NEW YORK, August 18, 2016 /PRNewswire/ --
Stock-Callers.com looks at the performances of Independent Oil and Gas equities: Denbury Resources Inc. (NYSE: DNR), WPX Energy Inc. (NYSE: WPX), Oasis Petroleum Inc. (NYSE: OAS), and ConocoPhillips (NYSE: COP). Learn more about these stocks by downloading their free research reports in PDF format at:
Plano, Texas headquartered Denbury Resources Inc.'s stock finished Wednesday's session 2.24% lower at $3.06 with a total volume of 10.50 million shares traded. The Company's shares have surged 51.49% on an YTD basis. The stock is trading above its 200-day moving average by 6.61%. Furthermore, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have a Relative Strength Index (RSI) of 46.23.
On August 4th, 2016, Denbury Resources announced a net loss of $381 million, or $1.03 per diluted share, for Q2 2016 compared to net loss of $1.15 billion, or $3.28 per diluted share, for the year ago quarter. The Company also reported adjusted net income for the quarter of $29 million, or $0.08 per diluted share, compared to adjusted net income of $47 million, or $0.13 per diluted share, for Q2 2015.
On August 10th, 2016, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight'. The research firm also revised downwards its previous target price from $3 to $2.50. Sign up and read the free research report on DNR at:
On Wednesday, shares in Tulsa, Oklahoma headquartered WPX Energy Inc. ended the session at $11.44, up 2.88%. The stock recorded a trading volume of 10.27 million shares. The Company's shares have gained 16.26% in the last one month, 19.29% in the previous three months, and 99.30% since the start of this year. The stock is trading 16.44% above its 50-day moving average and 50.83% above its 200-day moving average. Moreover, shares of WPX Energy, which engages in the exploitation and development of unconventional properties in the US, have an RSI of 66.35.
On July 21st, 2016, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform'. The research firm also revised upwards its previous target price from $8 to $12.
On August 3rd, 2016, WPX reported an unaudited Q2 2016 net loss attributable to common shareholders of $204 million, or a loss of $0.68 per share on a diluted basis. WPX is more than doubling its estimate for net resource potential in the Permian's Delaware Basin from 1.1 billion barrels of oil equivalent (boe) to approximately 2.4 billion boe and raising the projected number of gross drillable locations from more than 3,600 to more than 5,500. The complimentary research report on WPX can be downloaded at:
Houston, Texas headquartered Oasis Petroleum Inc.'s stock ended yesterday's session 2.74% higher at $9.74. A total volume of 10.56 million shares was traded, which was above their three months average volume of 9.87 million shares. The Company's shares have advanced 14.32% in the past one month, 2.53% over the previous three months, and 32.16% on an YTD basis. The stock is trading 7.48% above its 50-day moving average and 16.10% above its 200-day moving average. Additionally, shares of Oasis Petroleum, which focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, have an RSI of 59.72.
On August 3rd, 2016, Oasis Petroleum reported a net loss of $89.9 million, or $0.51 per diluted share, for Q2 2016 compared to a net loss of $53.2 million, or $0.39 per diluted share, for Q2 2015. The company produced 49,507 Boepd in Q2 2016.
On August 05th, 2016, research firm Raymond James upgraded the Company's stock rating from 'Outperform' to 'Strong Buy'. Register for free on Stock-Callers.com and access the latest report on OAS at:
At the close, shares in Houston, Texas headquartered ConocoPhillips recorded a trading volume of 8.86 million shares, which was above their three months average volume of 8.13 million shares. The stock finished 0.79% higher at $43.20. The Company's shares have gained 3.69% in the last one month and 0.27% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.98% and 0.74%, respectively. Furthermore, shares of ConocoPhillips, which explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide, have an RSI of 59.30. Get free access to your research report on COP at:
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