NEW YORK, November 11, 2016 /PRNewswire/ --
Stock-Callers.com turns investors' attention back to the following Oil and Gas Drilling and Exploration equities to see how they have fared over the last few trading sessions: RSP Permian Inc. (NYSE: RSPP), Vanguard Natural Resources LLC (NASDAQ: VNR), Cenovus Energy Inc. (NYSE: CVE), and Helmerich & Payne Inc. (NYSE: HP). According to the International Energy Agency's October oil market report, global supply rose by 800,000 barrels per day to 97.8 million bpd, led by record OPEC output, and followed by rising production from non-OPEC members. While OPEC will meet at the end of this month, conflict among some members have raised doubts over an output cut this year. Sign up today and download for free the research reports for the stocks covered today at:
On Thursday, shares in Texas headquartered RSP Permian Inc. recorded a trading volume of 2.75 million shares, which was above their three months average volume of 1.91 million shares. The stock ended the day at $40.43, rising 1.20%. The Company's shares have gained 6.68% over the previous three months and 65.76% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.31% and 22.23%, respectively. Furthermore, shares of RSP Permian, which engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, have a Relative Strength Index (RSI) of 60.09.
On October 17th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $44 a share to $51 a share.
On November 01st, 2016, RSP Permian reported that during Q3 2016 production increased by 24% to 29.8 MBoe/d as compared to Q3 2015. The company reported net income of $1.0 million, or $0.01 per diluted share. For Q3 2016, total revenues, excluding the revenue impact from realized derivative instruments, were $93.6 million, a 16% increase over Q3 2015 of $80.6 million. RSPP complete research report is just a click away at:
Vanguard Natural Resources
Houston, Texas headquartered Vanguard Natural Resources LLC's stock finished yesterday's session 8.33% lower at $0.55. A total volume of 2.15 million shares was traded, which was above their three months average volume of 1.87 million shares. The Company's shares have gained 1.85% in the last one month. The stock is trading below its 50-day moving average by 37.19%. Furthermore, shares of Vanguard Natural Resources, which through its subsidiaries, acquires and develops oil and natural gas properties in the US, have an RSI of 37.94.
On November 08th, 2016, Vanguard Natural Resources reported average production of 423,787 Mcfe per day in Q3 2016, up 10% compared to 386,679 Mcfe per day produced in Q3 2015. Distributable Cash flow available to common and class B unit-holders increased 76% to $55.0 million from the $31.3 million generated in Q3 2015. Adjusted net income available to common and class B unit-holders was $33.7 million in Q3 2016, or $0.26 per basic unit, compared to adjusted net income of $1.6 million, or $0.02 per basic unit, in Q3 2015. The complimentary report on VNR can be downloaded at:
At the closing bell on Thursday, shares in Calgary, Canada headquartered Cenovus Energy Inc. saw a drop of 2.02%, ending the day at $14.10. The stock recorded a trading volume of 1.17 million shares. The Company's shares have advanced 11.73% on an YTD basis. The stock is trading 1.27% above its 200-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 43.63.
On October 27th, 2016, Cenovus Energy's operating cash flow from refining and marketing was $68 million in Q3 2016 compared to $30 million in Q3 2015. Cenovus had a net loss of $251 million in Q3 2016 compared to net earnings of $1.8 billion in Q3 2015 when the company recorded an after-tax gain of approximately $1.9 billion from the sale of its royalty interest and mineral fee title lands business. Sign up for your complimentary report on CVE at:
Helmerich & Payne
Tulsa, Oklahoma headquartered Helmerich & Payne Inc.'s stock ended the day 0.20% higher at $63.69. A total volume of 2.40 million shares was traded, which was above their three months average volume of 1.70 million shares. The Company's shares have gained 4.11% over the previous three months and 24.84% on an YTD basis. The stock is trading 1.56% above its 50-day moving average and 6.42% above its 200-day moving average. Additionally, shares of Helmerich & Payne, which engages in the contract drilling of oil and gas wells, have an RSI of 53.24. Download the research report for free on HP at:
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