NEW YORK, July 25, 2016 /PRNewswire/ --
Oil prices took a dive on Friday due to oversupply worries and a bearish U.S. inventory data. Stock-Callers.com sees how these have affected the recent performances of the following Independent Oil and Gas equities: Diamondback Energy Inc. (NASDAQ: FANG), Crescent Point Energy Corp. (NYSE: CPG), Resolute Energy Corp. (NYSE: REN), and Clayton Williams Energy Inc. (NYSE: CWEI). Learn more about these stocks by accessing their free notes at:
Shares Midland, Texas headquartered Diamondback Energy Inc. rose 0.06%, finishing Friday's trading session at $88.23 with a total volume of 958,813 shares traded. The stock has gained 5.44% over the previous three months and 31.88% since the start of this year. The Company's shares are trading above their 200-day moving average by 12.75%. Additionally, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have a Relative Strength Index (RSI) of 45.97.
On July 13th, 2016, Diamondback Energy announced that it has entered into a definitive purchase agreement with an unrelated third party seller to acquire leasehold interests and related assets in the Southern Delaware Basin for an aggregate purchase price of $560 million, subject to certain adjustments. The company also announced an increase in its 2016 production guidance to a range of 38.0 to 40.0 million Barrels of Oil Equivalents per day (Mboe/d), up 11% from the midpoint of the February guidance range of 32.0 to 38.0 Mboe/d, as a result of increasing activity from three to four rigs in the second half of 2016 as well as continued strong well performance.
On July 14th, 2016, research firm Wunderlich reiterated its 'Buy' rating with an increase of the target price to $110 a share from $100 a share for the Company's stock. See our complete notes on FANG at:
Crescent Point Energy
Calgary, Canada headquartered Crescent Point Energy Corp.'s stock ended the session at $15.36, climbing 0.26%. A total volume of 497,200 shares was traded. The Company's shares have surged 32.85% on an YTD basis and are trading 12.30% above their 200-day moving average. Moreover, shares of Crescent Point Energy, which acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the U.S., have an RSI of 45.92.
On July 15th, 2016, Crescent Point Energy confirmed that the dividend to be paid on August 15th, 2016, in respect of July 2016 production, for shareholders of record on July 31st, 2016, will be CDN$0.03 per share.
On July 22nd, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm also revised upwards its previous target price from $23 to $28. CPG free notes are just a click away at:
On Friday, shares in Denver, Colorado-based Resolute Energy Corp. recorded a trading volume of 942,464 shares. The stock jumped 8.52%, closing the day at $7.64. The Company's shares have skyrocketed 108.17% in the last one month; 1,166.37% over the previous three months; and 778.16% on an YTD basis. The stock is trading 155.57% above its 50-day moving average and 529.36% above its 200-day moving average. Additionally, shares of Resolute Energy, which engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the U.S., have an RSI of 76.46.
On July 08th, 2016, Resolute Energy announced an agreement to sell certain Permian Basin midstream assets to an undisclosed Permian Basin midstream company pursuant to which Resolute and an existing minority interest holder will sell the gas gathering and water handling systems currently operated by Resolute Energy in its Appaloosa and Mustang project areas in Reeves County, Texas, for aggregate gross consideration of up to $110 million.
On July 11th, 2016, research firm Wunderlich upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $4 to $8. Sign up for your complimentary notes on REN at:
Clayton Williams Energy
At the close, shares in Midland, Texas headquartered Clayton Williams Energy Inc. recorded a trading volume of 454,500 shares. The stock ended the session at $31.10, soaring 3.67%. The Company's shares have gained 17.27% in the past month, 71.63% in the previous three months, and 5.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 16.81% and 5.85%, respectively. Furthermore, shares of Clayton Williams Energy have an RSI of 57.91.
On July 21st, 2016, Clayton Williams Energy announced that it will hold its Q2 results conference call at 11:30 a.m. Eastern Time on August 3rd, 2016, before the market opens. Register for free on Stock-Callers.com and access the latest notes on CWEI at:
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