Technical Coverage on Independent Oil and Gas Stocks -- Goodrich Petroleum, Linn Energy, Devon Energy, Stone Energy, and Harvest Natural Resources

Jul 27, 2015, 09:30 ET from

NEW YORK, July 27, 2015 /PRNewswire/ --

Equity Research Institute has initiated coverage on the following equities: Goodrich Petroleum Corporation (NYSE: GDP), Linn Energy LLC (NASDAQ: LINE), Devon Energy Corporation (NYSE: DVN), Stone Energy Corporation (NYSE: SGY), and Harvest Natural Resources Inc. (NYSE: HNR). Free research report on Goodrich Petroleum can be accessed at On Friday, July 24, 2015, the NASDAQ Composite ended at 5,088.63, down 1.12%, the Dow Jones Industrial Average declined 0.92%, to finish the day at 17,568.53, and the S&P 500 closed at 2,079.65, down 1.07%. The losses were broad based as all the sectors ended the session in negative. Register for your complimentary reports at the links given below.  

On Friday, shares in Goodrich Petroleum Corp. ended the session 3.09% lower at $0.94. The stock reported a trading volume of 1.81 million shares, below its three months average volume of 3.14 million shares. Goodrich Petroleum Corp.'s shares have plummeted 52.53% in the last one month, 74.10% in the previous three months and 78.83% on YTD basis. The stock is trading 57.13% below its 50-day moving average and 78.34% below its 200-day moving average. Moreover, shares of Goodrich Petroleum Corp. have a Relative Strength Index (RSI) of 22.80. Sign up and read the free notes on GDP at:

Linn Energy LLC's stock lost 1.70%, to close the day at $5.79. The stock recorded a trading volume of 3.21 million shares, close to its three months average volume of 3.15 million shares. Over the last one month and over the past three months, Linn Energy LLC's shares have declined 42.53% and 56.04%, respectively. Furthermore, the stock has lost 38.98% since the start of this year. The company's shares are trading 39.82% below their 50-day moving average. Additionally, Linn Energy LLC has an RSI of 18.62. The complimentary notes on LINE can be downloaded in PDF format at:

On Friday, shares in Devon Energy Corp. recorded a trading volume of 5.01 million shares, higher than their three months average volume of 3.09 million shares. The stock ended the day 3.44% lower at $49.40. Devon Energy Corp.'s stock has lost 19.14% in the last one month, 25.43% in the previous three months and 18.65% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 18.47% and 19.06%, respectively. Furthermore, shares of Devon Energy Corp. have an RSI of 16.76. Register for free on Equity Research Institute and access the latest research on DVN at:

Stone Energy Corp.'s stock plummeted 11.59%, to close Friday's session at $7.55. The stock recorded a trading volume of 1.66 million shares, above its three months average volume of 1.13 million shares. Over the last one month and the previous three months, Stone Energy Corp.'s shares have declined 45.84% and 54.19%, respectively. Additionally, the stock has lost 55.27% since the start of this year. The company is trading 40.06% and 54.15% below its 50-day and 200-day moving averages, respectively. Furthermore, Stone Energy Corp.'s stock has an RSI of 24.29. The complete research on SGY is available for free at:

Harvest Natural Resources Inc.'s stock finished Friday's session 3.23% lower at $1.20. A total of 0.10 million shares were traded, which was below its three months average volume of 1.07 million shares. Over the last one month and since the start of 2015, Harvest Natural Resources Inc.'s shares have lost 28.99% and 33.70%, respectively. However, the stock has surged 73.91% in the previous three months. The company's shares are trading below their 50-day and 200-day moving averages by 25.02% and 20.57%, respectively. Harvest Natural Resources Inc.'s stock has an RSI of 38.54. Free in-depth research on HNR is available at:


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