NEW YORK, March 27, 2017 /PRNewswire/ --
Stock-Callers.com today focuses on four Independent Oil and Gas stocks to see how they have fared at the close of the last trading session. Up for review this morning are: Denbury Resources Inc. (NYSE: DNR), WPX Energy Inc. (NYSE: WPX), ConocoPhillips (NYSE: COP), and Cabot Oil & Gas Corp. (NYSE: COG). On Friday, March 24th, 2017, oil prices finished slightly higher, but logged their third weekly loss in a month. May West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $47.97 a barrel on the New York Mercantile Exchange. May Brent crude added 24 cents, or 0.5%, to $50.80 a barrel. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Plano, Texas headquartered Denbury Resources Inc. ended 2.71% higher at $2.27. The stock recorded a trading volume of 9.03 million shares, which was above its three months average volume of 7.97 million shares. The Company's shares are trading below their 50-day moving average by 26.58%. Furthermore, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have a Relative Strength Index (RSI) of 30.76.
On March 21st, 2017, Denbury Resources announced that Phil Rykhoek, the Company's Chief Executive Officer for the past eight years, will retire from that role on June 30th, 2017, and, as part of the Company's leadership succession plan, its Board of Directors intends to elect Christian S. Kendall as CEO as of that date. Sign up and read the free research report on DNR at:
Tulsa, Oklahoma headquartered WPX Energy Inc.'s stock finished Friday's session 2.32% higher at $12.34 with a total trading volume of 6.69 million shares. The Company's shares are trading above their 200-day moving average by 0.42%. Shares of the Company, which engages in the exploitation and development of unconventional properties in the US, have an RSI of 44.90.
On March 23rd, 2017, research firm UBS initiated a 'Buy' rating on the Company's stock, with a target price of $17 per share. The complimentary research report on WPX can be downloaded at:
Shares in Houston, Texas headquartered ConocoPhillips ended the session 0.85% lower at $44.10. A total volume of 8.79 million shares was traded, which was above their three months average volume of 6.78 million shares. The stock is trading below its 200-day moving average by 1.58%. Moreover, shares of ConocoPhillips, which explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide, have an RSI of 32.48. Register for free on Stock-Callers.com and access the latest report on COP at:
Houston, Texas headquartered Cabot Oil & Gas Corp.'s shares recorded a trading volume of 8.03 million shares, which was above their three months average volume of 6.46 million shares. The stock closed 1.44% higher at $23.18. The Company's shares have gained 2.89% in the past month and 3.39% in the previous three months. The stock is trading 2.50% above its 50-day moving average. Additionally, shares of Cabot Oil & Gas, which develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the US, have an RSI of 55.24.
On February 28th, 2017, research firm Bernstein downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Get free access to your research report on COG at:
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