Independent Oil and Gas Industry Equities Technical Analysis -- Oasis Petroleum, Marathon Oil, ConocoPhillips, Baytex Energy, and Memorial Production Partners

Jul 16, 2015, 09:20 ET from www.equityresearchinstitute.com

NEW YORK, July 16, 2015 /PRNewswire/ --

Equity Research Institute has initiated coverage on the following equities: Oasis Petroleum Inc. (NYSE: OAS), Marathon Oil Corporation (NYSE: MRO), ConocoPhillips (NYSE: COP), Baytex Energy Corporation (NYSE: BTE), and Memorial Production Partners L.P. (NASDAQ: MEMP). Free research report on Oasis Petroleum can be accessed at https://www.EquityResearchInstitute.com/reports?keyword=OAS On Wednesday, July 15, 2015, the NASDAQ Composite ended at 5,098.94, down 0.12%, the Dow Jones Industrial Average edged 0.02% lower, to finish the day at 18,050.17, and the S&P 500 closed at 2,107.40, down 0.07%. The losses were broad based as six out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.  

On Wednesday, shares in Oasis Petroleum Inc. ended the session 4.92% lower at $12.75. The stock reported a trading volume of 6.90 million shares, below its three months average volume of 7.17 million shares. Shares of the company traded at a PE ratio of 4.00. Oasis Petroleum Inc.'s shares have plummeted 23.88% in the last one month, 31.89% in the previous three months and 22.91% on YTD basis. The company is trading 21.26% below its 50-day moving average and 32.74% below its 200-day moving average. Moreover, shares of Oasis Petroleum Inc. have a Relative Strength Index (RSI) of 32.92. Sign up and read the free notes on OAS at:

https://www.EquityResearchInstitute.com/reports?keyword=OAS

Marathon Oil Corp.'s stock declined 2.71%, to close the day at $24.40. The stock recorded a trading volume of 8.33 million shares, above its three months average volume of 6.78 million shares. Over the last one month and over the past three months, Marathon Oil Corp.'s shares have lost 7.72% and 19.91%, respectively. Furthermore, the stock has lost 12.45% since the start of this year. The company's shares are trading 9.60% below their 50-day moving average and 15.05% below their 200-day moving average. Additionally, Marathon Oil Corp. traded at a PE ratio of 56.74 and has an RSI of 35.67. The complimentary notes on MRO can be downloaded in PDF format at:

https://www.EquityResearchInstitute.com/reports?keyword=MRO

On Wednesday, shares in ConocoPhillips recorded a trading volume of 5.23 million shares, lower than their three months average volume of 5.87 million shares. The stock ended the day 1.86% lower at $58.42. Shares of the company traded at a PE ratio of 18.61. ConocoPhillips' stock has lost 7.67% in the last one month, 14.87% in the previous three months and 13.52% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 7.43% and 10.71%, respectively. Furthermore, shares of ConocoPhillips have an RSI of 32.94. Register for free on Equity Research Institute and access the latest research on COP at:

https://www.EquityResearchInstitute.com/reports?keyword=COP

Baytex Energy Corp.'s stock declined 6.06%, to close Wednesday's session at $12.87. The stock recorded a trading volume of 0.84 million shares, above its three months average volume of 0.66 million shares. Over the last one month and the previous three months, Baytex Energy Corp.'s shares have lost 24.85% and 31.56%, respectively. Additionally, the stock has declined 20.25% since the start of this year. The company is trading 22.34% and 33.13% below its 50-day and 200-day moving averages, respectively. Furthermore, Baytex Energy Corp.'s stock has an RSI of 23.94. The complete research on BTE is available for free at:

https://www.EquityResearchInstitute.com/reports?keyword=BTE

Memorial Production Partners L.P.'s stock finished Wednesday's session 3.09% lower at $13.81. A total of 1.18 million shares were traded, which was above its three months average volume of 0.61 million shares. Over the last one month and the previous three months, Memorial Production Partners L.P.'s shares have lost 7.99% and 18.16%, respectively. However, the stock has gained 0.94% on YTD basis. The company's shares are trading below their 50-day and 200-day moving averages by 9.26% and 13.52%, respectively. Memorial Production Partners L.P.'s stock has an RSI of 29.45. Free in-depth research on MEMP is available at:

https://www.EquityResearchInstitute.com/reports?keyword=MEMP

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