Technical Research on Independent Oil & Gas Equities -- Crescent Point Energy, Denbury Resources, Devon Energy, and Range Resources
NEW YORK, Nov. 02, 2017 /PRNewswire/ --
If you want a Stock Review on CPG, DNR, DVN, or RRC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Reuters reported that for the month of October, Brent was up 6.7%, while WTI rose 5.2%. WTI's discount to Brent CL-LCO1=R has widened to nearly $7, making it attractive to exporters. This morning, DailyStockTracker.com draws attention back to the Independent Oil and Gas space to see how select equities have fared over the past trading sessions: Crescent Point Energy Corp. (NYSE: CPG), Denbury Resources Inc. (NYSE: DNR), Devon Energy Corp. (NYSE: DVN), and Range Resources Corp. (NYSE: RRC). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
http://dailystocktracker.com/register/
Crescent Point Energy
On Wednesday, shares in Calgary, Canada headquartered Crescent Point Energy Corp. recorded a trading volume of 2.48 million shares, which was higher than their three months average volume of 1.13 million shares. The stock ended the day at $8.18, declining 0.61% from the last trading session. The Company's shares have advanced 2.51% in the past month and 12.21% in the previous three months. The stock is trading above its 50-day moving average by 10.16%. Furthermore, shares of the Company have a Relative Strength Index (RSI) of 64.65.
On October 16th, 2017, Crescent Point Energy confirmed that the dividend to be paid on November 15th, 2017, in respect of October 2017 production, for shareholders of record on October 31st, 2017, will be CDN$0.03 per share. Sign up and read the free research report on CPG at:
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Denbury Resources
Plano, Texas headquartered A total volume of 6.76 million shares was traded, which was above their three months average volume of 6.32 million shares. The Company's shares are trading above their 50-day moving average by 5.42%. Additionally, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have an RSI of 56.20.
On October 16th, 2017, Denbury Resources announced that it will host a conference call on November 07, 2017, at 11:00 a.m. ET to review and discuss third-quarter 2017 financial and operating results. The Company plans to issue its financial and operating results prior to the market opening on the same day. A live presentation webcast of the conference call will be available on the Company's website. The complimentary research report on DNR can be downloaded at:
http://dailystocktracker.com/registration/?symbol=DNR
Devon Energy
Shares in Oklahoma City, Oklahoma headquartered Devon Energy Corp. ended the session 5.91% higher at $39.08. The stock recorded a trading volume of 9.30 million shares, which was above its three months average volume of 4.20 million shares. The Company's shares have gained 6.98% in the last one month and 21.10% over the previous three months. The stock is trading 13.84% above its 50-day moving average and 5.85% above its 200-day moving average. Moreover, shares of Devon Energy, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 76.07.
On October 10th, 2017, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy', with a target price of $43 per share.
On October 16th, 2017, Devon Energy announced that President and CEO Dave Hager will present at the Bank of America Merrill Lynch Global Energy Conference on November 16th, 2017, at 2:05 p.m. ET in Miami. A link to the webcast of the event will be accessible on the Company's home page. Register for free on DailyStockTracker.com and access the latest report on DVN at:
http://dailystocktracker.com/registration/?symbol=DVN
Range Resources
At the closing bell on Wednesday, Fort Worth, Texas headquartered Range Resources Corp.'s stock climbed 1.77%, finishing at $18.43. A total volume of 7.58 million shares was traded, which was above their three months average volume of 7.19 million shares. The Company's shares have gained 3.66% over the previous three months. The stock is trading 1.79% below its 50-day moving average. Additionally, shares of Range Resources, which operates as an independent natural gas, natural gas liquids, and oil company, have an RSI of 46.05.
On October 23rd, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On October 24th, 2017, Range Resources announced its third-quarter 2017 financial results. GAAP revenues for Q3 2017 totaled $482 million, GAAP net cash provided from operating activities was $189 million, and GAAP net loss was $128 million. At September 30th, 2017, the Company had total debt outstanding of $4.0 billion before amortization of debt issuance costs and premium, consisting of $2.9 billion in senior notes, $1.1 billion in bank debt, and $49 million in senior subordinated notes. Get free access to your research report on RRC at:
http://dailystocktracker.com/registration/?symbol=RRC
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