Stock Review for Oil and Gas Investors -- EQT Corp., Gastar Exploration, Gran Tierra Energy, and Houston American Energy
NEW YORK, March 8, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on EQT, GST, GTE, and HUSA which can be accessed for free by signing up to www.wallstequities.com/registration. Over the next three years, gains from the US alone will cover 80% of the world's demand growth, with Canada, Brazil, and Norway - all family members of the International Energy Agency (IEA) - able to cover the rest, according to "Oil 2018," IEA's five-year market analysis and forecast. This morning, WallStEquities.com reexplores the Independent Oil and Gas space to see how select stocks have fared over the past trading sessions: EQT Corp. (NYSE: EQT), Gastar Exploration Inc. (NYSE AMER: GST), Gran Tierra Energy Inc. (NYSE AMER: GTE), and Houston American Energy Corp. (NYSE AMER: HUSA). All you have to do is sign up today for this free limited time offer by clicking the link below.
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EQT Corp.
On Wednesday, shares in Pittsburgh, Pennsylvania headquartered EQT Corp. recorded a trading volume of 2.17 million shares. The stock ended the day at $51.35, declining slightly by 0.91% from the last trading session. The Company's shares have advanced 4.22% in the past month. The stock is trading below its 50-day moving average by 5.07%. Furthermore, shares of EQT Corp., which together with its subsidiaries, operates in natural gas industry in the US, have a Relative Strength Index (RSI) of 48.20.
On February 14th, 2018, research firm Wolfe Research upgraded the Company's stock rating from 'Peer Perform' to 'Outperform'.
On February 21st, 2018, EQT Corp. announced that its Board of Directors has unanimously approved a plan to separate the Company's upstream and midstream businesses, creating a standalone publicly traded corporation that will focus on midstream operations. The separation is intended to qualify as tax-free to Company shareholders for US federal income tax purposes and is expected to be completed by the end of Q3 2018. Get the full research report on EQT for free by clicking below at:
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Gastar Exploration
Houston, Texas-based Gastar Exploration Inc.'s stock saw a decline of 2.96%, finishing yesterday's session at $0.66 with a total trading volume of 770,205 shares. The stock is trading below their 200-day moving average by 25.70%. Shares of the Company, which engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the US, have an RSI of 28.43.
On February 15th, 2018, research firm Euro Pacific Capital upgraded the Company's stock rating from 'Hold' to 'Speculative Buy', with a target price of $1.50 per share.
On February 28th, 2018, Gastar Exploration announced that the Company has completed the previously announced sale of its interest in the West Edmond Hunton Lime Unit ("WEHLU") for $107.5 million, adjusted for the effective date of October 01st, 2017 and resulting in net cash proceeds of $98.8 million at closing. The WEHLU encompasses only the Upper and Lower Hunton producing formations and is primarily located in the Oklahoma and Logan counties, Oklahoma. Get access to our top-rated research, including the free report on GST at:
www.wallstequities.com/registration/?symbol=GST
Gran Tierra Energy
Shares in Calgary, Canada headquartered Gran Tierra Energy Inc. ended the session 1.17% lower at $2.54. The stock recorded a trading volume of 1.55 million shares. The Company's shares have gained 12.89% over the previous three months. The stock is trading 8.61% above its 200-day moving average. Moreover, shares of the Company, which engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil, have an RSI of 43.48.
On February 27th, 2018, Gran Tierra Energy announced its results for Q4 and year ended December 31st, 2017. For Q4 2017, net loss was USD$(41) million, and funds flow from operations were USD$69 million. For the full year 2017, net loss was USD$(32) million, and funds flow from operations were USD$220 million. Click here to subscribe for a free membership which welcomes you with our report on GTE at:
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Houston American Energy
At the closing bell on Wednesday, Houston American Energy Corp.'s stock dropped 2.22%, finishing at $0.26. A total volume of 136,808 shares was traded. The Company's shares are trading 13.91% below their 50-day moving average. Additionally, shares of the Company have an RSI of 39.86.
On February 12th, 2018, Houston American Energy provided its preliminary revenue totals for Q4 ended December 31st, 2017. Preliminary revenue estimates for the quarter totaled $414,743; preliminary production volume estimates totaled 6,150 barrels of oil ("Bbl") and 19,518 thousand cubic feet of gas ("Mcf"); and preliminary realized prices for oil and gas were $54.05/Bbl and $4.22/Mcf. To get free access to your research report on HUSA, sign up at:
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