NEW YORK, June 7, 2017 /PRNewswire/ --
Pre-market, DailyStockTracker.com revisits the Independent Oil
and Gas space to see how these select stocks have fared over the
previous trading sessions: Oasis Petroleum Inc. (NYSE: OAS),
Anadarko Petroleum Corp. (NYSE: APC), Hess Corp. (NYSE: HES), and
CONSOL Energy Inc. (NYSE: CNX). For the week of June 05th, 2017, Stratas Advisors
forecasts that the price of Brent crude will be under pressure
and will test at $49.00. The global
consultancy group also expects that the Brent-WTI differential will
trade in the range of $2.30 and
$1.90 with respect to the August
contract. Take a look at the free research reports issued today on
DailyStockTracker.com for these stocks by signing up at:
http://dailystocktracker.com/register/
Oasis Petroleum
On Tuesday, shares in Houston,
Texas headquartered Oasis Petroleum Inc. recorded a trading
volume of 6.91 million shares. The stock ended the day at
$10.19, climbing 4.41% from the last
trading session. The Company's shares are trading below their
50-day moving average by 16.38%. Furthermore, shares of Oasis
Petroleum, which focuses on the acquisition and development of
unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, have a Relative Strength
Index (RSI) of 36.84.
On May 08th, 2017,
Oasis Petroleum announced its intention to contribute a portion of
its midstream assets to a Master Limited Partnership (MLP), and
sell a minority interest in the MLP in an initial public
offering. The midstream assets that are expected to be
contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana, and include a portion of the
Company's crude oil gathering and transportation system, natural
gas gathering and processing system, and water handling
systems.
On May 11th, 2017,
research firm Bank of America/ Merrill downgraded the Company's
stock rating from 'Buy' to 'Neutral'. Sign up and read the free
research report on OAS at:
http://dailystocktracker.com/registration/?symbol=OAS
Anadarko Petroleum
The Woodlands, Texas
headquartered Anadarko Petroleum Corp.'s stock rose 0.93%,
finishing yesterday's session at $50.10 with a total trading volume of 4.52
million shares. The Company's shares are trading below their 50-day
moving average by 11.42%. Shares of the Company, which engages in
the exploration, development, production, and marketing of oil and
gas properties, have an RSI of 29.80.
On May 10th, 2017,
Anadarko Petroleum's board of directors declared a quarterly cash
dividend on the Company's common stock of five cents per share, payable on June 28th, 2017, to stockholders of
record at the close of business on June
14th, 2017.
On May 19th, 2017,
research firm Stifel reiterated its 'Buy' rating on the Company's
stock with a decrease of the target price from $81 a share to $80
a share. The complimentary research report on APC can be downloaded
at:
http://dailystocktracker.com/registration/?symbol=APC
Hess
Shares in New York
headquartered Hess Corp. ended the session 1.80% higher at
$46.94. The stock recorded a trading
volume of 2.90 million shares. The Company's shares are trading
2.47% below their 50-day moving average. Moreover, shares of Hess,
which develops, produces, purchases, transports, and sells crude
oil, natural gas liquids, and natural gas, have an RSI of
45.95.
On May 30th, 2017,
research firm Goldman downgraded the Company's stock rating from
'Buy' to 'Neutral'. Register for free on DailyStockTracker.com and
access the latest report on HES at:
http://dailystocktracker.com/registration/?symbol=HES
CONSOL Energy
At the closing bell on Tuesday, Canonsburg, Pennsylvania headquartered CONSOL
Energy Inc.'s stock gained 2.12%, finishing at $14.45. A total volume of 1.84 million shares was
traded. The Company's shares are trading 9.10% below their 50-day
moving average. Additionally, shares of CONSOL Energy, which
together with its subsidiaries, operates as an integrated energy
company in the US and internationally, have an RSI of 36.85.
On May 23rd, 2017,
CONSOL Energy announced the release of its annual Corporate
Responsibility Report, which details execution against Key
Performance Indicators and outlines activities and new initiatives
undertaken during the past year toward the Company's comprehensive
corporate responsibility goals. A separate report has been prepared
with sustainability performance data related to the Company's
affiliate, CNX Coal Resources L.P. Get free access to your research
report on CNX at:
http://dailystocktracker.com/registration/?symbol=CNX
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