How These Oil & Gas Stocks are Faring? -- Rex Energy, Cenovus Energy, Helmerich & Payne, and Vanguard Natural Resources

Sep 02, 2016, 07:55 ET from Chelmsford Park SA

NEW YORK, September 2, 2016 /PRNewswire/ --

Operators in the Oil and Gas Drilling and Exploration segment are involved in the search for potential underground or underwater crude oil, or natural gas fields, as well as  services such as directional drilling, well drilling, and reconditioning of oil and gas field wells, on a contract basis. evaluates the following equities for today: Rex Energy Corp. (NASDAQ: REXX), Cenovus Energy Inc. (NYSE: CVE), Helmerich & Payne Inc. (NYSE: HP), and Vanguard Natural Resources LLC (NASDAQ: VNR). Register now and get full and free access to our downloadable research reports on these stocks at:

Rex Energy  

State College, Pennsylvania headquartered Rex Energy Corp.'s stock finished Thursday's session 3.00% lower at $0.56 with a total trading volume of 1.03 million shares. Shares of the Company, which operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the US, are trading below their 50-day moving average by 12.18%. The stock has a Relative Strength Index (RSI) of 38.79.

On August 22nd, 2016, Rex Energy reported that it has closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. Rex Energy is selling its entire interest in the basin and has received net proceeds from the sale of approximately $40 million with the potential for additional proceeds of up to $10 million over the next three years based on commodity prices during that time frame. Access our complete research report on REXX for free at:

Cenovus Energy  

On Thursday, shares in Calgary, Canada headquartered Cenovus Energy Inc. ended the session at $14.61, up 1.11%. The stock recorded a trading volume of 2.60 million shares, which was above its three months average volume of 1.77 million shares. The Company's shares have gained 2.45% in the last one month and 15.77% since the start of this year. The stock is trading 2.04% above its 50-day moving average and 7.54% above its 200-day moving average. Moreover, shares of Cenovus Energy, which develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, have an RSI of 49.05.

On July 28th, 2016, Cenovus Energy reported that the y-o-y decline in West Texas Intermediate, Western Canadian Select, and AECO natural gas prices of 21%, 30% and 53%, respectively, as well as a decline in average market crack spreads contributed to a decrease in Q2 operating cash flow to $541 million, 42% lower than in the same period of 2015. Upstream operating cash flow was down 45% to $348 million. Cenovus ended Q2 2016 with cash and cash equivalents of approximately $3.8 billion.

On August 19th, 2016, research firm Bank of America/ Merrill initiated a 'Neutral' rating on the Company's stock. The complimentary research report on CVE can be downloaded at:

Helmerich & Payne  

Tulsa, Oklahoma headquartered Helmerich & Payne Inc.'s stock ended yesterday's session 0.26% lower at $60.30. A total volume of 1.89 million shares was traded, which was above their three months average volume of 1.66 million shares. The Company's shares have advanced 3.72% in the previous three months and 16.87% on an YTD basis. The stock is trading 5.47% 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 39.08.

As per the Company's filings with the SEC, effective August 19th, 2016, after 20 years of service Jeffrey L. Flaherty, Senior Vice President of Operations, resigned from his position as an officer of Helmerich & Payne International Drilling Co., a wholly owned drilling subsidiary of Helmerich & Payne. The company noted that Mr. Flaherty's decision to resign was for personal reasons.

Register for free on and get access to the latest PDF format report on HP at:

Vanguard Natural Resources  

At the close on Thursday, shares in Houston, Texas headquartered Vanguard Natural Resources LLC recorded a trading volume of 1.39 million shares. The stock finished 1.60% lower at $1.23. The Company's shares are trading below their 50-day moving average by 19.07%. 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 36.20.

On July 27th, 2016, Vanguard Natural Resources reported that average production of 445,314 Mcfe per day in Q2 2016 was up 21% compared to 368,290 Mcfe per day produced in Q2 2015. The company's net loss attributable to Common and Class B Unit-holders for the quarter of $267.5 million, or $(2.04) per basic unit, compared to a net loss of $800.3 million, or $(9.27) per basic unit, in Q2 2015. Download your free research report on VNR at:


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