.16% in the past month and 11.86% in the previous three months. The stock is trading 6.70% above its 50-day moving average. Additionally, shares of Ultra Petroleum, which engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties, have an RSI of 54.71.
On November 15th, 2017, Ultra Petroleum announced the following updates: for its Pinedale Horizontal Program, the Company's two-mile horizontal well targeting the Lower Lance A interval achieved a 24-hour test rate of 42 MMcfe/d on November 14th, 2017. Flow-back parameters included a gas rate of 38 MMcf/d, a condensate rate of 700 barrels per day, and a flowing casing pressure of 3,000 psi. For its Asset Sales, the Company has engaged CIBC Griffis & Small as exclusive technical and financial advisor to assist in the divestment of its non-core assets. For its Commodity Hedges, the Company is targeting to hedge at least 50% of production for 2018. To get free access to your research report on UPL, sign up at: http://www.wallstequities.com/registration/?symbol=UPL
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