Pre-Market Technical Recap on Oil & Gas Stocks -- Newfield Exploration, Approach Resources, Matador Resources, and Cimarex Energy

NEW YORK, August 4, 2017 /PRNewswire/ --

If you want a Stock Review on NFX, AREX, MTDR, or XEC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Earlier this week, a Reuters' survey showed that OPEC output hit a 2017 high of 33 million bpd in July, up 90,000 bpd from the previous month, led by a further recovery in supply from Libya - one of the countries exempt from a production-cutting deal. Today, DailyStockTracker.com revisits four Independent Oil and Gas companies to see how they have fared over the previous trading sessions: Newfield Exploration Co. (NYSE: NFX), Approach Resources Inc. (NASDAQ: AREX), Matador Resources Co. (NYSE: MTDR), and Cimarex Energy Co. (NYSE: XEC). Daily Stock Tracker provides great insights on these stocks in its free research reports at: http://dailystocktracker.com/register/

Newfield Exploration 

The Woodlands, Texas headquartered Newfield Exploration Co.'s shares saw a correction of 1.20%, finishing Thursday's trading session at $26.38. A total volume of 4.58 million shares was traded, which was higher than their three months average volume of 3.39 million shares. The stock is trading below its 50-day moving average by 8.56%. Moreover, shares of Newfield Exploration, which engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the US, have a Relative Strength Index (RSI) of 40.09.

On August 01^st, 2017, Newfield Exploration announced Q2 2017 unaudited financial and operating results. Net income for the quarter was $98 million; revenues were $402 million; net cash provided by operating activities was $300 million; and discretionary cash flow from operations was $215 million. Total net production was approximately 150,000 BOEPD in Q2 2017, comprised of 44% oil, 18% natural gas liquids, and 38% natural gas. Free research report on NFX is available at: http://dailystocktracker.com/registration/?symbol=NFX

Approach Resources 

On Thursday, shares in Fort Worth, Texas headquartered Approach Resources Inc. recorded a trading volume of 980,870 shares, which was above their three months average volume of 908,090 shares. The stock ended the session 9.69% lower at $2.65. The Company's shares have surged 30.79% over the previous three months, and are trading 7.71% below their 50-day moving average. Furthermore, 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 39.13.

On August 02^nd, 2017, Approach Resources reported Q2 2017 financial and operational results. Production totaled 1,080 MBoe (11.9 MBoe/d) for Q2 2017, made up of 26% oil, 35% NGLs, and 39% natural gas. Net loss for the quarter was $8.9 million, or $0.10 per diluted share, on revenues of $25 million. Lease operating expenses averaged $3.92 per Boe, and interest expense totaled $4.9 million. The complimentary research report on AREX can be downloaded at: http://dailystocktracker.com/registration/?symbol=AREX

Matador Resources 

Shares in Dallas, Texas headquartered Matador Resources Co. closed at $21.86, plummeting 9.07% from the last trading session. The stock recorded a trading volume of 2.88 million shares, which was above its three months average volume of 2.06 million shares. The Company's shares have gained 1.63% in the last one month. The stock is trading 3.24% below its 50-day moving average. Additionally, shares of Matador Resources, which engages in the exploration, development, production, and acquisition of oil and natural gas resources in the US, have an RSI of 39.65.

On July 18^th, 2017, research firm Imperial Capital initiated an 'Outperform' rating on the Company's stock, with a target price of $32 per share.

On August 02^nd, 2017, Matador Resources reported financial and operating results for Q2 2017. GAAP net income for the quarter was $28.5 million, adjusted net income was $10.9 million, and adjusted EBITDA was $72.7 million. Average daily oil production for Q2 2017 was approximately 19,400 barrels per day; average daily natural gas production was approximately 105.0 million cubic feet per day; and average daily oil equivalent production was approximately 36,900 BOE per day. Visit DailyStockTracker.com today and access our complete research report on MTDR at: http://dailystocktracker.com/registration/?symbol=MTDR

Cimarex Energy 

Denver, Colorado headquartered Cimarex Energy Co.'s stock ended 5.38% lower at $92.89. A total volume of 1.88 million shares was traded, which was above their three months average volume of 1.23 million shares. The Company's shares are trading below their 50-day moving average by 5.17%. 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 39.12.

On July 10^th, 2017, Cimarex Energy announced that it plans to report Q2 2017 financial results on August 08^th, 2017, after market close. The Company will host its quarterly conference call at 11:00 a.m. EDT on August 09^th, 2017. The call will be webcast and accessible via the Company's website. Get free access to your research report on XEC at: http://dailystocktracker.com/registration/?symbol=XEC

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