Technical Research on Oil and Gas Equities -- Cenovus Energy, Enerplus, Helmerich & Payne, and Pioneer Energy Services
NEW YORK, August 10, 2017 /PRNewswire/ --
If you want a Stock Review on CVE, ERF, HP, or PES then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. This morning's focus is on the Oil and Gas Drilling and Exploration space, which is engaged in contract-based drilling services such as directional drilling, well drilling, and reconditioning of oil and gas field wells. Ahead of today's trading session, DailyStockTracker.com monitors Cenovus Energy Inc. (NYSE: CVE), Enerplus Corp. (NYSE: ERF), Helmerich & Payne Inc. (NYSE: HP), and Pioneer Energy Services Corp. (NYSE: PES). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
http://dailystocktracker.com/register/
Cenovus Energy
On Wednesday, shares in Calgary, Canada headquartered Cenovus Energy Inc. recorded a trading volume of 5.07 million shares. The stock ended the day at $8.20, declining 1.44% from the last trading session. The Company's shares have advanced 14.85% in the past month. The stock is trading above its 50-day moving average by 4.99%. Furthermore, shares of Cenovus Energy, which develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, have a Relative Strength Index (RSI) of 53.89.
On July 19th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
On July 27th, 2017, Cenovus Energy reported Q2 2017 results. For Q2 2017, operating margin was $778 million; cash from operating activities was $1.2 billion; operating earnings were $398 million; and net earnings were $2.6 billion. The Company ended the quarter with total liquidity of about $5 billion comprised of cash and cash equivalents of approximately $489 million as well as $4.5 billion in undrawn capacity under its committed credit facility and no long-term fixed debt maturities until Q4 2019. Sign up and read the free research report on CVE at:
http://dailystocktracker.com/registration/?symbol=CVE
Enerplus
Calgary, Canada headquartered Enerplus Corp.'s stock saw a drop of 1.71%, finishing yesterday's session at $8.63 with a total trading volume of 1.08 million shares. The Company's shares have gained 5.76% in the last month and 7.34% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.63% and 3.85%, respectively. Additionally, shares of Enerplus, which together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the US and Canada, have an RSI of 49.76.
On July 11th, 2017, research firm CapitalOne initiated an 'Overweight' rating on the Company's stock, with a target price of $13 per share.
On July 20th, 2017, Enerplus announced that a cash dividend in the amount of CDN$0.01 per share will be payable on August 15th, 2017, to all shareholders of record at the close of business on July 31st, 2017. The ex-dividend date for this payment is July 27th, 2017. The complimentary research report on ERF can be downloaded at:
http://dailystocktracker.com/registration/?symbol=ERF
Helmerich & Payne
Shares in Tulsa, Oklahoma headquartered Helmerich & Payne Inc. ended the session 0.17% higher at $46.48. The stock recorded a trading volume of 2.17 million shares. The Company's shares are trading 12.57% below their 50-day moving average. Moreover, shares of Helmerich & Payne, which engages in the contract drilling of oil and gas wells, have an RSI of 28.56.
On July 27th, 2017, Helmerich & Payne reported a net loss of $22 million, or $(0.21) per diluted share, from operating revenues of $499 million for Q3 FY17. Net cash provided by operating activities for the quarter was $90 million. Additionally, US land operations contracted rig count increased by 22 rigs from March 31st, 2017, to June 30th, 2017 and by 95 rigs from September 30th, 2016, to June 30th, 2017.
On July 31st, 2017, research firm Iberia downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. Register for free on DailyStockTracker.com and access the latest report on HP at:
http://dailystocktracker.com/registration/?symbol=HP
Pioneer Energy Services
At the closing bell on Wednesday, San Antonio, Texas-based Pioneer Energy Services Corp.'s stock rose 2.33%, finishing at $2.20. A total volume of 379,425 shares was traded. The Company's shares have gained 4.76% in the last month. The stock is trading 0.27% above its 50-day moving average. Additionally, shares of Pioneer Energy Services, which provides land-based drilling and production services to oil and gas exploration and production companies in the US and Colombia, have an RSI of 48.55.
On August 01st, 2017, Pioneer Energy Services reported financial and operating results for the quarter ended June 30th, 2017. Revenues for Q2 2017 were $107.1 million, net loss was $20.2 million, and adjusted EBITDA was $12.9 million. Revenue for the Production Services Segment was $68.4 million, and revenue for the Drilling Services Segment was $38.8 million for the quarter. Get free access to your research report on PES at:
http://dailystocktracker.com/registration/?symbol=PES
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article