NEW YORK, January 30, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Independent Oil and Gas space to see how current oil prices have influenced the performances of some equities. Lined up for review are Oasis Petroleum Inc. (NYSE: OAS), Denbury Resources Inc. (NYSE: DNR), ConocoPhillips (NYSE: COP), and Cabot Oil & Gas Corp. (NYSE: COG). On Friday, January 27th, 2017, March West Texas Intermediate crude slid 61 cents, or 1.1%, to settle at $53.17 a barrel on the New York Mercantile Exchange. Meanwhile, March Brent crude lost 72 cents, or 1.3%, to $55.52 a barrel on the ICE Futures exchange in London. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Houston, Texas headquartered Oasis Petroleum Inc. ended 0.53% lower at $14.89. The stock recorded a trading volume of 5.64 million shares. The Company's shares have surged 30.16% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.41% and 35.30%, respectively. Furthermore, shares of Oasis Petroleum, 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 a Relative Strength Index (RSI) of 53.93.
On January 09th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Sign up and read the free research report on OAS at:
Plano, Texas headquartered Denbury Resources Inc.'s stock finished Friday's session 1.60% lower at $3.68 with a total trading volume of 5.27 million shares. The Company's shares have advanced 36.80% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.97% and 7.59%, respectively. Additionally, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have an RSI of 51.66.
As per a SEC filing dated December 21st, 2016, Wieland F. Wettstein, a member of Denbury Resources' Board of Directors notified the Company on December 15th, 2016, that he intends to retire from his directorship and will not stand for re-election to the Company's Board at upcoming annual meeting of stockholders in May 2017. Mr. Wettstein was a founding stockholder of the Company and has been a member of the Board since the Company's inception in 1990. He also served as Chairman of the Board from May 2008 to March 2016. The Board currently plans on replacing Mr. Wettstein with the addition of a new director. The complimentary research report on DNR can be downloaded at:
Shares in Houston, Texas headquartered ConocoPhillips ended the session 2.37% lower at $49.43 with a total trading volume of 5.40 million shares. The stock has gained 18.25% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 0.15% and 11.54%, respectively. Moreover, shares of ConocoPhillips, which explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide, have RSI of 47.38.
On January 11th, 2017, research firm Societe Generale upgraded the Company's stock rating from 'Hold' to 'Buy'.
On January 12th, 2017, ConocoPhillips announced that it will host a conference call webcast on February 02nd, 2017, at 12:00 p.m. ET to discuss Q4 2016 and full-year 2016 financial and operating results. The Company's earnings will be released before the market opens on February 02nd, 2017. Register for free on Stock-Callers.com and access the latest report on COP at:
Cabot Oil & Gas
Houston, Texas headquartered Cabot Oil & Gas Corp.'s stock recorded a trading volume of 4.68 million shares, and closed 2.63% lower at $22.55. The Company's shares have gained 7.94% in the previous three months. The stock is trading 0.25% below its 50-day moving average. Additionally, shares of Cabot Oil & Gas, which develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the US, have an RSI of 50.80.
On January 06th, 2017, Cabot Oil & Gas announced that its Board of Directors declared a regular dividend of $0.02 per share on its common stock. The dividend will be paid February 09th, 2017 to all shareholders of record as of the close of business January 26th, 2017.
On January 23rd, 2017, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight' while revising its previous target price from $22 a share to $25 a share. Get free access to your research report on COG at:
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