Technical Roundup on Oil & Gas Stocks -- Energen, Crescent Point Energy, Abraxas Petroleum, and Cimarex Energy

NEW YORK, December 27, 2016 /PRNewswire/ --

This morning, Stock-Callers.com shifts focus on select Independent Oil and Gas equities to see how current oil prices have affected their most recent performances. Under evaluation are: Energen Corp. (NYSE: EGN), Crescent Point Energy Corp. (NYSE: CPG), Abraxas Petroleum Corp. (NASDAQ: AXAS), and Cimarex Energy Co. (NYSE: XEC). According to an article on The Wall Street Journal, crude oil prices edged higher on Friday, December 23rd, 2016, as traders closed out bets on falling prices ahead of the holiday break. US crude futures rose 7 cents, or 0.13%, to $53.02 a barrel on the New York Mercantile Exchange, reversing earlier losses in light trading. Brent, the global benchmark, gained 11 cents, or 0.2%, to $55.16 a barrel on London's ICE Futures Exchange. Sign up today and download for free the research reports for the stocks covered today at:

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Energen  

Birmingham, Alabama headquartered Energen Corp.'s stock recorded a trading volume of 444,427 shares last Friday, and finished the trading session 0.51% higher at $59.56. The Company's shares have gained 2.04% in the last one month, 10.97% over the previous three months, and 45.30% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.33% and 20.35%, respectively. Furthermore, shares of Energen, which through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico, have a Relative Strength Index (RSI) of 55.45.

On November 3rd, 2016, Energen reported Q3 2016 GAAP net income from all operations of $53.3 million, or $0.55 per diluted share. Energen's adjusted loss in Q3 2016 totaled $(21.4) million, or $(0.22) per diluted share, compared to adjusted income of $32.4 million, or $0.41 per diluted share, in Q3 2015. The Company's production in Q3 2016 totaled 56.6 thousand barrels of oil equivalents per day.

On December 9th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral'. EGN complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=EGN


Crescent Point Energy  

On Friday, Calgary, Canada headquartered Crescent Point Energy Corp.'s stock ended the session 2.33% lower at $13.43. A total volume of 526,612 shares was traded. The Company's shares have advanced 9.36% in the last one month, 6.00% over the previous three months, and 16.15% on an YTD basis. The stock is trading 6.29% above its 50-day moving average. Moreover, shares of Crescent Point Energy, which acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the US, have an RSI of 52.17.

On December 15th, 2016, Crescent Point Energy announced that dividend to be paid on January 16th, 2017, in respect of December 2016 production, for shareholders of record on December 31st, 2016, will be CDN$0.03 per share. The complimentary report on CPG can be downloaded at:

http://stock-callers.com/registration/?symbol=CPG


Abraxas Petroleum  

San Antonio, Texas-based Abraxas Petroleum Corp.'s stock ended the day 0.38% lower at $2.61 with a total trading volume of 749,913 shares. The Company's shares have surged 35.23% in the last month, 63.12% in the previous three months, and 146.23% on an YTD basis. The stock is trading 34.12% and 81.36% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Abraxas Petroleum, which engages in the acquisition, exploitation, development, and production of oil and gas properties in the US, have an RSI of 75.28.

On November 8th, 2016, Abraxas reported that net loss for Q3 2016 was $3.3 million, or $0.02 per share, compared to a net loss of $52.4 million, or $0.50 per share, for Q3 2015. For Q3 2016, the Company reported production of 548 MBoe (5,955 Boepd) and revenue of $14.0 million. Sign up for your complimentary report on AXAS at:

http://stock-callers.com/registration/?symbol=AXAS


Cimarex Energy  

Shares in Denver, Colorado headquartered Cimarex Energy Co. recorded a trading volume of 302,255 shares, and ended Friday's session 0.77% lower at $135.72. The stock has gained 4.63% in the last month, 9.01% over the previous three months, and 52.44% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.11% and 11.80%, 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 48.64.

On December 16th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On December 22nd, 2016, Cimarex Energy announced that it plans to report Q4 2016 and FY16 financial results on February 15th, 2017, after market close. The company will host its quarterly conference call at 11:00 a.m. EST on February 16th, 2017. Download the research report for free on XEC at:

http://stock-callers.com/registration/?symbol=XEC

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