Independent Oil & Gas Stocks Technical Notes -- Laredo Petroleum, Noble Energy, Murphy Oil, and SM Energy

Jul 27, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, July 27, 2016 /PRNewswire/ --

Uncertainty lingers in the Independent Oil and Gas space as the oil glut continues to drive prices down. looks at this morning's featured equities to see how their recent performances have been affected by the persisting declines: Laredo Petroleum Inc. (NYSE: LPI), Noble Energy Inc. (NYSE: NBL), Murphy Oil Corp. (NYSE: MUR), and SM Energy Co. (NYSE: SM). Learn more about these stocks by accessing their freenotes at:

Laredo Petroleum 

Tulsa, Oklahoma headquartered Laredo Petroleum Inc.'s stock finished Tuesday's session 5.45% higher at $10.07 with a total volume of 3.23 million shares traded. The Company's shares have advanced 26.03% on an YTD basis. The stock is trading above its 200-day moving average by 4.43%. 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 a Relative Strength Index (RSI) of 43.72.

On July 14th, 2016 Laredo Petroleum announced that it has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million, subject to customary closing price adjustments. The acquisition secures additional rights to the Spraberry interval, enables the drilling of additional 10,000-foot or longer locations, facilitates the new Western Glasscock production corridor and increases the Company's working interest in current leasehold in western Glasscock and Reagan counties, Texas. The acquisition adds approximately 9,200 net acres, of which approximately 6,300 are in the Spraberry interval and approximately 2,900 net acres are in the Spraberry, Upper, Middle and Lower Wolfcamp, Canyon and Cline zones. The purchase includes approximately 300 net barrels of oil equivalent per day of Laredo-operated production from existing vertical wells through increased working interest in the wells. LPI complete notes are just a click away at:

Noble Energy 

On Tuesday, shares in Houston, Texas headquartered Noble Energy Inc. ended the session at $34.91, up 1.19%. The stock recorded a trading volume of 2.51 million shares. The Company's shares have gained 6.64% since the start of this year. The stock is trading 3.59% above its 200-day moving average. Moreover, shares of Noble Energy, which engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide, have an RSI of 42.31.

On July 05th, 2016, Noble Energy, announced that it has signed a definitive agreement to divest a 3% working interest in the Tamar field, offshore Israel, to the Harel Group in partnership with Israel Infrastructure Fund, Israel's largest infrastructure private equity fund. The transaction value of $369 million is based upon a gross pre-tax Tamar valuation of approximately $12 billion and is subject to purchase price adjustments between January 1st, 2016 and the closing date. Closing for the transaction is anticipated in the third quarter of 2016, subject to customary terms and conditions, with after-tax proceeds received expected to be approximately $275 million.

On July 07th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary notes on NBL can be accessed at:

Murphy Oil 

El Dorado, Arkansas headquartered Murphy Oil Corp.'s stock ended yesterday's session 1.87% higher at $28.85 and with a total volume of 2.52 million shares traded. The Company's shares have advanced 32.78% on an YTD basis. The stock is trading 12.08% above its 200-day moving average. Additionally, shares of Murphy Oil, which operates as an oil and gas exploration and production company worldwide, have an RSI of 42.00.

On July 13th, 2016, Murphy Oil announced that it will release its second quarter 2016 earnings after market close on July 27th, 2016. The company has also scheduled its webcast and conference call at 1:00 p.m. Eastern Time, on July 28th, 2016. Sign up for your complimentary notes on MUR at:

SM Energy 

At the close, shares in Denver, Colorado headquartered SM Energy Co. recorded a trading volume of 2.83 million shares. The stock finished 4.99% higher at $26.32. The Company's shares have surged 34.14% since the start of this year. The stock is trading above its 200-day moving average by 9.27%. Furthermore, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America, have an RSI of 47.13.

On July 18th, 2016, SM Energy announced that it will release its second quarter 2016 earnings and operating results after the close of trading on August 2nd, 2016. The Company will host a conference call and webcast to discuss results on August 3rd, 2016, at 8:00 a.m. Mountain time (10:00 a.m. Eastern time).

Get free access to your notes on SM at:


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