Technical Roundup on Oil & Gas Stocks -- Tesoro, Alon USA Energy, CVR Refining, and Pacific Ethanol
NEW YORK, September 14, 2016 /PRNewswire/ --
The Oil and Gas Refining and Marketing space is a massive market that is driven by the prices of oil and refined products, as well as their supply and demand. This morning, Stock-Callers.com has under assessment the following equities: Tesoro Corp. (NYSE: TSO), Alon USA Energy Inc. (NYSE: ALJ), CVR Refining L.P. (NYSE: CVRR), and Pacific Ethanol Inc. (NASDAQ: PEIX). Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Tesoro
San Antonio, Texas headquartered Tesoro Corp.'s stock finished Tuesday's session at $81.15, which was 0.48% lower from its previous trading session. A total volume of 2.07 million shares was traded. Over the last month and the previous three months, the Company's shares have gained 8.48% and 12.44%, respectively. The stock is trading above its 50-day moving average by 7.70%. Moreover, shares of Tesoro, which through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the US, have a Relative Strength Index (RSI) of 62.34.
On August 23rd, 2016, research firm Jefferies initiated a 'Buy' rating on the Company's stock.
On September 6th, 2016, Tesoro announced that it has agreed to acquire Virent, Inc., an innovative renewable fuels and chemicals company, to support Virent`s success in bringing biofuels technology to commercial scale. Virent`s BioForming® technology can convert sugars and other biomass derived feedstocks into renewable gasoline blendstocks and aromatics. Virent`s aromatics product can also be used for renewable chemicals, most notably para-xylene, a key component in polyester. Tesoro will operate Virent as a wholly owned subsidiary which will be located in Madison, Wisconsin. The transaction is expected to close by the end of September. TSO complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=TSO
Alon USA Energy
Shares in Dallas, Texas headquartered Alon USA Energy Inc. ended yesterday's session 0.37% lower at $8.17 with a total trading volume of 1.35 million shares. The stock has gained 10.13% in the past month and 26.89% in the previous three months. The Company's shares are trading 15.11% above their 50-day moving average. Moreover, shares of Alon USA Energy, which refines and markets petroleum products, primarily in the South Central, Southwestern, and Western regions of the US, have an RSI of 61.14. The complimentary report on ALJ can be downloaded at:
http://stock-callers.com/registration/?symbol=ALJ
CVR Refining
On Tuesday, Sugar Land, Texas-based CVR Refining L.P.'s stock rose 3.87%, to close the day at $8.58. A total volume of 2.17 million shares was traded, which was above their three months average volume of 839,600 shares. The Company's shares have surged 35.55% in the last one month. The stock is trading 31.08% above its 50-day moving average. Additionally, shares of CVR Refining, which operates as an independent petroleum refiner and marketer of transportation fuels in the US, have an RSI of 80.61. Sign up for your complimentary report on CVRR at:
http://stock-callers.com/registration/?symbol=CVRR
Pacific Ethanol
Shares in Sacramento, California headquartered Pacific Ethanol Inc. ended the day 4.51% lower at $6.35. A total volume of 651,839 shares was traded, which was above their three months average volume of 648,220 shares. The stock has gained 15.66% in the previous three months and 32.85% since the start of this year. The Company's shares are trading above their 200-day moving average by 28.21%. Furthermore, shares of Pacific Ethanol, which produces and markets low-carbon renewable fuels in the US, have an RSI of 44.11.
On September 12th, 2016, Pacific Ethanol announced that the U.S. Environmental Protection Agency has approved its registration for generating cellulosic ethanol and D3 cellulosic renewable identification numbers (RINs) at its Stockton, CA plant from corn fiber using Edeniq, Inc.'s Pathway Technology™. This is the first ever EPA registration incorporating this process. Download the research report for free on PEIX at:
http://stock-callers.com/registration/?symbol=PEIX
--
Stock Callers:
Stock Callers (SC) 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. SC 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.
SC 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 SC. SC 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
SC, 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. SC, 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, SC, 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 SC 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://stock-callers.com/legal-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: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article