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:
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