New York headquartered Hess Corp.'s stock finished Thursday's session at $50.42, climbing 0.32%. A total volume of 4.81 million shares was traded, which was above their three months average volume of 4.45 million shares. Over the last month and since the start of this year, the Company's shares have gained 1.16% and 5.54%, respectively. The stock is trading below its 50-day moving average by 2.59%. Moreover, shares of Hess, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have a Relative Strength Index (RSI) of 42.07.
On October 26th, 2016, Hess reported a net loss of $339 million, or $1.12 per common share, in Q3 2016 compared to a net loss of $279 million, or $0.98 per common share, in Q3 2015. The Exploration and Production net loss in Q3 2016 was $234 million compared to a net loss of $188 million in Q3 2015. The Corporation's average realized crude oil selling price was $41.50 per barrel in Q3 2016, down 9% on y-o-y basis. HES complete research report is just a click away at:
Shares in Mississippi headquartered Callon Petroleum Co. ended yesterday's session 1.07% lower at $13.92 with a total trading volume of 2.05 million shares. The stock has gained 22.21% in the previous three months and 66.91% on an YTD basis. The Company's shares are trading 27.71% above their 200-day moving average. Moreover, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have an RSI of 35.74.
On October 6th, 2016, research firm Mizuho initiated a 'Neutral' rating on the Company's stock, issuing a target price of $16 per share.
On October 24th, 2016, Callon Petroleum announced the closing of its previously announced acquisition of certain assets located in the Midland Basin within its WildHorse operating area. On October 20th, 2016, the Company completed the acquisition of 6,904 gross acres primarily located in Howard County, Texas from Plymouth Petroleum, LLC and additional sellers for total cash consideration of $340 million. The complimentary report on CPE can be downloaded at:
Texas headquartered Occidental Petroleum Corp.'s stock declined 0.81% yesterday, to close the day at $73.79. A total volume of 4.12 million shares was traded. The Company's shares have advanced 2.63% in the last one month and 12.50% on an YTD basis. The stock is trading 2.97% above its 200-day moving average. Additionally, shares of Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas properties in the US and internationally, have an RSI of 49.07.
On October 6th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, issuing a target price of $83 per share.
On October 17th, 2016, Occidental Petroleum announced that it will hold a conference call on November 1st, 2016, at 11 a.m. Eastern, following the release of its Q3 2016 financial results. Sign up for your complimentary report on OXY at:
Shares in Oklahoma headquartered Laredo Petroleum Inc. ended the day 0.69% lower at $12.90 with a total trading volume of 1.80 million shares. The stock has gained 6.26% in the last one month, 28.74% in the previous three months, and 61.45% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.41% and 26.67%, respectively. Furthermore, shares of Laredo Petroleum, which focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas, have an RSI of 49.78.
On October 12th, 2016, Laredo Petroleum announced that it will host a conference call on November 3rd at 7:30 a.m. CT to discuss its Q3 2016 financial and operating results. Laredo expects to report a gain on derivatives of approximately $6.9 million for Q3 2016. At September 30th, 2016, the Company had hedged 5,684,875 barrels of oil at a weighted-average floor price of $57.01 per barrel for 2017.
On October 13th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. Download the research report for free on LPI at:
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