Stock Review for Independent Oil and Gas Investors -- Kosmos Energy, Laredo Petroleum, Legacy Reserves, and Marathon Oil
Stock Review for Independent Oil and Gas Investors -- Kosmos Energy, Laredo Petroleum, Legacy Reserves, and Marathon Oil
NEW YORK, March 5, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on KOS, LPI, LGCY, and MRO which can be accessed for free by signing up to www.wallstequities.com/registration. Research reports have been issued by WallStEquities.com on Kosmos Energy Ltd (NYSE: KOS), Laredo Petroleum Inc. (NYSE: LPI), Legacy Reserves L.P. (NASDAQ: LGCY), and Marathon Oil Corp. (NYSE: MRO). These companies are part of the Independent Oil and Gas space, which receives nearly all of its revenues from production at the wellhead. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Kosmos Energy
Last Friday at the close, shares in Hamilton, Bermuda-based Kosmos Energy Ltd ended 0.72% higher at $5.59. The stock recorded a trading volume of 2.67 million shares. The Company's shares are trading below their 50-day moving average by 13.82%. Furthermore, shares of Kosmos Energy, which explores for and produces oil and gas in Africa and South America, have a Relative Strength Index (RSI) of 41.92.
On February 12(th), 2018, Kosmos Energy confirmed that the governments of Mauritania and Senegal have signed an Inter-Governmental Cooperation Agreement on February 09(th), 2018, enabling the development of the cross-border Tortue natural gas field to continue moving forward. With this agreement in place, the Company expects a final investment decision for the Greater Tortue project around the end of 2018 and is aiming for first gas in 2021. Get the full research report on KOS for free by clicking below at:
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Laredo Petroleum
Tulsa, Oklahoma headquartered Laredo Petroleum Inc.'s stock finished Friday's session 2.26% higher at $8.61 with a total trading volume of 2.20 million shares. The stock is trading below their 50-day moving average by 11.98%. Shares of the Company, which operates as an independent energy company in the US, have an RSI of 44.23.
On February 14(th), 2018, Laredo Petroleum announced its Q4 2017 and full-year results. For Q4 2017, net income attributable to common stockholders was $408.6 million, and adjusted EBITDA was $133.8 million. For the full year 2017, net income attributable to common stockholders was $549.0 million, and adjusted EBITDA was $486.4 million. At December 31(st), 2017, the Company had cash and cash equivalents of approximately $112 million and undrawn capacity under the senior secured credit facility of $1 billion. Get access to our top-rated research, including the free report on LPI at:
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Legacy Reserves
Shares in Midland, Texas headquartered Legacy Reserves L.P. ended the session 8.13% higher at $3.99. A total volume of 821,849 shares was traded, which was above their three months average volume of 507,330 shares. The stock has surged 67.65% in the past month, 169.59% over the previous three months, and 72.73% over the past year. The Company's shares are trading above their 50-day and 200-day moving averages by 84.84% and 142.95%, respectively. Moreover, shares of Legacy Reserves, which acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the US, have an RSI of 89.23.
On February 21(st), 2018, Legacy Reserves announced its Q4 2017 and annual results. For Q4 2017, production was a record 49,185 Boe/d; oil production was a record 17,696 Bbls/d; net loss was $25.3 million; and adjusted EBITDA was $82.9 million. For the full year, production was a record 44,967 Boe/d; oil production was a record 13,786 Bbls/d; net loss was $53.9 million; and adjusted EBITDA was $226.2 million. Click here to subscribe for a free membership which welcomes you with our report on LGCY at:
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Marathon Oil
Houston, Texas headquartered Marathon Oil Corp.'s shares recorded a trading volume of 11.47 million shares. The stock closed 2.27% higher at $14.86. The Company's shares have gained 0.75% in the previous three months. The stock is trading 5.65% above its 200-day moving average. Additionally, shares of Marathon Oil, which operates as an energy company, have an RSI of 37.91.
On March 02(nd), 2018, Marathon Oil (MRO) announced that on March 01(st), 2018, the Company has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds MRO's 16.33% non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country exit for MRO. To get free access to your research report on MRO, sign up at:
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