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Nov 14, 2017 6:40 AM ET

Pre-Market Technical Pulse on Independent Oil & Gas Stocks — EOG Resources, EQT Corp., Carrizo Oil & Gas, and Diamondback Energy

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iCrowdNewswire - Nov 14, 2017



If you want a Stock Review on EOG, EQT, CRZO, or FANG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com observes the recent performance of the following equities: EOG Resources Inc. (NYSE: EOG), EQT Corp. (NYSE: EQT), Carrizo Oil & Gas Inc. (NASDAQ: CRZO), and Diamondback Energy Inc. (NASDAQ: FANG). 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. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at: http://dailystocktracker.com/register/

EOG Resources

Last Friday, shares in Texas headquartered EOG Resources Inc. ended the session 0.19% lower at $104.58. The stock recorded a trading volume of 3.38 million shares, which was above its three months average volume of 2.70 million shares. The Company’s shares have advanced 8.20% in the last one month, 18.85% over the previous three months, and 3.44% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.13% and 11.47%, respectively. Furthermore, shares of EOG Resources have a Relative Strength Index (RSI) of 70.50.  

On November 07th, 2017, research firm RBC Capital Markets reiterated its ‘Sector Perform’ rating on the Company’s stock with an increase of the target price from $107 a share to $110 a share.

On November 08th, 2017, EOG Resources announced that it is scheduled to present at the Bank of America Merrill Lynch Global Energy Conference on November 16th, 2017, at 9:00 a.m. ET.  David W. Trice, Executive Vice President, Exploration and Production, will present on behalf of the Company. The live webcast can be accessed under the “Investors/Overview” page of the Company’s website. EOG complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=EOG

EQT Corp.

Pennsylvania headquartered EQT Corp.’s stock finished 1.11% lower at $65.18. A total volume of 22.75 million shares was traded, which was above their three months average volume of 3.14 million shares. The Company’s shares have gained 2.66% in the last one month and 5.44% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.86% and 7.27%, respectively. Moreover, shares of EQT Corp. have an RSI of 57.54.  

On November 09th, 2017, EQT Corp. (EQT) announced that, based on the final tabulation provided by its proxy solicitor, shareholders have approved the Company’s pending transaction with Rice Energy Inc. at its special meeting held earlier that day. Of the total shares cast, approximately 84% voted in favor of the proposal to issue stock for execution of the transaction. EQT expects the transaction to close on November 13th, 2017. The complimentary report on EQT can be downloaded at: http://dailystocktracker.com/registration/?symbol=EQT

Carrizo Oil & Gas

Shares in Texas-based Carrizo Oil & Gas Inc. closed the day 0.45% higher at $20.06. The stock recorded a trading volume of 5.31 million shares, which was above its three months average volume of 3.81 million shares. The Company’s shares have surged 23.22% in the last month and 46.32% over the previous three months. The stock is trading above its 50-day moving average by 27.02%. Moreover, shares of the Company have an RSI of 70.16.  

On November 07th, 2017, Carrizo Oil & Gas announced the Company’s financial results for Q3 2017. Crude oil production for the quarter was 34,903 Bbls/d, and total production was 55,224 Boe/d. Net income attributable to common shareholders was $5.6 million for Q3 2017, net cash provided by operating activities was $101.4 million, and adjusted EBITDA was $132.8 million.

On November 09th, 2017, research firm RBC Capital Markets reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $20 a share to $23 a share. Sign up for your complimentary report on CRZO at: http://dailystocktracker.com/registration/?symbol=CRZO

Diamondback Energy

Texas headquartered Diamondback Energy Inc.’s shares recorded a trading volume of 1.00 million shares last Friday. The stock closed 0.75% higher at $111.86. The Company’s shares have advanced 10.62% in the past month, 23.26% in the previous three months, and 10.69% since the start of this year. The stock is trading 12.16% and 14.31% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Diamondback Energy have an RSI of 69.50.  

On November 06th, 2017, Diamondback Energy announced financial and operating results for Q3 ended September 30th, 2017. Production for the quarter was 85.0 Mboe/d; net income was $73 million; and adjusted EBITDA was $232 million. As of September 30th, 2017, the Company had $26 million in standalone cash and $235 millionoutstanding on its revolving credit facility. The free report on FANG can be accessed at: http://dailystocktracker.com/registration/?symbol=FANG

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