Pre-Market Technical Pulse on Oil & Gas Stocks -- Houston American Energy, Carrizo Oil & Gas, Diamondback Energy, and Baytex Energy

NEW YORK, August 28, 2017 /PRNewswire/ --

If you want a Stock Review on HUSA, CRZO, FANG, or BTE then come over to and sign up for your free customized report today. 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. Pre-market today, has initiated coverage on Houston American Energy Corp. (NYSE MKT: HUSA), Carrizo Oil & Gas Inc. (NASDAQ: CRZO), Diamondback Energy Inc. (NASDAQ: FANG), and Baytex Energy Corp. (NYSE: BTE). Sign up today on and download our free research reports on these featured stocks at:

Houston American Energy 

Last Friday, shares in Texas-based Houston American Energy Corp. ended the session 1.43% lower at $0.52. The stock recorded a trading volume of 1.13 million shares. The Company's shares have advanced 12.52% in the last one month, 16.87% over the previous three months, and 190.73% on an YTD basis. The stock is trading above its 200-day moving average by 41.46%. Furthermore, shares of Houston American Energy, which acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the US and South America, have a Relative Strength Index (RSI) of 39.32.

On August 25th, 2017, Houston American Energy provided an update with respect to the status of its operations - the anticipated commencement of production and upcoming drilling plans in Reeves County, Texas. The Company's O'Brien #3H well has been successfully hydraulically fractured in the Lower Wolfcamp A Zone, and flow back has been scheduled to begin that day. HUSA complete research report is just a click away at:

Carrizo Oil & Gas 

Houston, Texas-based Carrizo Oil & Gas Inc.'s ("CRZO") stock finished 0.89% lower at $13.35 with a total trading volume of 2.55 million shares. The Company's shares are trading below their 50-day moving average by 13.85%. Shares of the Company, which together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the US, has an RSI of 39.49.

On August 11th, 2017, CRZO announced that it has completed the closing of the transactions contemplated by the purchase and sale agreement with ExL Petroleum Management, LLC and ExL Petroleum Operating Inc. At closing, CRZO purchased approximately 16,508 net acres located in the Delaware Basin in Reeves and Ward Counties, Texas. The previously announced aggregate consideration for the transaction is approximately $648 million in cash, which includes the $75.0-million performance deposit previously paid by the Company, subject to customary purchase price adjustments. The complimentary report on CRZO can be downloaded at:

Diamondback Energy 

Shares in Midland, Texas headquartered Diamondback Energy Inc. closed the day 0.43% lower at $88.74. The stock recorded a trading volume of 413,637 shares. The Company's shares are trading below their 50-day moving average by 1.65%. Moreover, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have an RSI of 45.60.

On August 01st, 2017, Diamondback Energy announced results for Q2 ended June 30th , 2017. For Q2 2017, net income was $158 million; adjusted EBITDA was $218 million; and average realized prices were $45.43 per barrel of oil. For the quarter, the Company's cash operating costs were $7.66 per barrel of oil equivalent (boe), including lease operating expenses of $4.14 per boe; cash general and administrative expenses of $0.82 per boe; and taxes and transportation of $2.70 per boe. Sign up for your complimentary report on FANG at:

Baytex Energy 

Calgary, Canada headquartered Baytex Energy Corp.'s shares recorded a trading volume of 855,835 shares last Friday. The stock closed flat at $2.45. The Company's shares are trading 2.23% below their 50-day moving average. Additionally, shares of Baytex Energy, which engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and Eagle Ford in the US, have an RSI of 42.11.

On August 01st, 2017, Baytex Energy reported its financial results for the three months ended June 30th, 2017. For Q2 2017, production was 72,812 boe/d (79% oil and NGL) and FFO were $83.1 million. The Company produced 38,528 boe/d in the Eagle Ford for the quarter and 34,284 boe/d in Canada. Download the research report for free on BTE at:


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