Le Lézard
Classified in: Oil industry, Business
Subject: INO

Stock Review for Independent Oil & Gas Investors -- Abraxas Petroleum, Approach Resources, Carrizo Oil & Gas, and Comstock Resources


NEW YORK, April 11, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on AXAS, AREX, CRZO, and CRK which can be accessed for free by signing up to www.wallstequities.com/registration. The Economic Times reported that crude oil prices settled at their lowest in two weeks. Escalating US-China trade tensions, worries over increasing US production levels, and ongoing efforts by major global crude producers to reduce supply glut will likely be the main drivers of sentiment in the week ahead, as per the report. This morning, WallStEquities.com revisits the Independent Oil and Gas space to see how select stocks have fared over the past trading sessions: Abraxas Petroleum Corp. (NASDAQ: AXAS), Approach Resources Inc. (NASDAQ: AREX), Carrizo Oil & Gas Inc. (NASDAQ: CRZO), and Comstock Resources Inc. (NYSE: CRK). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration

Abraxas Petroleum

On Tuesday, shares in San Antonio, Texas-based Abraxas Petroleum Corp. recorded a trading volume of 3.00 million shares, which was higher than their three months average volume of 1.04 million shares. The stock ended the day at $2.52, jumping 8.15% from the last trading session. The Company's shares have advanced 9.09% in the past month, 0.40% in the previous three months, and 14.55% over the past year. The stock is trading above its 50-day and 200-day moving averages by 12.44% and 24.58%, respectively. Furthermore, shares of Abraxas Petroleum, which engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the US, have a Relative Strength Index (RSI) of 66.75.

On April 02nd, 2018, Abraxas Petroleum announced that the borrowing base under the Company's revolving credit facility increased $40 million to $175 million in connection with its spring borrowing base redetermination. At quarter end March 31st, 2018, the Company was $104 million drawn on the credit facility with an estimated $5.5 million in cash, providing estimated pro forma liquidity of $76.5 million. Get the full research report on AXAS for free by clicking below at: www.wallstequities.com/registration/?symbol=AXAS

Approach Resources

Fort Worth, Texas headquartered Approach Resources Inc.'s stock jumped 11.02%, finishing yesterday's session at $2.72. A total volume of 1.17 million shares was traded, which was above their three months average volume of 567,860 shares. The Company's shares have gained 6.67% in the last month and 3.82% over the past year. The stock is trading below its 200-day moving average by 1.47%. Additionally, shares of Approach Resources, which focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the US, have an RSI of 54.05. Get access to our top-rated research, including the free report on AREX at: www.wallstequities.com/registration/?symbol=AREX

Carrizo Oil & Gas

Shares in Houston, Texas-based Carrizo Oil & Gas Inc. ended the session 3.06% higher at $16.48. The stock recorded a trading volume of 3.56 million shares. The Company's shares have gained 12.34% in the last month. The stock is trading 2.11% below its 50-day moving average. Moreover, shares of the Company, which together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the US, have an RSI of 54.15.  

On March 27th, 2018, Carrizo Oil & Gas announced the appointment of Ms. Frances Aldrich Sevilla-Sacasa, age 62, to its Board of Directors, effective immediately. Her appointment increases the size of the Board to eight. Click here to subscribe for a free membership which welcomes you with our report on CRZO at: www.wallstequities.com/registration/?symbol=CRZO

Comstock Resources

At the closing bell on Tuesday, Frisco, Texas headquartered Comstock Resources Inc.'s stock rose 4.11%, finishing at $5.32. A total volume of 794,745 shares was traded, which was above their three months average volume of 608,150 shares. The Company's shares are trading 21.71% below their 200-day moving average. Additionally, shares of Comstock Resources, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 33.59. 

On April 02nd, 2018, Comstock Resources announced that it is commencing tender offers with respect to any and all of the Company's outstanding Senior Secured Toggle Notes due 2020 (CUSIP:205768AP9); 7 3/4% Convertible Secured PIK Notes due 2019 (CUSIP:205768 AM6); and 9 1/2% Convertible Secured PIK Notes due 2020 (CUSIP:205768 AN4). To get free access to your research report on CRK, sign up at: www.wallstequities.com/registration/?symbol=CRK

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