The crude oil and gas industry is always searching for unexplored and potential areas for development. Recent plays by Southwestern Energy Company (NYSE:SWN) suggest that the company is looking outside the Marcellus Shale for potential development. Southwestern Energy Company (NYSE:SWN) shares after opening at $44.07 moved to $44.57 on last trade day and at the end of the day closed at $43.72. Company price to sales ratio in past twelve months was calculated as 4.55 and price to cash ratio as 669.85. Southwestern Energy Company (NYSE:SWN) showed a positive weekly performance of 2.68%.
CAMAC Energy Inc (NYSEMKT:CAK) said horizontal drilling at its recently-discovered Oyo Field would commence next month. CAMAC Energy Inc (NYSEMKT:CAK) shares advanced 8.97% in last trading session and ended the day on $0.850. CAK return on equity ratio is recorded as -7.80% and its return on assets is -7.00%. CAMAC Energy Inc (NYSEMKT:CAK) yearly performance is 254.17%.
Petroquest Energy Inc (NYSE:PQ) saw losses pile up in 2012. It made $137 million loss in the year translating to $2.20 per share. However, it managed to turn in profit in 2013 on the back of several measures taken by the company. Petroquest Energy Inc (NYSE:PQ) shares moved up 2.96% in last trading session and was closed at $5.56 while trading in range of $5.39 -$5.70 – Petroquest Energy Inc (NYSE:PQ) year to date (YTD) performance is 28.70%.
EnLink Midstream Partners LP (NYSE:ENLK) has priced $400 million aggregate principal amount of its 2.700% senior notes due 2019, $450 million aggregate principal amount of its 4.400% senior notes due 2024, and $350 million aggregate principal amount of its 5.600% senior notes due 2044, at prices to the public of 99.850%, 99.830%, and 99.925%, respectively, of their face value. EnLink Midstream Partners LP (NYSE:ENLK) weekly performance is 11.50%. On last trading day company shares ended up $35.10. EnLink Midstream Partners LP (NYSE:ENLK) distance from 50-day simple moving average (SMA50) is 20.80%. Analysts mean target price for the company is $34.06.
Leave a Reply