NEW YORK, November 7, 2016 /PRNewswire/ --
Stock-Callers.com has lined up the following Independent Oil and Gas equities for review: Oasis Petroleum Inc. (NYSE: OAS), Denbury Resources Inc. (NYSE: DNR), WPX Energy Inc. (NYSE: WPX), and ConocoPhillips (NYSE: COP). Oil prices dropped on Friday, November 04, 2016, as tension between Saudi Arabia and Iran resurfaced at the OPEC meeting last week. According to OPEC sources, Riyadh said it could raise oil output again if Tehran refuses to limit its supply. Brent crude fell 77 cents at $45.58 a barrel as of 1249 ET. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Texas headquartered Oasis Petroleum Inc. ended 2.59% higher at $10.31. The stock recorded a trading volume of 11.10 million shares. Shares of the Company have advanced 15.71% in the previous three months and 39.89% on an YTD basis. The stock is trading above its 200-day moving average by 18.00%. Furthermore, shares of Oasis Petroleum, which focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, have a Relative Strength Index (RSI) of 42.00.
On October 20th, 2016, Oasis Petroleum announced that it will release its Q3 2016 financial and operational results on November 7th, 2016, after the close of trading. Additionally, the Company will host a conference call on November 8th, 2016, at 10:00 a.m. Central Time to discuss these results.
On October 20th, 2016, research firm Tudor Pickering upgraded the Company's stock rating from 'Hold' to 'Buy'. Sign up and read the free research report on OAS at:
Texas headquartered Denbury Resources Inc.'s stock finished Friday's session 0.41% lower at $2.43 with a total trading volume of 9.95 million shares. The Company's shares have advanced 20.30% since the start of this year. The stock is trading below its 50-day moving average by 16.72%. Additionally, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have an RSI of 31.92.
On October 06th, 2016, research firm Mizuho initiated a 'Neutral' rating on the Company's stock, issuing a target price of $3 per share.
On November 03rd, 2016, Denbury Resources announced a net loss of $25 million, or $0.06 per diluted share, for Q3 2016. On an adjusted basis, the Company reported adjusted net income for Q3 2016 of $1 million. Denbury's continuing production averaged 60,714 BOE per day during Q3 2016. Denbury's average realized oil price per Bbl, excluding derivative settlements, was $43.45 in Q3 2016 compared to $45.74 in Q3 2015. The complimentary research report on DNR can be downloaded at:
Shares in Oklahoma headquartered WPX Energy Inc. ended the session 3.05% lower at $11.46. A total volume of 9.80 million shares was traded, which was above their three months average volume of 8.89 million shares. The stock has gained 10.09% in the previous three months and 99.65% on an YTD basis. The Company's shares are trading above their 200-day moving average by 25.11%. Moreover, shares of WPX Energy, which engages in the exploitation and development of unconventional properties in the US, have an RSI of 43.02.
On October 17th, 2016, research firm Barclays upgraded the Company's stock rating from 'Underweight' to 'Equal Weight'. The research firm also revised upwards its previous target price from $9 a share to $13 a share.
On November 02nd, 2016, WPX reported an unaudited Q3 2016 net loss attributable to common shareholders of $245 million, or a loss of $0.72 per share. The company's adjusted net loss in the reported quarter was $0.17 per share. The weighted average gross sales price - prior to revenue deductions - for oil was $39.15 per barrel in Q3 2016 versus $39.66 a year ago. Register for free on Stock-Callers.com and access the latest report on WPX at:
ConocoPhillips' stock recorded a trading volume of 7.32 million shares, and closed 1.93% lower at $42.76. The Company's shares have gained 3.48% in the previous three months. The stock is trading 2.16% above its 50-day moving average and 4.32% above its 200-day moving average. Additionally, shares of ConocoPhillips, which explores, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide, have an RSI of 49.32.
On October 27th, 2016, ConocoPhillips reported Q3 2016 net loss of $1.0 billion, or ($0.84) per share, compared to Q3 2015 net loss of $1.1 billion, or ($0.87) per share. The company achieved Q3 2016 production of 1,557 MBOED.
On October 31st, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $52 a share to $53 a share. Get free access to your research report on COP at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA