NEW YORK, February 16, 2017 /PRNewswire/ --
Independent Oil and Gas is this morning's featured industry on Stock-Callers.com, with focus on Laredo Petroleum Inc. (NYSE: LPI), Suncor Energy Inc. (NYSE: SU), Baytex Energy Corp. (NYSE: BTE), and Murphy Oil Corp. (NYSE: MUR). These companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. They also receive the majority of their revenue from production at the wellhead. Sign up today and download for free the research reports for the stocks covered today at:
Oklahoma headquartered Laredo Petroleum Inc.'s stock finished Wednesday's session 0.14% higher at $14.33. A total volume of 4.20 million shares was traded, which was above their three months average volume of 3.15 million shares. Over the last month and the previous three months, the Company's shares have advanced 7.18% and 8.07%, respectively. Additionally, the stock has gained 1.34% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 1.40% and 14.08%, respectively. Moreover, shares of Laredo Petroleum, which operates as an independent energy company in the US, have a Relative Strength Index (RSI) of 56.40.
On February 15th, 2017, Laredo Petroleum reported a net loss attributable to common stockholders of $18.4 million, or $0.08 per diluted share for Q4 2016, which includes a loss on derivatives of $43.6 million reflecting matured and new contracts and changes of the market prices in the forward curves of oil, natural gas liquids and natural gas. The Company's adjusted EBITDA for Q4 2016 was $134.9 million. Laredo Petroleum announced that it produced a Company record 53,141 barrels of oil equivalent per day in Q4 2016, resulting in full-year 2016 production growth of approximately 11% on a y-o-y basis.
Yesterday, research firm FBR & Co. reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $17 a share to $16 a share. LPI complete research report is just a click away at:
Shares in Calgary, Canada headquartered Suncor Energy Inc. rose 1.37%, ending yesterday's session at $32.45. A total volume of 3.57 million shares was traded, which was above their three months average volume of 3.08 million shares. The stock has gained 10.68% in the previous three months. The Company's shares are trading 0.66% above their 50-day moving average and 12.39% above their 200-day moving average. Moreover, shares of Suncor Energy, which operates as an integrated energy company, have an RSI of 59.29.
On January 24th, 2017, research firm Macquarie downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On February 09th, 2017, Suncor announced the retirement of James W. Simpson, chair of the Company's Board of Directors. His retirement will take effect at the conclusion of Suncor's annual general meeting on April 27th, 2017, when Michael Wilson, a current member of the board and its governance and human resources and compensation committees, will become chair. The complimentary report on SU can be downloaded at:
On Wednesday, Canada headquartered Baytex Energy Corp.'s stock saw a drop of 1.97%, to close the day at $3.98 with a total trading volume of 1.91 million shares. The Company's shares have advanced 3.92% in the previous three months. The stock is trading 12.01% below its 50-day moving average. Additionally, shares of Baytex Energy, which engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the US, have an RSI of 42.89.
On January 20th, 2017, Baytex Energy reported the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisition of $65 million (net of adjustments) was funded by drawing on Baytex's revolving credit facilities. The Company stated that assets are located immediately adjacent to its existing Peace River lands, add approximately 3,000 boe/d of production and more than double its land base in the area. Sign up for your complimentary report on BTE at:
Shares in Arkansas headquartered Murphy Oil Corp. ended the day 0.88% lower at $28.19 with a total trading volume of 1.67 million shares. The stock has gained 0.39% in the previous three months. The Company's shares are trading below their 200-day moving average by 3.57%. Furthermore, shares of Murphy Oil, which operates as an oil and gas exploration and production company worldwide, have an RSI of 37.02.
On February 01st, 2017, Murphy Oil's Board of Directors of declared a quarterly cash dividend on the Company's common Stock of $0.25 per share, or $1.00 per share on an annualized basis. The dividend is payable March 01st, 2017, to holders of record February 13th, 2017. Download the research report for free on MUR at:
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