Technical Roundup on Oil & Gas Stocks -- Resolute Energy, Diamondback Energy, Kosmos Energy, and Eclipse Resources

Companies in the Independent Oil and Gas space bring a sharp focus to their business activities, such as eliminating competing resource allocations among different businesses. Additionally, these firms may thrive or wither on the rise or fall of the oil and gas prices. Pre-market, tracks the most recent performances of Resolute Energy Corp., Diamondback Energy Inc., Kosmos Energy Ltd, and Eclipse Resources Corp.

Resolute Energy  

Denver, Colorado-based Resolute Energy Corp.'s stock finished Tuesday's session 1.37% higher at $41.43 with a total trading volume of 726,946 shares. Over the last month and the previous three months, the Company's shares have advanced 27.32% and 97.66%, respectively. Additionally, the stock has surged 852.41% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 30.76% and 176.55%, respectively. Moreover, shares of Resolute Energy, which engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the US, have a Relative Strength Index (RSI) of 66.76.

Resolute Energy announced that it has closed its previously announced underwritten public offering of 4,370,000 shares of its common stock, which includes the full exercise by the underwriters of their option to purchase an additional 570,000 shares of common stock. The net proceeds from the offering were approximately $160.8 million. The Company intends to use the net proceeds from the offering to repay its second lien secured term loan, with any additional proceeds to be used to repay a portion of the borrowings outstanding under the Company's revolving credit facility

Source: Chelmsford Park SA
Date: Dec 28, 2016