Oil & Gas Stocks Under Scanner -- Hess, Callon Petroleum, Occidental Petroleum, and Laredo Petroleum

21 Sep, 2016, 07:25 ET from Chelmsford Park SA

NEW YORK, September 21, 2016 /PRNewswire/ --

On Tuesday, September 20, 2016, the NASDAQ Composite ended the trading session at 5,241.35, up 0.12%; the Dow Jones Industrial Average edged 0.05% higher, to finish at 18,129.96; and the S&P 500 closed at 2,139.76, up 0.03%. Stock-Callers.com has initiated research reports on the following equities: Hess Corporation (NYSE: HES), Callon Petroleum Company (NYSE: CPE), Occidental Petroleum Corporation (NYSE: OXY), and Laredo Petroleum Inc. (NYSE: LPI). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration

Hess  

New York headquartered Hess Corp.'s stock finished Tuesday's session 0.63% lower at $45.67 with a total volume of 5.16 million shares traded. Shares of the Company, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, are trading below its 50-day and 200-day moving averages by 15.14% and 11.38%, respectively. Hess' stock has a Relative Strength Index (RSI) of 23.95.

On September 12th, 2016, research firm KLR Group initiated an 'Accumulate' rating on the Company's stock, issuing a target price of $65 per share. Sign up and read the free research report on HES at: http://stock-callers.com/registration/?symbol=HES

Callon Petroleum  

Natchez, Mississippi headquartered Callon Petroleum Co.'s stock fell 1.53%, to close the day at $14.15. The stock recorded a trading volume of 2.93 million shares. Callon Petroleum's shares have gained 0.21% in the last one month, 20.73% in the previous three months, and 67.85% in the past one year. Shares of the Company, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, are trading 7.59% and 41.94% above its 50-day and 200-day moving averages, respectively. Additionally, the stock has an RSI of 50.13.

On September 9th, 2016, research firm FBR Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $17 a share to $19 a share. The complimentary research report on CPE can be downloaded at: http://stock-callers.com/registration/?symbol=CPE

Occidental Petroleum  

On Tuesday, shares in Houston, Texas headquartered Occidental Petroleum Corp. ended the session 0.45% lower at $70.50 with a total volume of 4.34 million shares traded. Shares of Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas properties in the US and internationally, have advanced 9.98% in the past one year. The stock is trading 5.87% below its 50-day moving average and 0.16% below its 200-day moving average. Moreover, shares of the Company have an RSI of 29.02.

On September 12th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Neutral' to 'Underweight'. Register for free on Stock-Callers.com and access the latest report on OXY at: http://stock-callers.com/registration/?symbol=OXY

Laredo Petroleum  

On Tuesday, shares in Tulsa, Oklahoma headquartered Laredo Petroleum Inc. recorded a trading volume of 2.87 million shares. The stock ended the day 1.40% lower at $11.24. Shares of Laredo Petroleum, which operates as an independent energy company in the US, have gained 7.35% in the past one year. The Company is trading above its 200-day moving average by 17.37%. Furthermore, shares of Laredo Petroleum have an RSI of 42.80.

On September 13th, 2016, research firm FBR Capital initiated an 'Outperform' rating on the Company's stock, issuing a target price of $14 per share. Get free access to your research report on LPI at: http://stock-callers.com/registration/?symbol=LPI

--

Stock Callers: 

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 info@stock-callers.com. 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.  

NO WARRANTY 

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 http://stock-callers.com/legal-disclaimer/

CONTACT 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: Email: info@stock-callers.com 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