Oil & Gas Stocks on Investors' Radar -- Baytex Energy, California Resources, Sanchez Energy, and Pioneer Natural Resources

Aug 12, 2016, 09:02 ET from Chelmsford Park SA

NEW YORK, August 12, 2016 /PRNewswire/ --

This morning's focus on Stock-Callers.com is on the Independent Oil and Gas space which continues to rise and fall along with fluctuating oil prices. On Wednesday, August 10, 2016, oil prices fell sharply but steadied yesterday after the International Energy Agency (IEA) forecast a crude rebalance in the coming months. Stocks in review are: Baytex Energy Corp. (NYSE: BTE), California Resources Corp. (NYSE: CRC), Sanchez Energy Corp. (NYSE: SN), and Pioneer Natural Resources Co. (NYSE: PXD). Learn more about these stocks by downloading their comprehensive and free reports at:


Baytex Energy  

Calgary, Canada headquartered Baytex Energy Corp.'s shares jumped 5.23% and finished Thursday's trading session at $5.03. A total volume of 3.01 million shares was traded. In the previous three months and since the start of this year, the stock has advanced 7.25% and 55.25%, respectively. The Company's shares are trading above their 200-day moving average by 25.65%. Moreover, shares of Baytex Energy, which engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the US, have a Relative Strength Index (RSI) of 50.07.

On July 28th, 2016, Baytex Energy reported funds from operations ("FFO") of CAD $81.3 million (CAD $0.39 per share) in Q2 2016. The company also reduced its net debt by CAD $39 million in Q2 2016 as FFO exceeded capital expenditures. Baytex Energy also announced that it has reinitiated production from heavy oil wells, shut-in during Q1 due to low oil prices; at June 30th, 2016 approximately 6,500 boe/d of the 7,500 boe/d previously shut-in had been re-started. BTE complete research report is just a click away and free at:


California Resources  

On Thursday, shares in Los Angeles, California headquartered California Resources Corp. recorded a trading volume of 2.21 million shares, and ended the session 7.34% higher at $11.85. The stock is trading 8.56% below its 50-day moving average. Shares of the Company, which operates as an oil and natural gas exploration and production company in the State of California, have an RSI of 51.75.

On August 8th, 2016, California Resources announced that it increased from $525 million to $750 million the maximum amount of cash it may use to purchase its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024, and 8.00% Second Lien Secured Notes due 2022 pursuant to its offer to purchase, upon the terms and conditions set forth in the offer to purchase, dated August 1st, 2016. The complimentary report on CRC can be downloaded at:


Sanchez Energy  

Shares in Houston, Texas headquartered Sanchez Energy Corp. closed the day at $8.05, surging 6.91%. The stock recorded a trading volume of 2.76 million shares, which was above its three months average volume of 2.45 million shares. The Company's shares have gained 21.97% in the last one month and 86.77% on an YTD basis. The stock is trading 13.03% above its 50-day moving average and 40.10% above its 200-day moving average. Additionally, shares of Sanchez Energy, which engages in the exploration, acquisition, and development of oil and natural gas resources in the onshore U.S. Gulf Coast, have an RSI of 63.88.

On July 18th, 2016, research firm KLR Group upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $8 a share to $9 a share.

On August 8th, 2016, Sanchez Energy reported that revenues of approximately $111 million (exclusive of hedge settlements) were up approximately 39% when compared to Q1 2016 due to improvements in realized commodity prices during the Q2 2016. On a GAAP basis, the company reported a net loss attributable to common stockholders of $186.9 million for Q2 2016, which includes a non-cash after tax impairment charge of $87.4 million and a non-cash mark-to-market loss on the value of the company's hedge portfolio of $93.5 million. Sign up for your complimentary research report on SN at:


Pioneer Natural Resources  

At the closing bell yesterday, shares in Irving, Texas headquartered Pioneer Natural Resources Co. ended 1.41% higher at $174.20 and with a total volume of 1.43 million shares traded. The stock has advanced 13.00% in the last one month, 4.29% in the previous three months, and 38.98% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 10.69% and 22.28%, respectively. Furthermore, shares of Pioneer Natural Resources, which engages in the development, exploration, and production of oil and gas in the US, have an RSI of 69.27.

On August 04th, 2016, research firm Societe Generale downgraded the Company's stock rating from 'Hold' to 'Sell'. Get free access to your research report on PXD at:



Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number:+44-330-808-3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA