NEW YORK, June 26, 2017 /PRNewswire/ --
If you want a Stock Review on COP, CPE, CPG or DVN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. This morning, DailyStockTracker.com explores the Independent Oil and Gas space to see how current oil prices and market conditions have influenced the most recent performances of select equities: ConocoPhillips (NYSE: COP), Callon Petroleum Co. (NYSE: CPE), Crescent Point Energy Corp. (NYSE: CPG), and Devon Energy Corp. (NYSE: DVN). According to a Reuters report, oil prices have fallen about 20% this year despite an effort led by the Organization of the Petroleum Exporting Countries to cut production by 1.8-million barrels per day. That puts the market on course for its biggest, first-half percentage fall since the late 1990s, when rising output and the Asian financial crisis led to sharp losses. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Last Friday at the close, shares in Houston, Texas headquartered ConocoPhillips ended 0.04% higher at $44.83. The stock recorded a trading volume of 8.50 million shares which was above its three months average volume of 8.47 million shares. The Company's shares have advanced 1.66% in the previous three months. The stock is trading below its 50-day moving average by 3.60%. 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 a Relative Strength Index (RSI) of 44.08.
On June 22nd, 2017, research firm Goldman resumed its 'Neutral' rating on the Company's stock. Sign up and read the free research report on COP at:
Natchez, Mississippi headquartered Callon Petroleum Co.'s stock finished Friday's session 5.06% higher at $10.18. A total volume of 9.88 million shares was traded, which was above their three months average volume of 5.26 million shares. The Company's shares are trading below their 50-day moving average by 12.67%. Additionally, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have an RSI of 41.17.
On June 21st, 2017, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $19 a share to $10 a share.
On June 22nd, 2017, Callon Petroleum announced that the Company's Board of Directors has appointed Correne S. Loeffler as Interim CFO. Ms. Loeffler assumes this role from Joe Gatto, CEO and President, and will continue to perform her current duties as the Company's Treasurer. The complimentary research report on CPE can be downloaded at:
Crescent Point Energy
Shares in Calgary, Canada headquartered Crescent Point Energy Corp. ended the session 0.52% higher at $7.66 with a total trading volume of 1.07 million shares. The stock is trading below its 50-day moving average by 17.94%. Shares of the Company, which acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the US, have an RSI of 33.25.
On June 15th, 2017, Crescent Point Energy confirmed that the dividend to be paid on July 17th, 2017, in respect of June 2017 production, for shareholders of record on June 30th, 2017, will be CDN$0.03 per share. Register for free on DailyStockTracker.com and access the latest report on CPG at:
Oklahoma City, Oklahoma headquartered Devon Energy Corp.'s shares recorded a trading volume of 4.17 million shares. The stock closed 1.57% higher at $30.48. The Company's shares are trading 16.30% below their 50-day moving average. Additionally, 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 30.87.
On June 15th, 2017, Devon Energy announced that COO, Tony Vaughn, will present at the JPMorgan Energy Equity Conference on Monday, June 26th, 2017, at 3:00 p.m. ET in New York. The event will be available via webcast on the Company's website home page.
On June 21st, 2017, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $51 a share to $28 a share. Get free access to your research report on DVN at:
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