NEW YORK, June 13, 2017 /PRNewswire/ --
Today, DailyStockTracker.com reviews four Independent Oil and
Gas stocks to see how current oil prices and market conditions have
influenced their most recent performances: Denbury Resources Inc.
(NYSE: DNR), Cabot Oil & Gas Corp. (NYSE: COG), WPX Energy Inc.
(NYSE: WPX), and Murphy Oil Corp. (NYSE: MUR). According to a
report on MarketWatch, investors are looking forward to the release
of a slew of data this week, such as the International Energy
Agency's report on Wednesday, which includes figures on the state
of OECD stocks. The data will give traders a better picture of
whether a global rebalancing is taking place in the oil market.
Take a look at the free research reports issued today on
DailyStockTracker.com for these stocks by signing up
at:http://dailystocktracker.com/register/
Denbury Resources
On Monday, shares in Plano,
Texas headquartered Denbury Resources Inc. ("DNR") recorded
a trading volume of 7.61 million shares, which was higher than
their three months average volume of 7.54 million shares. The stock
ended the day at $1.54, rising 5.48%
from the last trading session. The Company's shares are trading
below their 50-day moving average by 23.60%. Furthermore, shares of
Denbury Resources, which operates as an independent oil and natural
gas company in the US, have a Relative Strength Index (RSI) of
41.46.
On May 30th, 2017, DNR
announced that it has entered into a definitive agreement with
certain subsidiaries of Linn Energy, Inc. to acquire their 23%
non-operated working interest in Salt Creek Field in Wyoming for $71.5
million. The acquisition is expected to close in late June
and is subject to satisfactory completion of due diligence reviews
and customary closing conditions. Sign up and read the free
research report on DNR
at:http://dailystocktracker.com/registration/?symbol=DNR
Cabot Oil & Gas
Houston, Texas headquartered
Cabot Oil & Gas Corp.'s stock saw a slight decline of 0.44%,
finishing yesterday's session at $22.78 with a total trading volume of 5.91
million shares. The Company's shares are trading below their
200-day moving average by 1.77%. Shares of the Company, which
develops, exploits, explores for, produces, and markets natural
gas, oil, and natural gas liquids in the US, have an RSI of
47.49.
On June 06th, 2017,
research firm Macquarie upgraded the Company's stock rating from
'Neutral' to 'Outperform'. The complimentary research report on COG
can be downloaded at:
http://dailystocktracker.com/registration/?symbol=COG
WPX Energy
Shares in Tulsa, Oklahoma
headquartered WPX Energy Inc. ended the session 1.29% lower at
$9.94. The stock recorded a trading
volume of 9.99 million shares, which was above its three months
average volume of 7.56 million shares. The Company's shares are
trading 17.61% below their 50-day moving average. Moreover, shares
of WPX Energy, which engages in the exploitation and development of
unconventional properties in the US, have an RSI of 32.35.
On May 18th, 2017, WPX
Energy's board of directors has approved a quarterly dividend
of $0.78125 per share to holders of
the Company's 6.25 percent Series A Mandatory Convertible Preferred
Stock. The dividend is payable as of July
31st, 2017, to holders of record of the Company's
preferred stock on July
14th, 2017.
On June 02nd, 2017,
research firm Credit Suisse initiated an 'Outperform' rating on the
Company's stock, with a target price of $18 per share. Register for free on
DailyStockTracker.com and access the latest report on WPX
at:http://dailystocktracker.com/registration/?symbol=WPX
Murphy Oil
At the closing bell on Monday, El
Dorado, Arkansas headquartered Murphy Oil Corp.'s stock
climbed 1.51%, finishing at $25.59. A
total volume of 3.52 million shares was traded, which was above
their three months average volume of 2.75 million shares. The
Company's shares are trading 3.49% below their 50-day moving
average. Additionally, shares of Murphy Oil, which operates as an
oil and gas exploration and production company worldwide, have an
RSI of 49.70.
On May 24th, 2017,
research firm KLR Group initiated a 'Buy' rating on the Company's
stock, with a target price of $41 per
share. Get free access to your research report on MUR
at:http://dailystocktracker.com/registration/?symbol=MUR
--
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