NEW YORK, June 19, 2017 /PRNewswire/ --
DailyStockTracker.com revisits the Independent Oil and Gas space to see how current oil prices and market conditions have influenced the most recent performances of Kosmos Energy Ltd (NYSE: KOS), Baytex Energy Corp. (NYSE: BTE), Pioneer Natural Resources Co. (NYSE: PXD), and Gastar Exploration Inc. (NYSEMKT: GST). On Wednesday, June 14th, 2017, the International Energy Agency (IEA) said that the global oil glut is here to stay through 2017, as OPEC's efforts to restrain petroleum production have hit a wall in the US. In its closely watched monthly oil market report, the IEA said that the world's vast levels of stored oil - a proxy for the global oversupply - grew by 18.6 million barrels in April in industrialized nations. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Last Friday at the close, shares in Hamilton, Bermuda-based Kosmos Energy Ltd ended 3.86% higher at $6.19. The stock recorded a trading volume of 3.47 million shares, which was above its three months average volume of 3.28 million shares. The Company's shares have advanced 5.81% in the previous three months. The stock is trading above its 200-day moving average by 1.43%. Furthermore, shares of Kosmos Energy, which explores for and produces oil and gas in Africa and South America, have a Relative Strength Index (RSI) of 47.72. Sign up and read the free research report on KOS at:
Calgary, Canada headquartered Baytex Energy Corp.'s stock finished Friday's session 5.42% higher at $2.53. A total volume of 1.99 million shares was traded, which was above their three months average volume of 1.82 million shares. The Company's shares are trading below their 50-day moving average by 18.32%. Additionally, shares of Baytex Energy, which engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and Eagle Ford in the US, have an RSI of 37.56. The complimentary research report on BTE can be downloaded at:
Pioneer Natural Resources
Shares in Irving, Texas headquartered Pioneer Natural Resources Co. ended the session 0.49% higher at $158.79. A total volume of 2.58 million shares was traded, which was above their three months average volume of 1.79 million shares. The stock is trading below its 50-day moving average by 8.46%. Moreover, shares of Pioneer Natural Resources, which operates as an independent oil and gas exploration and production company in the US, have an RSI of 36.07.
On June 15th, 2017, Pioneer Natural Resources announced that Neal H. Shah will join the Company on June 29th, 2017 as Vice President, Investor Relations. He will report to Frank Hopkins, Senior Vice President, Investor Relations. Neal comes to the Company with a strong financial and equity research background. Most recently, he worked at Thrivent Asset Management and Nuveen Asset Management, where he was responsible for energy sector stock selection. Register for free on DailyStockTracker.com and access the latest report on PXD at:
Houston, Texas-based Gastar Exploration Inc.'s shares recorded a trading volume of 1.60 million shares. The stock closed 1.00% higher at $1.01. The Company's shares are trading 19.14% below their 50-day moving average. Additionally, shares of Gastar Exploration, which engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the US, have an RSI of 40.52.
On June 05th, 2017, Gastar Exploration announced that Stephen P. Roberts has joined the Company as Senior Vice President and COO, effective immediately. Mr. Roberts joins Gastar from Jones Energy, Inc., where he served as a Senior Vice President over the Anadarko and Arkoma asset groups and as Senior Vice President of Drilling and Completions. Get free access to your research report on GST at:
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