NEW YORK, June 7, 2017 /PRNewswire/ --
Pre-market, DailyStockTracker.com revisits the Independent Oil and Gas space to see how these select stocks have fared over the previous trading sessions: Oasis Petroleum Inc. (NYSE: OAS), Anadarko Petroleum Corp. (NYSE: APC), Hess Corp. (NYSE: HES), and CONSOL Energy Inc. (NYSE: CNX). For the week of June 05th, 2017, Stratas Advisors forecasts that the price of Brent crude will be under pressure and will test at $49.00. The global consultancy group also expects that the Brent-WTI differential will trade in the range of $2.30 and $1.90 with respect to the August contract. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
On Tuesday, shares in Houston, Texas headquartered Oasis Petroleum Inc. recorded a trading volume of 6.91 million shares. The stock ended the day at $10.19, climbing 4.41% from the last trading session. The Company's shares are trading below their 50-day moving average by 16.38%. Furthermore, shares of Oasis Petroleum, which focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, have a Relative Strength Index (RSI) of 36.84.
On May 08th, 2017, Oasis Petroleum announced its intention to contribute a portion of its midstream assets to a Master Limited Partnership (MLP), and sell a minority interest in the MLP in an initial public offering. The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana, and include a portion of the Company's crude oil gathering and transportation system, natural gas gathering and processing system, and water handling systems.
On May 11th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Sign up and read the free research report on OAS at:
The Woodlands, Texas headquartered Anadarko Petroleum Corp.'s stock rose 0.93%, finishing yesterday's session at $50.10 with a total trading volume of 4.52 million shares. The Company's shares are trading below their 50-day moving average by 11.42%. Shares of the Company, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 29.80.
On May 10th, 2017, Anadarko Petroleum's board of directors declared a quarterly cash dividend on the Company's common stock of five cents per share, payable on June 28th, 2017, to stockholders of record at the close of business on June 14th, 2017.
On May 19th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $81 a share to $80 a share. The complimentary research report on APC can be downloaded at:
Shares in New York headquartered Hess Corp. ended the session 1.80% higher at $46.94. The stock recorded a trading volume of 2.90 million shares. The Company's shares are trading 2.47% below their 50-day moving average. Moreover, shares of Hess, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have an RSI of 45.95.
On May 30th, 2017, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on DailyStockTracker.com and access the latest report on HES at:
At the closing bell on Tuesday, Canonsburg, Pennsylvania headquartered CONSOL Energy Inc.'s stock gained 2.12%, finishing at $14.45. A total volume of 1.84 million shares was traded. The Company's shares are trading 9.10% below their 50-day moving average. Additionally, shares of CONSOL Energy, which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of 36.85.
On May 23rd, 2017, CONSOL Energy announced the release of its annual Corporate Responsibility Report, which details execution against Key Performance Indicators and outlines activities and new initiatives undertaken during the past year toward the Company's comprehensive corporate responsibility goals. A separate report has been prepared with sustainability performance data related to the Company's affiliate, CNX Coal Resources L.P. Get free access to your research report on CNX at:
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