Subject: INO
This Morning's Technical Outlook on Independent Oil & Gas Stocks -- Southwestern Energy, Enterprise Products Partners, Apache, and WPX Energy
NEW YORK, Jan.11, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on SWN, EPD, APA, and WPX which can be accessed for free by signing up to www.wallstequities.com/registration. Oilprice.com reported that oil prices rallied in the first week of 2018, supported by increased geopolitical risk and severely cold weather in eastern US, but the perfect storm that pushed oil prices higher also raises the risk of a correction and of heightened herd mentality in trade, analysts believe. This morning, WallStEquities.com reexplores the Independent Oil and Gas space to see how select stocks have fared over the past trading sessions: Southwestern Energy Co. (NYSE: SWN), Enterprise Products Partners L.P. (NYSE: EPD), Apache Corp. (NYSE: APA), and WPX Energy Inc. (NYSE: WPX). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Southwestern Energy
Texas-based Southwestern Energy Co.'s shares dropped 5.25%, closing Wednesday's trading session at $5.41. The stock recorded a trading volume of 30.50 million shares, which was above its three months average volume of 18.04 million shares. The Company's shares are trading 7.73% below their 50-day moving average. Additionally, shares of Southwestern Energy have a Relative Strength Index (RSI) of 42.23.
On December 18th, 2017, Southwestern Energy announced that an authorized committee of its Board of Directors declared a quarterly dividend of $15.625 per share on the Company's 6.25% Series B Mandatory Convertible Preferred Stock, payable on January 16th, 2018, to holders of record on January 01st, 2018. As of 5:00 p.m. New York Time on January 12th, 2018, each share of the Series B Preferred Stock will automatically convert into 43.4782 common shares, entitling the holders of depositary shares to receive 2.17391 shares of common stock per depositary share, subject to adjustment. Get the full research report on SWN for free by clicking below at: www.wallstequities.com/registration/?symbol=SWN
Enterprise Products Partners
On Wednesday, shares in Texas-based Enterprise Products Partners L.P. recorded a trading volume of 4.75 million shares. The stock rose 1.14%, ending the day at $28.35. The Company's shares have advanced 13.67% in the past month, 6.98% in the previous three months, and 5.63% over the past year. The stock is trading above its 50-day and 200-day moving averages by 11.62% and 7.60%, respectively. Furthermore, shares of the Company have an RSI of 77.95.
On January 08th, 2018, Enterprise Products Partners announced plans to expand the Partnership's butane isomerization facility at its complex in Mont Belvieu, Texas. This expansion is supported by long-term agreements to provide butane isomerization, storage, and pipeline services, including a 20-year, 35,000-barrel-per-day ("BPD") fee-based, tolling agreement. The Partnership is currently evaluating two options to expand its butane isomerization facilities that would add up to 30,000 BPD of incremental capacity. EPD's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=EPD
Apache
Texas-based Apache Corp.'s stock finished the day 1.26% lower at $43.99. A total volume of 3.55 million shares was traded, which was above their three months average volume of 3.51 million shares. The Company's shares have advanced 8.08% in the last month and 3.60% in the previous three months. The stock is trading above its 50-day moving average by 4.11%. Additionally, shares of Apache have an RSI of 52.04.
On January 09th, 2018, Apache announced that it will release Q4 and year-end results on February 22nd, 2018, at 7:00 a.m. CT. The Company will host a conference call at 1:00 p.m. CT that same day to discuss these results. The conference call will be webcast and available on the Company's website. Register for your free research report on APA at: www.wallstequities.com/registration/?symbol=APA
WPX Energy
Shares in Oklahoma headquartered WPX Energy Inc. ended yesterday's session 0.91% higher at $14.40. The stock recorded a trading volume of 3.82 million shares. The Company's shares have advanced 11.54% in the last month, 31.51% over the previous three months, and 3.45% over the past year. The stock is trading 12.19% and 26.55% above its 50-day and 200-day moving averages, respectively. Moreover, shares of WPX Energy have an RSI of 64.34.
On December 14th, 2017, WPX Energy announced plans to discuss its Q4 and full-year 2017 financial and operations results during a webcast on February 22nd, 2018, beginning at 10:00 a.m. ET. CEO Rick Muncrief, COO Clay Gaspar, and CFO Kevin Vann will discuss the Company's performance. The slides for the event will be posted on February 21st, 2018, at 4:15 p.m. ET on the Company's website. Wall St. Equities' downloadable research report on WPX available at: www.wallstequities.com/registration/?symbol=WPX
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