Early Morning Insight: SandRidge Energy Inc., Magnum Hunter Resources Corp., Transocean Ltd, and Cenovus Energy Inc.

LONDON, October 7, 2013 /PRNewswire/ --

The U.S. equity market posted gains on Friday, October 4, 2013, with the S&P 500, the Dow Jones Industrial Average and the NASDAQ Composite rising 0.71%, 0.51% and 0.89%, respectively. Shares of companies in the oil and gas drilling and exploration industry ended on a higher note as the broader market edged higher. The major movers included SandRidge Energy Inc. (NYSE: SD), Magnum Hunter Resources Corp. (NASDAQ: MHR), Transocean Ltd. (NYSE: RIG), and Cenovus Energy Inc. (NYSE: CVE). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on SD, MHR, RIG, and CVE now at:

http://www.aaaresearchreports.com/register/

On Friday, SandRidge Energy Inc.'s stock moved higher, tracking gains in the broader market. The company's shares traded between $6.05 and $6.15 before finishing the day at $6.08 that is 0.50% higher than its previous close of $6.05. A total of 8.70 million shares were traded which is lower than its daily average volume of 8.91 million. The company's shares are currently trading 18.83% lower than the 52 week high of $7.49 and 34.51% higher than the 52 week low of $4.52. SandRidge Energy Inc.'s shares have lost 1.46% in last three sessions. So far in last three months the stock has gained 23.33%, thus outperforming the S&P, which has gained 3.59% during the same period. The company's shares are currently trading above its 50-day and 200-day moving averages of $5.51 and $5.54, respectively. Sign up for free technical analysis on SD at:

http://www.AAAResearchReports.com/SD071013.pdf

Magnum Hunter Resources Corp.'s stock rallied on Friday, extending the gains from the previous trading session. The Company's shares hit an intraday high of $7.21 before finishing the day 6.99% higher at $7.04. A total of 12.00 millions of shares were traded which is above the daily average volume of 3.86 million shares. Magnum Hunter Resources Corp.'s stock is currently trading above its 50-day and 200-day moving averages of $4.93 and $4.05, respectively. Sign up for free technical analysis on MHR at:

http://www.AAAResearchReports.com/MHR071013.pdf

On Friday, Transocean Ltd's stock edged higher as the broader market finished on a positive note. The company's shares traded between $44.78 and $45.69 before finishing the day at $45.45 that is 0.60% higher than its previous close of $45.18. A total of 2.10 million shares were traded which is lower than its daily average volume of 2.62 million. Transocean's shares are currently trading 23.61% lower than the 52 week high of $59.50 and 4.12% higher than the 52 week low of $43.65. The company's shares have gained 1.04% in the last three trading sessions. So far in the last three months the stock has fallen by 4.90%, thus underperforming the S&P, which has advanced 3.59% during the same period. Transocean Ltd's shares are currently trading below their 50-day and 200-day moving averages of $46.52 and $50.36, respectively. Sign up for free technical analysis on RIG at:

http://www.AAAResearchReports.com/RIG071013.pdf

On Friday, Cenovus Energy Inc.'s stock closed higher, tracking gains in the broader market. The company's shares traded between $29.09 and $29.47 before finishing the day at $29.35 that is 0.58% higher than its previous close of $29.18. A total of 0.56 million shares were traded which is lower than its daily average volume of 1.04 million. The company's shares are currently trading 18.25% lower than the 52 week high of $35.90 and 7.71% higher than the 52 week low of $27.25. Shares of the Company have lost 1.71% in the last three trading sessions. So far in last three months the stock has gained 1.56%, underperforming the S&P, which has gained 3.59% during the same period. Cenovus Energy Inc.'s stock is currently trading above its 50-day moving averages of $29.31. Sign up for free technical analysis on CVE at:

http://www.AAAResearchReports.com/CVE071013.pdf

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SOURCE AAA Research Reports

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