NEW YORK, February 28, 2017 /PRNewswire/ --
Stock-Callers.com puts focus on the current performances of the following Oil and Gas Drilling and Exploration companies: Helmerich & Payne Inc. (NYSE: HP), Cenovus Energy Inc. (NYSE: CVE), Pioneer Energy Services Corp. (NYSE: PES), and Concho Resources Inc. (NYSE: CXO). These firms are engaged in upstream operations that include searching for potential underground or underwater crude oil or natural gas fields, and drilling and operating wells that bring crude oil or natural gas to the surface. Learn more about these stocks by downloading their free research reports in PDF format at:
Helmerich & Payne
Tulsa, Oklahoma headquartered Helmerich & Payne Inc.'s stock finished Monday's session 1.55% higher at $68.58 with a total trading volume of 1.33 million shares. The Company's shares are trading above their 200-day moving average by 3.78%. Shares of the Company, which engages in the contract drilling of oil and gas wells, have a Relative Strength Index (RSI) of 42.08.
On January 26th, 2017, Helmerich & Payne reported a net loss of $35 million, or negative $0.33 per diluted share, from operating revenues of $369 million for Q1 FY17 compared to net income of $16 million, or $0.15 per diluted share, from operating revenues of $488 million during Q1 FY16. During Q1 FY17, segment's operating income for the Company's offshore operations was $6.8 million compared to $7.7 million for Q1 FY16.
On February 24th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Sign up and read the free research report on HP at:
Shares in Calgary, Canada headquartered Cenovus Energy Inc. rose 1.55%, ending yesterday's session at $13.14. A total volume of 2.07 million shares was traded, which was above their three months average volume of 1.86 million shares. The stock is trading 9.11% below its 50-day moving average. Moreover, shares of Cenovus Energy, which develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada, have an RSI of 38.54.
On February 16th, 2017, Cenovus announced that during full year 2016, it achieved first oil at its Christina Lake phase-F and Foster Creek phase-G expansion projects. The expansions increased the Company's total oil sands production capacity by 26%, or 80,000 bbls/d gross, to 390,000 bbls/d gross. Incremental volumes from the new phases contributed to Q4 oil sands production, net to Cenovus, of more than 164,000 bbls/d and full-year production of nearly 150,000 bbls/d net; a 7% increase from full-year 2015. The ramp-up at both expansion phases is progressing well and is expected to be completed in 2017. The complimentary research report on CVE can be downloaded at:
Pioneer Energy Services
On Monday, San Antonio, Texas-based Pioneer Energy Services Corp.'s stock jumped 4.59%, to close the day at $5.70. A total volume of 1.33 million shares was traded. The Company's shares have advanced 20.00% in the previous three months. The stock is trading 25.32% above its 200-day moving average. Additionally, shares of Pioneer Energy Services, which provides land-based drilling and production services to oil and gas exploration and production companies in the US and Colombia, have an RSI of 40.87.
On February 06th, 2017, research firm CapitalOne initiated an 'Overweight' rating on the Company's stock.
On February 17th, 2017, Pioneer announced that revenues for Q4 2016 were $71.5 million, down 32% from revenues of $104.5 million in Q4 2015. The Company's net loss for Q4 2016 was $36.1 million, or $0.53 per share, compared to net loss of $48.3 million, or $0.75 per share, in Q4 2015. Register for free on Stock-Callers.com and access the latest report on PES at:
Shares in Midland, Texas headquartered Concho Resources Inc. ended the day 0.15% lower at $133.08. A total volume of 1.42 million shares was traded. The stock has gained 0.36% since the start of this year. The Company's shares are trading above their 200-day moving average by 1.87%. Furthermore, shares of Concho Resources, which engages in the acquisition, development, exploration, and production of oil and natural gas properties in the US, have an RSI of 40.30.
On February 21st, 2017, Concho announced that its average realized price for oil and natural gas for Q4 2016, excluding the effect of commodity derivatives, was $34.70 per Boe, compared to $29.38 per Boe for Q4 2015. The Company's net loss for Q4 2016 was $125.1 million, or $0.86 per diluted share, compared to net loss of $0.8 million, or $0.01 per diluted share, for Q4 2015.
On February 22nd, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $168 a share to $175 a share. Get free access to your research report on CXO at:
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SOURCE Chelmsford Park SA