Early Morning Insight: Forest Oil Corp., Quicksilver Resources Inc., EXCO Resources Inc., and Canadian Natural Resources Ltd Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 23, 2013 /PRNewswire/ --
The U.S. equity market rebounded on Thursday, August 22, 2013. The S&P 500 rose 0.86% to close the day at 1,656.96, and the NASDAQ composite rose 1.08% to close the day at 3,638.71. Shares in independent oil & gas companies ended on a higher note, tracking gains in the broader market. The major movers in the industry on Thursday included Forest Oil Corporation (NYSE: FST), Quicksilver Resources Inc. (NYSE: KWK), EXCO Resources Inc. (NYSE: XCO), and Canadian Natural Resources Ltd. (NYSE: CNQ). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on FST, KWK, XCO, and CNQ now at:
Forest Oil Corporation's shares moved higher on Thursday, tracking gains in the broader market. The company's shares ended the day at $5.37, up 0.19%, after oscillating between $5.30 and $5.44. A total of 2.40 million shares were traded, which is below the daily average volume of 3.83 million. The company's stock has gained 10.04% in the last three months, outperforming the S&P 500 which has gained 0.10% during the same period. Further, the stock is trading above its 50-day moving average. Download free research on FST today by registering at:
Quicksilver Resources Inc.'s stock rose sharply on Thursday, finishing at $1.64, up 1.23% from the previous closing price of $1.62. The company's shares fluctuated between $1.62 and $1.67. A total of 1.55 million shares were traded, which is below the daily average volume of 3.20 million. The Company's stock has gained 0.61% in the previous three trading sessions, compared to a gain of 0.66% in the S&P 500 during the same period. Sign up and have access to our free report on KWK at:
On Thursday, shares in EXCO Resources Inc. also rose sharply, reversing their losses from previous trading sessions. The company's shares vacillated between $7.40 and 7.71 to end the day 2.17% higher at $7.54. A total of 2.07 million shares were traded, which is below the daily average volume of 2.73 million. The company's shares have gained 1.34% in the last three trading sessions, outperforming the S&P 500 which has gained 0.66% during the same period. Additionally, EXCO Resources Inc.'s stock is trading above its 200- day moving average of $7.48. Sign up and read the complimentary report on XCO at:
Shares in Canadian Natural Resources Ltd. closed the day 1.43% higher at $29.70 after oscillating between $29.23 and $29.77. A total of 1.13 million shares were traded, which is below the daily average volume of 2.36 million. The company's shares have gained 0.13% in the last three days, compared to a gain of 0.66% in the S&P 500 during the same period. Despite Thursday's advances, Canadian Natural Resources Ltd's stock is trading below its 50-day and 200-day moving averages. The free report on CNQ can be downloaded by signing up now at:
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