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Pre-Market Technical Pulse on Independent Oil & Gas Stocks — Abraxas Petroleum, Chesapeake Energy, Cobalt International Energy, and Houston American Energy

NEW YORK, Nov. 06, 2017 /PRNewswire/ —

If you want a Stock Review on AXAS, CHK, CIE, or HUSA then come over to and sign up for your free customized report. Also known as non-integrated oil and gas, Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry with no downstream marketing or refining within their operations. Today, scans these equities: Abraxas Petroleum Corp. (NASDAQ:AXAS), Chesapeake Energy Corp. (NYSE:CHK), Cobalt International Energy Inc. (NYSE:CIE), and Houston American Energy Corp. (NYSE AMER:HUSA). Sign up today on and download our free research reports on these featured stocks at:

Abraxas Petroleum

Last Friday, shares in San Antonio, Texas headquartered Abraxas Petroleum Corp. ended the session 2.29% higher at $2.23. The stock recorded a trading volume of 1.52 million shares, which was above its three months average volume of 1.05 million shares. The Company’s shares have advanced 13.78% in the last one month and 32.74% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 19.84% and 17.00%, 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 71.66.

On October 09th, 2017, Abraxas Petroleum announced that it will release its Q3 2017 earnings on November 07th, 2017 after the market close. Due to a conference scheduling conflict, the Company will host its earnings conference call on November 09th, 2017, at 11:00 a.m. ET. A live webcast of the conference call can be accessed under the “Investor Relations” portion of the Company’s website. AXAS complete research report is just a click away at:

Chesapeake Energy

Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp.’s stock finished 2.19% higher at $3.74 with a total trading volume of 29.06 million shares. The stock is trading below their 50-day moving average by 4.82%. Shares of the Company, which engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the US, have an RSI of 45.89.

On October 11th, 2017, research firm Barclays reiterated its ‘Underweight’ rating on the Company’s stock with an increase of the target price from $2 a share to $3 a share.

On November 02nd, 2017, Chesapeake Energy reported financial and operational results for Q3 2017. Highlights included an average quarterly production of 541,600 boe per day; an average oil production of 86,000 barrels per day; and total production of approximately 584,000 boe per day, including 99,000 barrels of oil, on October 30th, 2017. Net loss available to common stockholders for Q3 2017 was $41 million, and EBITDA was $345 million. The complimentary report on CHK can be downloaded at:

Cobalt International Energy

Shares in Houston, Texas headquartered Cobalt International Energy Inc. closed the day 14.65% lower at $0.53. The stock recorded a trading volume of 1.65 million shares, which was above its three months average volume of 491,480 shares. The Company’s shares are trading below their 50-day moving average by 62.92%. Moreover, shares of the Company have an RSI of 16.12.

On November 02nd, 2017, Cobalt International Energy announced Q3 2017 results. Net loss for Q3 2017 was $150 million, or $5.05 per basic and diluted share, compared to a net loss of $218 million, or $7.98 per basic and diluted share, for Q3 2016. As of September 30th, 2017, cash, cash equivalents, short-term investments and restricted cash were approximately $547 million. Sign up for your complimentary report on CIE at:

Houston American Energy

Texas-based Houston American Energy Corp.’s shares recorded a trading volume of 468,825 shares last Friday. The stock closed 4.61% lower at $0.40. The Company’s shares have skyrocketed 125.34% since the start of this year. The stock is trading 7.63% below its 200-day moving average. Additionally, shares of the Company have an RSI of 42.46.

On October 26th, 2017, Houston American Energy reported that its O’Brien #3H well (12.5% w.i.)—a 4,575′ lateral Upper Wolfcamp A well in its southern Reeves County Riverbend project area—is now connected to a gas sales line, enabling the sale of first production. During a previously announced test, conducted prior to completion of the gas flowline, the well produced 359 BO/D and 4,077 MCF/D (1,039 BOE/D). The well, now on line, is expected to reach peak rate within the next thirty days. Download the research report for free on HUSA at:


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