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New York, NY -- (SBWIRE) -- 03/18/2013 -- StockRunway.com issues special report on the Top Bullish Oil & Gas Operators – Comstock Resources Inc (NYSE:CRK), Lone Pine Resources Inc (NYSE:LPR), Forest Oil Corporation (NYSE:FST)
Comstock Resources Inc (NYSE:CRK) soared after Houston-based Rosetta Resources (NASDAQ: ROSE) disclosed plan to buy 53,306 net acres in the Permian Basin from Comstock in a deal valued at $768 million. The acreage of nearly 40,000 acres is located in the Wolfbone area of the Permian and that has current production of about 3,300 barrels of oil equivalent per day. Rosetta is expecting a noteworthy benefit to this acreage, identifying nearby 800 net well locations for vertical drilling. The company also expected to have further upside if horizontal drilling is possible. The remaining 13,000 acres are undelineated and are taken into account more as an exploration opportunity.
Comstock Resources Inc(NYSE:CRK) surged +12.78% and closed at $18.00 in the last trading session with the total traded volume of 5.58 million shares. That’s more than the average volume of 1.55 million. CRK is now trading above its 50 day moving average of +23.71% and 200 day moving average of +10.77%.
For How Long CRK will Fight for Profitability? Read This Trend Analysis report
It has outstanding shares of 48.30 million with the total market cap of $869.40million and its beta value stands at 0.96 times which shows that stock is less volatile.
Lone Pine Resources Inc (NYSE:LPR) jumped after news that it has raised its stake in Priceline by 25% to a total of 1.8 million shares. In other news, it also declared financial and operational results for the fourth quarter and full year 2012.
Key highlights for the fourth quarter of 2012 included generation of total gross proceeds of $93 million after completion of the Kaybob and Wild River non-core asset dispositions. Adjusted EBITDA for the quarter was $25.4 million and adjusted discretionary cash flow remained $16.0 million. The company mad investment of $14.9 million in the quarter, which included drilling 4 gross (2.8 net) wells, completing 5 gross (4.3 net) wells and bringing onstream 5 gross (4.3 net) wells.
Lone Pine Resources Inc(NYSE:LPR) gained +7.69% to close at $1.26 and its overall volume in the last trading session was 2.52 million shares, beating the average volume of 642,261. LPR hit the day high price of $1.31 and day low of $1.08.
For How Long LPR’s Gloss will Attract Investors? Find out via this report
The stock is trading with positive year-to-date performance of +2.44%. It has current ratio of 0.53 and its debt-to-equity ratio is 1.63. The company has total market cap of $107.57 million.
Forest Oil Corporation (NYSE:FST) plans to participate at Howard Weil Energy Conference on Tuesday at 5:10PM EDT.
Forest Oil Corporation(NYSE:FST) moved up +3.25% with the closing price of $6.35. The overall volume in the last trading session was 8.61 million shares. Its fifty two week range was $5.35-$13.82. The total market capitalization remained $750.86million.
The stock is ahead its 52 week low with 18.69% and its last month price volatility remained 4.88%. Its beta coefficient was 1.55 with a target price of $8.24. In its share capital, the company has 119.35 million outstanding shares while 119.01 million shares have been floated in market.
Will FST Continue To Move Higher? Find Out Here
It has insider ownership of 0.57%. Its current year earnings per share dropped with -1497.89% while the five year EPS growth rate was -37.81%.
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